| Metric | Q3 2026 | Q2 2026 | Q3 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $323M | $321M | $971M | 0.6% | -66.7% |
| Op. Income | $5M | -$30M | $83M | 115.8% | -94.4% |
| Gross Margin | 44.5% | 100.0% | 37.5% | -55.5pp | 6.9pp |
| Net Margin | -6.4% | -16.4% | -2.3% | 10.0pp | -4.1pp |
| EPS (Diluted) | $-1.24 | $-3.15 | $-1.85 | 60.6% | 33.0% |
| Free Cash Flow | -$26M | -$31M | -$117M | 17.3% | 77.9% |
| Item | Amount |
|---|---|
| REVENUE | $323M |
| Cost of Revenue | $179M |
| GROSS PROFIT | $144M |
| R&D Expenses | $0 |
| Selling & Marketing | $65M |
| General & Administrative | $32M |
| SG&A Expenses | $97M |
| Other Expenses | $42M |
| Operating Expenses | $139M |
| Cost & Expenses | $318M |
| OPERATING INCOME | $5M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $179M |
| EBIT | $5M |
| EBITDA | $184M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $47M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $139M |
| Change in Working Capital | -$190M |
| OPERATING CASH FLOW | -$21M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$26.7K |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $21M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $25M |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $36M |
| Short-Term Investments | $0 |
| Net Receivables | $84M |
| Inventory | $0 |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $132M |
| PP&E (Net) | $49M |
| Goodwill | $0 |
| Intangible Assets | $691M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.0B |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $1.9B |
| Account Payables | $60M |
| Short-Term Debt | $8M |
| Deferred Revenue | $53M |
| Other Current Liabilities | $419M |
| TOTAL CURRENT LIABILITIES | $539M |
| Long-Term Debt | $606M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $114M |
| TOTAL NON-CURRENT LIABILITIES | $728M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $735M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$109M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $646M |
| Minority Interest | $0 |
| TOTAL EQUITY | $646M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $613M |
| Net Debt | $578M |
