| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $256M | $264M | $249M | -3.1% | 2.4% |
| Op. Income | $10M | $16M | $12M | -39.1% | -20.0% |
| Gross Margin | 63.6% | 66.0% | 18.7% | -2.5pp | 44.9pp |
| Net Margin | 0.6% | 2.5% | 0.9% | -1.9pp | -0.3pp |
| EPS (Diluted) | $0.03 | $0.12 | $0.04 | -76.3% | -33.6% |
| Free Cash Flow | $34M | $14M | $31M | 142.5% | 9.6% |
| Item | Amount |
|---|---|
| REVENUE | $256M |
| Cost of Revenue | $93M |
| GROSS PROFIT | $162M |
| R&D Expenses | $0 |
| Selling & Marketing | $7M |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $146M |
| Operating Expenses | $153M |
| Cost & Expenses | $246M |
| OPERATING INCOME | $10M |
| Interest Income | $1M |
| Interest Expense | $47M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $614.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $25M |
| EBIT | $10M |
| EBITDA | $35M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $256M |
| Cost of Revenue | $93M |
| GROSS PROFIT | $162M |
| R&D Expenses | $0 |
| Selling & Marketing | $7M |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $146M |
| Operating Expenses | $153M |
| Cost & Expenses | $246M |
| OPERATING INCOME | $10M |
| Interest Income | $1M |
| Interest Expense | $47M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $614.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $25M |
| EBIT | $10M |
| EBITDA | $35M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $261.0K |
| Change in Working Capital | $13M |
| OPERATING CASH FLOW | $42M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $16M |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $43M |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | $35M |
| Net Debt Issuance | $15M |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$104.0K |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $34M |
| Net Change in Cash | $82M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $112M |
| Short-Term Investments | $64M |
| Net Receivables | $50M |
| Inventory | $12M |
| Other Current Assets | $28M |
| TOTAL CURRENT ASSETS | $285M |
| PP&E (Net) | $938M |
| Goodwill | $222M |
| Intangible Assets | $74M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $84M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $1.6B |
| Account Payables | $52M |
| Short-Term Debt | $75M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $168M |
| TOTAL CURRENT LIABILITIES | $376M |
| Long-Term Debt | $227M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $36M |
| Other Non-Current Liabilities | $105M |
| TOTAL NON-CURRENT LIABILITIES | $617M |
| TOTAL LIABILITIES | $994M |
| Common Stock | $605.0K |
| Additional Paid-In Capital | $544M |
| Retained Earnings | $192M |
| Treasury Stock | -$126M |
| Accum. Other Comp. Income | $30.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $610M |
| Minority Interest | $0 |
| TOTAL EQUITY | $610M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $576M |
| Net Debt | $464M |
