| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $434M | $428M | $427M | 1.3% | 1.6% |
| Op. Income | $39M | $21M | $34M | 89.7% | 13.5% |
| Gross Margin | 57.8% | 55.6% | 58.3% | 2.2pp | -0.5pp |
| Net Margin | -20.2% | -11.7% | -3.0% | -8.5pp | -17.2pp |
| EPS (Diluted) | $-1.52 | $-0.85 | $-0.21 | -78.8% | -623.8% |
| Free Cash Flow | $35M | $4M | $79M | 739.4% | -55.6% |
| Item | Amount |
|---|---|
| REVENUE | $434M |
| Cost of Revenue | $183M |
| GROSS PROFIT | $251M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $212M |
| Operating Expenses | $212M |
| Cost & Expenses | $395M |
| OPERATING INCOME | $39M |
| Interest Income | $0 |
| Interest Expense | $34M |
| Other Income/Expenses | -$35M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $92M |
| Net Income from Continuing Ops | -$88M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$88M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$88M |
| D&A | $69M |
| EBIT | $38M |
| EBITDA | $108M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$88M |
| Depreciation & Amortization | $69M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $74M |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $69M |
| Capital Expenditure | -$34M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | -$38M |
| NET CASH FROM INVESTING | -$39M |
| Net Debt Issuance | -$50M |
| Common Stock Repurchased | -$20M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$49M |
| NET CASH FROM FINANCING | -$119M |
| FREE CASH FLOW | $35M |
| Net Change in Cash | -$93M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $249M |
| Short-Term Investments | $0 |
| Net Receivables | $158M |
| Inventory | $0 |
| Other Current Assets | $1.1B |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $67M |
| Goodwill | $2.1B |
| Intangible Assets | $911M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $3.1B |
| TOTAL ASSETS | $4.7B |
| Account Payables | $194M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.2B |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $89M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $710M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $710M |
| Minority Interest | $0 |
| TOTAL EQUITY | $710M |
| TOTAL LIABILITIES & EQUITY | $4.7B |
| Total Debt | $2.5B |
| Net Debt | $2.3B |
