| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $651M | $675M | $807M | -3.6% | -19.3% |
| Op. Income | $92M | $122M | $230M | -24.7% | -59.9% |
| Gross Margin | 35.1% | 37.4% | 45.7% | -2.2pp | -10.6pp |
| Net Margin | 5.7% | 10.0% | 18.2% | -4.3pp | -12.5pp |
| EPS (Diluted) | $0.23 | $0.42 | $0.89 | -45.2% | -74.2% |
| Free Cash Flow | $48M | $93M | $195M | -47.8% | -75.1% |
| Item | Amount |
|---|---|
| REVENUE | $651M |
| Cost of Revenue | $422M |
| GROSS PROFIT | $229M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $113M |
| SG&A Expenses | $113M |
| Other Expenses | $24M |
| Operating Expenses | $137M |
| Cost & Expenses | $559M |
| OPERATING INCOME | $92M |
| Interest Income | $6M |
| Interest Expense | $39M |
| Other Income/Expenses | -$38M |
| INCOME BEFORE TAX | $54M |
| Income Tax Expense | $17M |
| NET INCOME | $37M |
| D&A | $24M |
| EBIT | $93M |
| EBITDA | $117M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $651M |
| Cost of Revenue | $422M |
| GROSS PROFIT | $229M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $113M |
| SG&A Expenses | $113M |
| Other Expenses | $24M |
| Operating Expenses | $137M |
| Cost & Expenses | $559M |
| OPERATING INCOME | $92M |
| Interest Income | $6M |
| Interest Expense | $39M |
| Other Income/Expenses | -$38M |
| INCOME BEFORE TAX | $54M |
| Income Tax Expense | $17M |
| NET INCOME | $37M |
| D&A | $24M |
| EBIT | $93M |
| EBITDA | $117M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $37M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | $59M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$343.0K |
| Sales/Maturities of Investments | $662.0K |
| Other Investing Activities | $5.0K |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$20M |
| Other Financing Activities | -$552M |
| NET CASH FROM FINANCING | -$572M |
| FREE CASH FLOW | $48M |
| Net Change in Cash | -$524M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $233M |
| Short-Term Investments | $0 |
| Net Receivables | $599M |
| Inventory | $0 |
| Other Current Assets | $65M |
| TOTAL CURRENT ASSETS | $897M |
| PP&E (Net) | $486M |
| Goodwill | $3.0B |
| Intangible Assets | $2.3B |
| Long-Term Investments | $44M |
| Tax Assets | $0 |
| Other Non-Current Assets | $82M |
| TOTAL NON-CURRENT ASSETS | $5.9B |
| TOTAL ASSETS | $6.8B |
| Account Payables | $84M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $73M |
| TOTAL CURRENT LIABILITIES | $404M |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $588M |
| Other Non-Current Liabilities | $109M |
| TOTAL NON-CURRENT LIABILITIES | $3.3B |
| TOTAL LIABILITIES | $3.7B |
| Common Stock | $324M |
| Additional Paid-In Capital | $28M |
| Retained Earnings | $8.6B |
| Treasury Stock | -$5.7B |
| Accum. Other Comp. Income | -$104M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $6.8B |
| Total Debt | $2.6B |
| Net Debt | $2.4B |
