| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.2B | — | -1.0% | — |
| Op. Income | $60M | -$2.3B | — | 102.6% | — |
| Gross Margin | 34.0% | 36.4% | — | -2.4pp | — |
| Net Margin | -3.6% | -99.4% | — | 95.8pp | — |
| EPS (Diluted) | $-9.92 | $-275.41 | — | 96.4% | — |
| Free Cash Flow | -$27M | $48M | — | -156.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $752M |
| R&D Expenses | $0 |
| Selling & Marketing | $87M |
| General & Administrative | $503M |
| SG&A Expenses | $590M |
| Other Expenses | $102M |
| Operating Expenses | $692M |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $60M |
| Interest Income | $0 |
| Interest Expense | $134M |
| Other Income/Expenses | -$116M |
| INCOME BEFORE TAX | -$56M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | -$73M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$80M |
| D&A | $102M |
| EBIT | $78M |
| EBITDA | $180M |
| EPS | -$10 |
| EPS Diluted | -$10 |
| Item | Amount |
|---|---|
| Net Income | -$80M |
| Depreciation & Amortization | $103M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$37M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$31M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $84M |
| NET CASH FROM INVESTING | -$36M |
| Net Debt Issuance | $975M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $974M |
| FREE CASH FLOW | -$27M |
| Net Change in Cash | $890M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $0 |
| Net Receivables | $840M |
| Inventory | $1.2B |
| Other Current Assets | $159M |
| TOTAL CURRENT ASSETS | $4.1B |
| PP&E (Net) | $985M |
| Goodwill | $821M |
| Intangible Assets | $1.6B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $131M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $7.6B |
| Account Payables | $660M |
| Short-Term Debt | $82M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $883M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $7.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.1B |
| Other Non-Current Liabilities | $103M |
| TOTAL NON-CURRENT LIABILITIES | $8.9B |
| TOTAL LIABILITIES | $10.5B |
| Common Stock | $0 |
| Additional Paid-In Capital | $141M |
| Retained Earnings | -$3.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $283M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$3.1B |
| Minority Interest | $97M |
| TOTAL EQUITY | -$3.0B |
| TOTAL LIABILITIES & EQUITY | $7.6B |
| Total Debt | $7.8B |
| Net Debt | $5.9B |
