| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $341M | $372M | $298M | -8.1% | 14.5% |
| Op. Income | $55M | $33M | $45M | 68.2% | 23.1% |
| Gross Margin | 63.9% | 55.3% | 63.7% | 8.6pp | 0.2pp |
| Net Margin | 7.7% | 15.5% | 14.6% | -7.8pp | -6.9pp |
| EPS (Diluted) | $0.08 | $0.18 | $0.14 | -53.1% | -41.3% |
| Free Cash Flow | $133M | $63M | $75M | 110.8% | 78.4% |
| Item | Amount |
|---|---|
| REVENUE | $341M |
| Cost of Revenue | $123M |
| GROSS PROFIT | $218M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $110M |
| SG&A Expenses | $110M |
| Other Expenses | $53M |
| Operating Expenses | $163M |
| Cost & Expenses | $286M |
| OPERATING INCOME | $55M |
| Interest Income | $3M |
| Interest Expense | $24M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $34M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $66M |
| EBIT | $58M |
| EBITDA | $124M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $341M |
| Cost of Revenue | $123M |
| GROSS PROFIT | $218M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $110M |
| SG&A Expenses | $110M |
| Other Expenses | $53M |
| Operating Expenses | $163M |
| Cost & Expenses | $286M |
| OPERATING INCOME | $55M |
| Interest Income | $3M |
| Interest Expense | $24M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $34M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $66M |
| EBIT | $58M |
| EBITDA | $124M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $26M |
| Depreciation & Amortization | $66M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $135M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$55M |
| NET CASH FROM INVESTING | -$57M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | $133M |
| Net Change in Cash | $57M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $421M |
| Short-Term Investments | $0 |
| Net Receivables | $191M |
| Inventory | $0 |
| Other Current Assets | $46M |
| TOTAL CURRENT ASSETS | $658M |
| PP&E (Net) | $91M |
| Goodwill | $0 |
| Intangible Assets | $2.0B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $44M |
| TOTAL NON-CURRENT ASSETS | $2.2B |
| TOTAL ASSETS | $2.8B |
| Account Payables | $352M |
| Short-Term Debt | $13M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $118M |
| TOTAL CURRENT LIABILITIES | $483M |
| Long-Term Debt | $61M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $32M |
| Additional Paid-In Capital | $800M |
| Retained Earnings | $382M |
| Treasury Stock | -$71M |
| Accum. Other Comp. Income | $8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $1.2K |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $73M |
| Net Debt | -$348M |
