| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.2B | $1.8B | -11.8% | -41.9% |
| Op. Income | $31M | $147M | $529M | -78.9% | -94.2% |
| Gross Margin | 54.7% | 57.4% | 63.4% | -2.7pp | -8.7pp |
| Net Margin | -5.2% | 6.7% | 23.7% | -12.0pp | -29.0pp |
| EPS (Diluted) | $-0.10 | $0.14 | $0.77 | -171.2% | -112.9% |
| Free Cash Flow | $253M | $23M | $794M | 1011.4% | -68.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $465M |
| GROSS PROFIT | $561M |
| R&D Expenses | $246M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $158M |
| Other Expenses | $126M |
| Operating Expenses | $531M |
| Cost & Expenses | $995M |
| OPERATING INCOME | $31M |
| Interest Income | $2M |
| Interest Expense | $67M |
| Other Income/Expenses | -$77M |
| INCOME BEFORE TAX | -$46M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | -$54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$54M |
| D&A | $187M |
| EBIT | $21M |
| EBITDA | $208M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$54M |
| Depreciation & Amortization | $187M |
| Stock-Based Compensation | $49M |
| Deferred Income Tax | -$76M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $161M |
| OPERATING CASH FLOW | $272M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$24M |
| NET CASH FROM INVESTING | -$42M |
| Net Debt Issuance | $324M |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | -$245M |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | $71M |
| FREE CASH FLOW | $253M |
| Net Change in Cash | $300M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $586M |
| Short-Term Investments | $0 |
| Net Receivables | $857M |
| Inventory | $1.4B |
| Other Current Assets | $196M |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $1.2B |
| Goodwill | $6.7B |
| Intangible Assets | $2.5B |
| Long-Term Investments | $0 |
| Tax Assets | $1.7B |
| Other Non-Current Assets | $577M |
| TOTAL NON-CURRENT ASSETS | $12.6B |
| TOTAL ASSETS | $15.6B |
| Account Payables | $196M |
| Short-Term Debt | $0 |
| Deferred Revenue | $238M |
| Other Current Liabilities | $485M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $6.7B |
| Deferred Revenue NC | $568M |
| Deferred Tax Liabilities | $23M |
| Other Non-Current Liabilities | $930M |
| TOTAL NON-CURRENT LIABILITIES | $8.3B |
| TOTAL LIABILITIES | $9.6B |
| Common Stock | $500.0K |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | $6.2B |
| Treasury Stock | -$2.6B |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.0B |
| TOTAL LIABILITIES & EQUITY | $15.6B |
| Total Debt | $6.8B |
| Net Debt | $6.2B |
