| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.2B | -0.8% | -1.0% |
| Op. Income | $26M | $56M | $63M | -53.2% | -58.3% |
| Gross Margin | 13.2% | 20.0% | 20.0% | -6.9pp | -6.8pp |
| Net Margin | 1.6% | 3.4% | 4.1% | -1.8pp | -2.5pp |
| EPS (Diluted) | $0.56 | $1.20 | $1.41 | -53.3% | -60.3% |
| Free Cash Flow | $86M | $5M | $76M | 1747.6% | 13.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $159M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $90M |
| SG&A Expenses | $90M |
| Other Expenses | $42M |
| Operating Expenses | $132M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $26M |
| Interest Income | $0 |
| Interest Expense | $217.0K |
| Other Income/Expenses | -$217.0K |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $12M |
| EBIT | $53M |
| EBITDA | $65M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $159M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $90M |
| SG&A Expenses | $90M |
| Other Expenses | $42M |
| Operating Expenses | $132M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $26M |
| Interest Income | $0 |
| Interest Expense | $217.0K |
| Other Income/Expenses | -$217.0K |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $12M |
| EBIT | $53M |
| EBITDA | $65M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $19M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $12M |
| Other Non-Cash Items | $33M |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $89M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$32M |
| Sales/Maturities of Investments | $36M |
| Other Investing Activities | $708.0K |
| NET CASH FROM INVESTING | $1M |
| Net Debt Issuance | -$18M |
| Common Stock Repurchased | -$41M |
| Common Dividends Paid | -$14M |
| Other Financing Activities | -$17.0K |
| NET CASH FROM FINANCING | -$73M |
| FREE CASH FLOW | $86M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $375M |
| Short-Term Investments | $59M |
| Net Receivables | $752M |
| Inventory | $0 |
| Other Current Assets | $58M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $262M |
| Goodwill | $34M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $121M |
| TOTAL NON-CURRENT ASSETS | $417M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $403M |
| Short-Term Debt | $48M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $139M |
| TOTAL CURRENT LIABILITIES | $619M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $107M |
| TOTAL NON-CURRENT LIABILITIES | $154M |
| TOTAL LIABILITIES | $773M |
| Common Stock | $686.0K |
| Additional Paid-In Capital | $261M |
| Retained Earnings | $2.9B |
| Treasury Stock | -$2.3B |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $889M |
| Minority Interest | $0 |
| TOTAL EQUITY | $889M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $125M |
| Net Debt | -$250M |
