| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $396M | $372M | $371M | 6.3% | 6.8% |
| Op. Income | $51M | $40M | $56M | 26.9% | -9.3% |
| Gross Margin | 23.5% | 21.5% | 25.1% | 2.0pp | -1.6pp |
| Net Margin | 13.6% | 12.5% | 14.7% | 1.0pp | -1.2pp |
| EPS (Diluted) | $0.47 | $0.41 | $0.49 | 14.6% | -4.1% |
| Free Cash Flow | $36M | $12M | -$3M | 201.5% | 1347.2% |
| Item | Amount |
|---|---|
| REVENUE | $396M |
| Cost of Revenue | $303M |
| GROSS PROFIT | $93M |
| R&D Expenses | $22M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $20M |
| Other Expenses | $0 |
| Operating Expenses | $42M |
| Cost & Expenses | $345M |
| OPERATING INCOME | $51M |
| Interest Income | $10M |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | $61M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $54M |
| D&A | $76M |
| EBIT | $61M |
| EBITDA | $138M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $396M |
| Cost of Revenue | $303M |
| GROSS PROFIT | $93M |
| R&D Expenses | $22M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $20M |
| Other Expenses | $0 |
| Operating Expenses | $42M |
| Cost & Expenses | $345M |
| OPERATING INCOME | $51M |
| Interest Income | $10M |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | $61M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $54M |
| D&A | $76M |
| EBIT | $61M |
| EBITDA | $138M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $53M |
| Depreciation & Amortization | $76M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$122.0K |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $139M |
| Capital Expenditure | -$103M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$20M |
| NET CASH FROM INVESTING | -$123M |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | $36M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $273M |
| Short-Term Investments | $951M |
| Net Receivables | $213M |
| Inventory | $287M |
| Other Current Assets | $57M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $1.4B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $33M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $3.3B |
| Account Payables | $132M |
| Short-Term Debt | $33M |
| Deferred Revenue | $20M |
| Other Current Liabilities | $84M |
| TOTAL CURRENT LIABILITIES | $269M |
| Long-Term Debt | $131M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $20M |
| TOTAL NON-CURRENT LIABILITIES | $151M |
| TOTAL LIABILITIES | $420M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $2.8B |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $3.3B |
| Total Debt | $164M |
| Net Debt | -$109M |
