| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $511M | $493M | $509M | 3.6% | 0.4% |
| Op. Income | $29M | $27M | $38M | 5.6% | -25.1% |
| Gross Margin | 26.7% | 25.8% | 26.3% | 0.9pp | 0.5pp |
| Net Margin | 4.7% | 6.3% | 5.4% | -1.6pp | -0.6pp |
| EPS (Diluted) | $0.91 | $1.17 | $1.02 | -22.2% | -10.8% |
| Free Cash Flow | $64M | -$23M | $131M | 380.2% | -51.0% |
| Item | Amount |
|---|---|
| REVENUE | $511M |
| Cost of Revenue | $374M |
| GROSS PROFIT | $137M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $108M |
| Operating Expenses | $108M |
| Cost & Expenses | $482M |
| OPERATING INCOME | $29M |
| Interest Income | $0 |
| Interest Expense | $517.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $8M |
| EBIT | $29M |
| EBITDA | $37M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $511M |
| Cost of Revenue | $374M |
| GROSS PROFIT | $137M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $108M |
| Operating Expenses | $108M |
| Cost & Expenses | $482M |
| OPERATING INCOME | $29M |
| Interest Income | $0 |
| Interest Expense | $517.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $8M |
| EBIT | $29M |
| EBITDA | $37M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $24M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$214.0K |
| Change in Working Capital | $30M |
| OPERATING CASH FLOW | $66M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | -$219.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | $432.0K |
| Net Debt Issuance | $9M |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $845.0K |
| FREE CASH FLOW | $64M |
| Net Change in Cash | $66M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $253M |
| Short-Term Investments | $0 |
| Net Receivables | $805M |
| Inventory | $99M |
| Other Current Assets | $51M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $0 |
| Goodwill | $203M |
| Intangible Assets | $88M |
| Long-Term Investments | $88M |
| Tax Assets | $6M |
| Other Non-Current Assets | $173M |
| TOTAL NON-CURRENT ASSETS | $557M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $429M |
| Short-Term Debt | $24M |
| Deferred Revenue | $154M |
| Other Current Liabilities | $37M |
| TOTAL CURRENT LIABILITIES | $697M |
| Long-Term Debt | $10M |
| Deferred Revenue NC | $82M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $107M |
| TOTAL LIABILITIES | $803M |
| Common Stock | $276.0K |
| Additional Paid-In Capital | $192M |
| Retained Earnings | $826M |
| Treasury Stock | -$58M |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $962M |
| Minority Interest | $0 |
| TOTAL EQUITY | $962M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $34M |
| Net Debt | -$219M |
