| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.7B | $1.6B | -2.1% | 4.0% |
| Op. Income | -$25M | -$7M | $1M | -257.1% | -2600.0% |
| Gross Margin | 12.0% | 13.4% | 14.7% | -1.4pp | -2.7pp |
| Net Margin | -1.2% | -0.3% | 0.2% | -0.9pp | -1.4pp |
| EPS (Diluted) | $-0.53 | $-0.14 | $0.08 | -278.6% | -771.7% |
| Free Cash Flow | -$20M | -$86M | -$164M | 76.7% | 87.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $195M |
| R&D Expenses | $0 |
| Selling & Marketing | $10M |
| General & Administrative | $186M |
| SG&A Expenses | $196M |
| Other Expenses | $24M |
| Operating Expenses | $220M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | -$25M |
| Interest Income | $7M |
| Interest Expense | $6M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $11M |
| EBIT | -$18M |
| EBITDA | -$7M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $19M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$37M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$15M |
| Sales/Maturities of Investments | $13M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$23M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$23M |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | -$16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $501M |
| Short-Term Investments | $18M |
| Net Receivables | $929M |
| Inventory | $0 |
| Other Current Assets | $89M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $245M |
| Goodwill | $0 |
| Intangible Assets | $13M |
| Long-Term Investments | $147M |
| Tax Assets | $3M |
| Other Non-Current Assets | $50M |
| TOTAL NON-CURRENT ASSETS | $458M |
| TOTAL ASSETS | $2.0B |
| Account Payables | $8M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $445M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $369M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $107M |
| TOTAL NON-CURRENT LIABILITIES | $543M |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $1M |
| Additional Paid-In Capital | $244M |
| Retained Earnings | $694M |
| Treasury Stock | -$852M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $87M |
| Minority Interest | $0 |
| TOTAL EQUITY | $87M |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $436M |
| Net Debt | -$65M |
