| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $241M | $240M | $227M | 0.7% | 6.3% |
| Op. Income | $38M | $37M | $38M | 1.1% | -0.8% |
| Gross Margin | 39.2% | 21.4% | 37.9% | 17.9pp | 1.4pp |
| Net Margin | 11.4% | 4.5% | 4.7% | 6.9pp | 6.8pp |
| EPS (Diluted) | $0.34 | $0.14 | $0.07 | 142.9% | 396.4% |
| Free Cash Flow | $30M | $9M | $15M | 226.3% | 107.4% |
| Item | Amount |
|---|---|
| REVENUE | $241M |
| Cost of Revenue | $147M |
| GROSS PROFIT | $95M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $16M |
| Other Expenses | $41M |
| Operating Expenses | $57M |
| Cost & Expenses | $204M |
| OPERATING INCOME | $38M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | -$20M |
| Net Income from Continuing Ops | $28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $28M |
| D&A | $15M |
| EBIT | $29M |
| EBITDA | $45M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $241M |
| Cost of Revenue | $147M |
| GROSS PROFIT | $95M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $16M |
| Other Expenses | $41M |
| Operating Expenses | $57M |
| Cost & Expenses | $204M |
| OPERATING INCOME | $38M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | -$20M |
| Net Income from Continuing Ops | $28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $28M |
| D&A | $15M |
| EBIT | $29M |
| EBITDA | $45M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $28M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $36M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | -$73M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$52M |
| NET CASH FROM INVESTING | -$131M |
| Net Debt Issuance | $84M |
| Common Stock Repurchased | -$692.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $27M |
| NET CASH FROM FINANCING | $111M |
| FREE CASH FLOW | $30M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $70M |
| Short-Term Investments | $0 |
| Net Receivables | $94M |
| Inventory | $0 |
| Other Current Assets | $1.2B |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $59M |
| Goodwill | $382M |
| Intangible Assets | $302M |
| Long-Term Investments | $12M |
| Tax Assets | $50M |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $831M |
| TOTAL ASSETS | $2.2B |
| Account Payables | $61M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.2B |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $998M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $82.0K |
| Additional Paid-In Capital | $13M |
| Retained Earnings | -$100M |
| Treasury Stock | -$23M |
| Accum. Other Comp. Income | -$195.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$110M |
| Minority Interest | $2M |
| TOTAL EQUITY | -$109M |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $1.0B |
| Net Debt | $938M |
