| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.7B | $3.8B | $4.6B | 24.5% | 2.0% |
| Op. Income | $291M | -$78M | -$54M | 471.5% | 634.8% |
| Gross Margin | 16.4% | 9.1% | 12.4% | 7.3pp | 4.0pp |
| Net Margin | -0.3% | 15.5% | -5.2% | -15.8pp | 4.9pp |
| EPS (Diluted) | $-0.01 | $0.58 | $-0.24 | -102.4% | 94.2% |
| Free Cash Flow | $157M | -$402M | $88M | 139.0% | 78.4% |
| Item | Amount |
|---|---|
| REVENUE | $4.7B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $770M |
| R&D Expenses | $232M |
| Selling & Marketing | $25M |
| General & Administrative | $178M |
| SG&A Expenses | $204M |
| Other Expenses | $42M |
| Operating Expenses | $479M |
| Cost & Expenses | $4.4B |
| OPERATING INCOME | $291M |
| Interest Income | $5.1K |
| Interest Expense | $81.2K |
| Other Income/Expenses | -$271M |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $841.7K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $670M |
| EBIT | $133M |
| EBITDA | $803M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $682M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $343M |
| Change in Working Capital | -$586M |
| OPERATING CASH FLOW | $424M |
| Capital Expenditure | -$268M |
| Acquisitions (Net) | $33M |
| Purchases of Investments | -$840.9K |
| Sales/Maturities of Investments | $9M |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$330M |
| Net Debt Issuance | -$583M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $368M |
| NET CASH FROM FINANCING | -$215M |
| FREE CASH FLOW | $157M |
| Net Change in Cash | -$124M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $9M |
| Net Receivables | $2.3B |
| Inventory | $2.1B |
| Other Current Assets | $233M |
| TOTAL CURRENT ASSETS | $5.7B |
| PP&E (Net) | $10.1B |
| Goodwill | $0 |
| Intangible Assets | $1.0B |
| Long-Term Investments | $2.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $13.7B |
| TOTAL ASSETS | $19.4B |
| Account Payables | $2.9B |
| Short-Term Debt | $3.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.6B |
| TOTAL CURRENT LIABILITIES | $8.2B |
| Long-Term Debt | $5.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $396M |
| TOTAL NON-CURRENT LIABILITIES | $5.9B |
| TOTAL LIABILITIES | $14.0B |
| Common Stock | $1.7B |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $406M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $589M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.5B |
| Minority Interest | $798M |
| TOTAL EQUITY | $5.3B |
| TOTAL LIABILITIES & EQUITY | $19.4B |
| Total Debt | $9.1B |
| Net Debt | $8.1B |
