| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $503M | $425M | $444M | 18.2% | 13.1% |
| Op. Income | $26M | $25M | $31M | 4.0% | -16.6% |
| Gross Margin | 9.8% | 10.1% | 12.2% | -0.3pp | -2.4pp |
| Net Margin | 2.9% | 3.1% | 4.0% | -0.2pp | -1.1pp |
| EPS (Diluted) | $2.10 | $1.90 | $2.45 | 10.5% | -14.3% |
| Free Cash Flow | $109M | $70M | -$107M | 55.3% | 201.3% |
| Item | Amount |
|---|---|
| REVENUE | $503M |
| Cost of Revenue | $454M |
| GROSS PROFIT | $49M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $23M |
| Other Expenses | $784.0K |
| Operating Expenses | $23M |
| Cost & Expenses | $477M |
| OPERATING INCOME | $26M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | -$5.0K |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $12M |
| EBIT | $27M |
| EBITDA | $39M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $503M |
| Cost of Revenue | $454M |
| GROSS PROFIT | $49M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $23M |
| Other Expenses | $784.0K |
| Operating Expenses | $23M |
| Cost & Expenses | $477M |
| OPERATING INCOME | $26M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | -$5.0K |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $12M |
| EBIT | $27M |
| EBITDA | $39M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $46.0K |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | $76M |
| OPERATING CASH FLOW | $118M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $112.0K |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$111M |
| Common Stock Repurchased | -$814.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$113M |
| FREE CASH FLOW | $109M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $71M |
| Inventory | $736M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $823M |
| PP&E (Net) | $348M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $54M |
| TOTAL NON-CURRENT ASSETS | $403M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $71M |
| Short-Term Debt | $107M |
| Deferred Revenue | $7M |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $244M |
| Long-Term Debt | $299M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $23M |
| Other Non-Current Liabilities | $32M |
| TOTAL NON-CURRENT LIABILITIES | $369M |
| TOTAL LIABILITIES | $613M |
| Common Stock | $3M |
| Additional Paid-In Capital | $101M |
| Retained Earnings | $745M |
| Treasury Stock | -$211M |
| Accum. Other Comp. Income | -$25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $613M |
| Minority Interest | $0 |
| TOTAL EQUITY | $613M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $421M |
| Net Debt | $416M |
