| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.7B | $2.9B | $3.1B | -8.3% | -12.2% |
| Op. Income | $33M | $937M | $360M | -96.5% | -90.9% |
| Gross Margin | 85.6% | 91.4% | 86.7% | -5.8pp | -1.0pp |
| Net Margin | -4.0% | 2.1% | 5.9% | -6.0pp | -9.9pp |
| EPS (Diluted) | $-0.29 | $0.15 | $0.46 | -296.4% | -163.1% |
| Free Cash Flow | -$327M | $750M | $625M | -143.6% | -152.4% |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $386M |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $67M |
| Selling & Marketing | $28M |
| General & Administrative | $433M |
| SG&A Expenses | $461M |
| Other Expenses | $1.7B |
| Operating Expenses | $2.3B |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $33M |
| Interest Income | $8M |
| Interest Expense | $67M |
| Other Income/Expenses | -$143M |
| INCOME BEFORE TAX | -$111M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$113M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$107M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$110M |
| D&A | $606M |
| EBIT | -$45M |
| EBITDA | $561M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$107M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $528M |
| Change in Working Capital | -$309M |
| OPERATING CASH FLOW | $112M |
| Capital Expenditure | -$439M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$670M |
| NET CASH FROM INVESTING | -$670M |
| Net Debt Issuance | $22M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$127M |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | -$100M |
| FREE CASH FLOW | -$327M |
| Net Change in Cash | -$654M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $935M |
| Short-Term Investments | $203M |
| Net Receivables | $1.9B |
| Inventory | $152M |
| Other Current Assets | $91M |
| TOTAL CURRENT ASSETS | $4.7B |
| PP&E (Net) | $8.0B |
| Goodwill | $1.4B |
| Intangible Assets | $1.2B |
| Long-Term Investments | $2.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $14.8B |
| TOTAL ASSETS | $19.5B |
| Account Payables | $130M |
| Short-Term Debt | $848M |
| Deferred Revenue | $147M |
| Other Current Liabilities | $34M |
| TOTAL CURRENT LIABILITIES | $4.4B |
| Long-Term Debt | $5.4B |
| Deferred Revenue NC | $97M |
| Deferred Tax Liabilities | $615M |
| Other Non-Current Liabilities | $251M |
| TOTAL NON-CURRENT LIABILITIES | $7.2B |
| TOTAL LIABILITIES | $11.5B |
| Common Stock | $21M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $15.4B |
| Treasury Stock | -$60M |
| Accum. Other Comp. Income | $672M |
| Other Equity | -$9.3B |
| TOTAL STOCKHOLDERS' EQUITY | $7.9B |
| Minority Interest | $72M |
| TOTAL EQUITY | $8.0B |
| TOTAL LIABILITIES & EQUITY | $19.5B |
| Total Debt | $7.3B |
| Net Debt | $6.4B |
