| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $884M | $899M | $812M | -1.7% | 8.9% |
| Op. Income | $105M | $134M | $120M | -22.1% | -12.6% |
| Gross Margin | 44.1% | 45.5% | 44.5% | -1.4pp | -0.4pp |
| Net Margin | 4.1% | 5.8% | 4.1% | -1.6pp | 0.0pp |
| EPS (Diluted) | $1.83 | $2.62 | $1.66 | -30.2% | 10.2% |
| Free Cash Flow | $83M | $73M | -$96M | 14.1% | 186.5% |
| Item | Amount |
|---|---|
| REVENUE | $884M |
| Cost of Revenue | $494M |
| GROSS PROFIT | $390M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $285M |
| Other Expenses | $0 |
| Operating Expenses | $285M |
| Cost & Expenses | $779M |
| OPERATING INCOME | $105M |
| Interest Income | $486.0K |
| Interest Expense | $58M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $38M |
| EBIT | $106M |
| EBITDA | $144M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $884M |
| Cost of Revenue | $494M |
| GROSS PROFIT | $390M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $285M |
| Other Expenses | $0 |
| Operating Expenses | $285M |
| Cost & Expenses | $779M |
| OPERATING INCOME | $105M |
| Interest Income | $486.0K |
| Interest Expense | $58M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $38M |
| EBIT | $106M |
| EBITDA | $144M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $36M |
| Depreciation & Amortization | $38M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | $47M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $132M |
| Capital Expenditure | -$49M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$48M |
| Net Debt Issuance | -$76M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$24.0K |
| NET CASH FROM FINANCING | -$75M |
| FREE CASH FLOW | $83M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $43M |
| Short-Term Investments | $0 |
| Net Receivables | $107M |
| Inventory | $895M |
| Other Current Assets | $50M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $3.0B |
| Goodwill | $144M |
| Intangible Assets | $80M |
| Long-Term Investments | $141M |
| Tax Assets | $148M |
| Other Non-Current Assets | $150M |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $4.8B |
| Account Payables | $179M |
| Short-Term Debt | $153M |
| Deferred Revenue | $369M |
| Other Current Liabilities | $168M |
| TOTAL CURRENT LIABILITIES | $946M |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $11M |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $3.8B |
| TOTAL LIABILITIES | $4.8B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $400M |
| Retained Earnings | -$415M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $0 |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $4.8B |
| Total Debt | $4.0B |
| Net Debt | $3.9B |
