| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $424M | $373M | $373M | 13.7% | 13.7% |
| Op. Income | $85M | $85M | $87M | 0.2% | -2.3% |
| Gross Margin | 30.0% | 34.0% | 34.4% | -4.0pp | -4.4pp |
| Net Margin | 5.1% | 5.8% | 6.6% | -0.7pp | -1.4pp |
| EPS (Diluted) | $1.90 | $1.91 | $2.17 | -0.5% | -12.4% |
| Free Cash Flow | $62M | $39M | $11M | 59.8% | 454.8% |
| Item | Amount |
|---|---|
| REVENUE | $424M |
| Cost of Revenue | $297M |
| GROSS PROFIT | $127M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $42M |
| SG&A Expenses | $42M |
| Other Expenses | $0 |
| Operating Expenses | $42M |
| Cost & Expenses | $339M |
| OPERATING INCOME | $85M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | -$54M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $9M |
| EBIT | $54M |
| EBITDA | $64M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $424M |
| Cost of Revenue | $297M |
| GROSS PROFIT | $127M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $42M |
| SG&A Expenses | $42M |
| Other Expenses | $0 |
| Operating Expenses | $42M |
| Cost & Expenses | $339M |
| OPERATING INCOME | $85M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | -$54M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $9M |
| EBIT | $54M |
| EBITDA | $64M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $22M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $63M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | $641.0K |
| Net Debt Issuance | -$62M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$63M |
| FREE CASH FLOW | $62M |
| Net Change in Cash | $670.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $38M |
| Short-Term Investments | $0 |
| Net Receivables | $1.8B |
| Inventory | $0 |
| Other Current Assets | -$496M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $122M |
| Goodwill | $144M |
| Intangible Assets | $35M |
| Long-Term Investments | $117M |
| Tax Assets | $43M |
| Other Non-Current Assets | -$117M |
| TOTAL NON-CURRENT ASSETS | $344M |
| TOTAL ASSETS | $3.8B |
| Account Payables | $78M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $596M |
| Long-Term Debt | $564M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $43M |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $30M |
| Retained Earnings | $888M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $920M |
| Minority Interest | $0 |
| TOTAL EQUITY | $920M |
| TOTAL LIABILITIES & EQUITY | $3.8B |
| Total Debt | $722M |
| Net Debt | $684M |
