| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $424M | $358M | $430M | 18.6% | -1.3% |
| Op. Income | $32M | $13M | $80M | 142.9% | -59.4% |
| Gross Margin | 25.2% | 22.7% | 36.3% | 2.5pp | -11.1pp |
| Net Margin | -3.4% | 0.3% | 8.8% | -3.7pp | -12.2pp |
| EPS (Diluted) | $-0.59 | $0.05 | $1.57 | -1393.9% | -137.6% |
| Free Cash Flow | $7M | $61M | $4M | -88.3% | 81.5% |
| Item | Amount |
|---|---|
| REVENUE | $424M |
| Cost of Revenue | $317M |
| GROSS PROFIT | $107M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $75M |
| Other Expenses | $0 |
| Operating Expenses | $75M |
| Cost & Expenses | $392M |
| OPERATING INCOME | $32M |
| Interest Income | $1M |
| Interest Expense | $5M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $823.0K |
| EBIT | $28M |
| EBITDA | $28M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $823.0K |
| Stock-Based Compensation | -$10M |
| Deferred Income Tax | -$515.0K |
| Other Non-Cash Items | $20M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | $892.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$691.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$14M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$600.0K |
| Other Financing Activities | $567.0K |
| NET CASH FROM FINANCING | -$14M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $97M |
| Short-Term Investments | $0 |
| Net Receivables | $139M |
| Inventory | $0 |
| Other Current Assets | $48M |
| TOTAL CURRENT ASSETS | $318M |
| PP&E (Net) | $793M |
| Goodwill | $227M |
| Intangible Assets | $104M |
| Long-Term Investments | $53M |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.5B |
| Account Payables | $7M |
| Short-Term Debt | $24M |
| Deferred Revenue | $166M |
| Other Current Liabilities | $139M |
| TOTAL CURRENT LIABILITIES | $617M |
| Long-Term Debt | $267M |
| Deferred Revenue NC | $718.0K |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $48M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $249.0K |
| Additional Paid-In Capital | $12M |
| Retained Earnings | -$136M |
| Treasury Stock | -$159M |
| Accum. Other Comp. Income | -$911.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$283M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$283M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $1.2B |
| Net Debt | $1.1B |
