| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $316M | $297M | $303M | 6.4% | 4.2% |
| Op. Income | $39M | $47M | $67M | -18.4% | -42.2% |
| Gross Margin | 67.9% | 65.3% | 67.4% | 2.6pp | 0.4pp |
| Net Margin | 7.1% | 11.7% | 16.2% | -4.6pp | -9.0pp |
| EPS (Diluted) | $0.14 | $0.22 | $0.31 | -36.4% | -54.8% |
| Free Cash Flow | $31M | $78M | $65M | -60.0% | -52.0% |
| Item | Amount |
|---|---|
| REVENUE | $316M |
| Cost of Revenue | $102M |
| GROSS PROFIT | $215M |
| R&D Expenses | $25M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $151M |
| Other Expenses | $0 |
| Operating Expenses | $176M |
| Cost & Expenses | $277M |
| OPERATING INCOME | $39M |
| Interest Income | $1M |
| Interest Expense | $2M |
| Other Income/Expenses | -$434.0K |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $28M |
| EBIT | $40M |
| EBITDA | $68M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $316M |
| Cost of Revenue | $102M |
| GROSS PROFIT | $215M |
| R&D Expenses | $25M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $151M |
| Other Expenses | $0 |
| Operating Expenses | $176M |
| Cost & Expenses | $277M |
| OPERATING INCOME | $39M |
| Interest Income | $1M |
| Interest Expense | $2M |
| Other Income/Expenses | -$434.0K |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $28M |
| EBIT | $40M |
| EBITDA | $68M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $23M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | $41M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | $30M |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $15M |
| NET CASH FROM FINANCING | -$68M |
| FREE CASH FLOW | $31M |
| Net Change in Cash | -$37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $141M |
| Short-Term Investments | $0 |
| Net Receivables | $237M |
| Inventory | $191M |
| Other Current Assets | $58M |
| TOTAL CURRENT ASSETS | $627M |
| PP&E (Net) | $336M |
| Goodwill | $969M |
| Intangible Assets | $444M |
| Long-Term Investments | $255M |
| Tax Assets | $0 |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $32M |
| Short-Term Debt | $0 |
| Deferred Revenue | $32M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $169M |
| Long-Term Debt | $330M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $32M |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $457M |
| TOTAL LIABILITIES | $626M |
| Common Stock | $2M |
| Additional Paid-In Capital | $902M |
| Retained Earnings | $1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$82M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $423M |
| Net Debt | $283M |
