| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $460M | $462M | — | -0.5% | — |
| Op. Income | $97M | $73M | — | 31.8% | — |
| Gross Margin | 53.1% | 53.6% | — | -0.4pp | — |
| Net Margin | 11.3% | 6.5% | — | 4.8pp | — |
| EPS (Diluted) | $0.29 | $0.17 | — | 70.6% | — |
| Free Cash Flow | $51M | $98M | — | -47.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $460M |
| Cost of Revenue | $215M |
| GROSS PROFIT | $244M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $144M |
| Other Expenses | $0 |
| Operating Expenses | $148M |
| Cost & Expenses | $363M |
| OPERATING INCOME | $97M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $68M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $27M |
| EBIT | $94M |
| EBITDA | $122M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $460M |
| Cost of Revenue | $215M |
| GROSS PROFIT | $244M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $144M |
| Other Expenses | $0 |
| Operating Expenses | $148M |
| Cost & Expenses | $363M |
| OPERATING INCOME | $97M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $68M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $27M |
| EBIT | $94M |
| EBITDA | $122M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $52M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | $67M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$22M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$36M |
| Net Debt Issuance | $214M |
| Common Stock Repurchased | -$162M |
| Common Dividends Paid | -$13M |
| Other Financing Activities | -$33M |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | $51M |
| Net Change in Cash | $36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $321M |
| Short-Term Investments | $15M |
| Net Receivables | $664M |
| Inventory | $76M |
| Other Current Assets | $74M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $314M |
| Goodwill | $747M |
| Intangible Assets | $16M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.0B |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $3.3B |
| Account Payables | $699M |
| Short-Term Debt | $16M |
| Deferred Revenue | $675M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $46M |
| Deferred Tax Liabilities | $70M |
| Other Non-Current Liabilities | $197M |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $3.9B |
| Common Stock | $270M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.7B |
| Treasury Stock | -$2.8B |
| Accum. Other Comp. Income | -$765M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$662M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$662M |
| TOTAL LIABILITIES & EQUITY | $3.3B |
| Total Debt | $2.2B |
| Net Debt | $1.9B |
