| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.4B | $1.3B | -1.0% | 2.5% |
| Op. Income | $166M | $153M | $142M | 8.4% | 16.6% |
| Gross Margin | 25.0% | 23.2% | 23.5% | 1.8pp | 1.5pp |
| Net Margin | 7.9% | 7.1% | 6.8% | 0.8pp | 1.0pp |
| EPS (Diluted) | $1.86 | $1.69 | $1.46 | 10.1% | 27.4% |
| Free Cash Flow | -$198M | $26M | $165M | -877.0% | -220.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $337M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $171M |
| Other Expenses | $0 |
| Operating Expenses | $171M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $166M |
| Interest Income | $0 |
| Interest Expense | $23M |
| Other Income/Expenses | -$23M |
| INCOME BEFORE TAX | $143M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $106M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $106M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $106M |
| D&A | $33M |
| EBIT | $166M |
| EBITDA | $198M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $337M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $171M |
| Other Expenses | $0 |
| Operating Expenses | $171M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $166M |
| Interest Income | $0 |
| Interest Expense | $23M |
| Other Income/Expenses | -$23M |
| INCOME BEFORE TAX | $143M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $106M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $106M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $106M |
| D&A | $33M |
| EBIT | $166M |
| EBITDA | $198M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $106M |
| Depreciation & Amortization | $33M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $736.0K |
| Change in Working Capital | -$328M |
| OPERATING CASH FLOW | -$183M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | $164M |
| Common Stock Repurchased | -$10.0K |
| Common Dividends Paid | -$17M |
| Other Financing Activities | -$643.0K |
| NET CASH FROM FINANCING | $146M |
| FREE CASH FLOW | -$198M |
| Net Change in Cash | -$51M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $105M |
| Short-Term Investments | $0 |
| Net Receivables | $1.4B |
| Inventory | $0 |
| Other Current Assets | $72M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $150M |
| Goodwill | $1.8B |
| Intangible Assets | $779M |
| Long-Term Investments | $8M |
| Tax Assets | $11M |
| Other Non-Current Assets | $126M |
| TOTAL NON-CURRENT ASSETS | $2.9B |
| TOTAL ASSETS | $4.5B |
| Account Payables | $282M |
| Short-Term Debt | $88M |
| Deferred Revenue | $70M |
| Other Current Liabilities | $70M |
| TOTAL CURRENT LIABILITIES | $706M |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $49M |
| Deferred Tax Liabilities | $161M |
| Other Non-Current Liabilities | $80M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $627M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $4.5B |
| Total Debt | $1.8B |
| Net Debt | $1.7B |
