| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $349M | $428M | $428M | -18.3% | -18.3% |
| Op. Income | $23M | $8M | $8M | 182.4% | 171.6% |
| Gross Margin | 34.9% | 32.5% | 29.5% | 2.4pp | 5.5pp |
| Net Margin | 4.4% | -2.1% | 0.4% | 6.5pp | 4.0pp |
| EPS (Diluted) | $0.49 | $-0.29 | $0.06 | 269.0% | 761.2% |
| Free Cash Flow | -$23M | -$2M | $4M | -867.2% | -636.3% |
| Item | Amount |
|---|---|
| REVENUE | $349M |
| Cost of Revenue | $227M |
| GROSS PROFIT | $122M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $99M |
| Other Expenses | $0 |
| Operating Expenses | $99M |
| Cost & Expenses | $327M |
| OPERATING INCOME | $23M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | $36M |
| INCOME BEFORE TAX | $59M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $16M |
| EBIT | $75M |
| EBITDA | $91M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $349M |
| Cost of Revenue | $227M |
| GROSS PROFIT | $122M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $99M |
| Other Expenses | $0 |
| Operating Expenses | $99M |
| Cost & Expenses | $327M |
| OPERATING INCOME | $23M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | $36M |
| INCOME BEFORE TAX | $59M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $16M |
| EBIT | $75M |
| EBITDA | $91M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $22M |
| Other Non-Cash Items | -$69M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $172M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | $157M |
| Net Debt Issuance | -$121M |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | -$8M |
| Other Financing Activities | -$37M |
| NET CASH FROM FINANCING | -$173M |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | -$20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $20M |
| Short-Term Investments | $0 |
| Net Receivables | $237M |
| Inventory | $211M |
| Other Current Assets | $48M |
| TOTAL CURRENT ASSETS | $516M |
| PP&E (Net) | $280M |
| Goodwill | $516M |
| Intangible Assets | $84M |
| Long-Term Investments | $285M |
| Tax Assets | $8M |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $98M |
| Short-Term Debt | $24M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $139M |
| TOTAL CURRENT LIABILITIES | $311M |
| Long-Term Debt | $678M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $59M |
| Other Non-Current Liabilities | $92M |
| TOTAL NON-CURRENT LIABILITIES | $881M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $36M |
| Additional Paid-In Capital | $152M |
| Retained Earnings | $601M |
| Treasury Stock | -$198M |
| Accum. Other Comp. Income | -$78M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $514M |
| Minority Interest | $0 |
| TOTAL EQUITY | $514M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $754M |
| Net Debt | $733M |
