| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $241M | $230M | $268M | 4.8% | -9.9% |
| Op. Income | $83M | $79M | $171M | 4.5% | -51.7% |
| Gross Margin | 46.5% | 47.2% | 49.2% | -0.7pp | -2.7pp |
| Net Margin | 35.0% | 31.9% | 59.2% | 3.1pp | -24.2pp |
| EPS (Diluted) | $1.73 | $1.53 | $3.16 | 13.1% | -45.3% |
| Free Cash Flow | $120M | $104M | $187M | 15.1% | -36.0% |
| Item | Amount |
|---|---|
| REVENUE | $241M |
| Cost of Revenue | $129M |
| GROSS PROFIT | $112M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $30M |
| SG&A Expenses | $30M |
| Other Expenses | $0 |
| Operating Expenses | $30M |
| Cost & Expenses | $159M |
| OPERATING INCOME | $83M |
| Interest Income | $6M |
| Interest Expense | $20M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $84M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $84M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $84M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $84M |
| D&A | $46M |
| EBIT | $83M |
| EBITDA | $129M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $241M |
| Cost of Revenue | $129M |
| GROSS PROFIT | $112M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $30M |
| SG&A Expenses | $30M |
| Other Expenses | $0 |
| Operating Expenses | $30M |
| Cost & Expenses | $159M |
| OPERATING INCOME | $83M |
| Interest Income | $6M |
| Interest Expense | $20M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $84M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $84M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $84M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $84M |
| D&A | $46M |
| EBIT | $83M |
| EBITDA | $129M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $84M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $53M |
| Change in Working Capital | -$856.0K |
| OPERATING CASH FLOW | $137M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $60M |
| NET CASH FROM INVESTING | $44M |
| Net Debt Issuance | -$28M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$20M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$48M |
| FREE CASH FLOW | $120M |
| Net Change in Cash | $132M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $603M |
| Short-Term Investments | $48M |
| Net Receivables | $172M |
| Inventory | $12M |
| Other Current Assets | $132M |
| TOTAL CURRENT ASSETS | $968M |
| PP&E (Net) | $3.0B |
| Goodwill | $8M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $63M |
| TOTAL NON-CURRENT ASSETS | $3.1B |
| TOTAL ASSETS | $4.0B |
| Account Payables | $29M |
| Short-Term Debt | $62M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $201M |
| Long-Term Debt | $754M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $754M |
| TOTAL LIABILITIES | $955M |
| Common Stock | $778.0K |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | $1.3B |
| Treasury Stock | -$1.5B |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $4.0B |
| Total Debt | $884M |
| Net Debt | $281M |
