| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $1.0B | 2.6% | 7.5% |
| Op. Income | $59M | $820M | $401M | -92.8% | -85.3% |
| Gross Margin | 88.1% | 90.4% | 86.1% | -2.4pp | 2.0pp |
| Net Margin | -11.7% | 54.7% | 20.2% | -66.5pp | -31.9pp |
| EPS (Diluted) | $-1.91 | $8.50 | $2.95 | -122.5% | -164.7% |
| Free Cash Flow | $157M | -$48M | $175M | 428.0% | -10.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $133M |
| GROSS PROFIT | $982M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $633M |
| Other Expenses | $290M |
| Operating Expenses | $923M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $59M |
| Interest Income | $0 |
| Interest Expense | $131M |
| Other Income/Expenses | -$142M |
| INCOME BEFORE TAX | -$83M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | -$127M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$131M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$131M |
| D&A | $205M |
| EBIT | -$83M |
| EBITDA | $122M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$131M |
| Depreciation & Amortization | $205M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $306M |
| Change in Working Capital | -$57M |
| OPERATING CASH FLOW | $323M |
| Capital Expenditure | -$165M |
| Acquisitions (Net) | -$293M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $61M |
| NET CASH FROM INVESTING | -$162M |
| Net Debt Issuance | $113M |
| Common Stock Repurchased | $70M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $41M |
| NET CASH FROM FINANCING | $224M |
| FREE CASH FLOW | $157M |
| Net Change in Cash | $381M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $365M |
| Net Receivables | $598M |
| Inventory | $24M |
| Other Current Assets | $233M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $3.6B |
| Goodwill | $385M |
| Intangible Assets | $1.1B |
| Long-Term Investments | $229M |
| Tax Assets | $423M |
| Other Non-Current Assets | $177M |
| TOTAL NON-CURRENT ASSETS | $5.9B |
| TOTAL ASSETS | $8.8B |
| Account Payables | $1.3B |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $566M |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $4.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $29M |
| Other Non-Current Liabilities | $67M |
| TOTAL NON-CURRENT LIABILITIES | $4.1B |
| TOTAL LIABILITIES | $7.2B |
| Common Stock | $2M |
| Additional Paid-In Capital | $12.8B |
| Retained Earnings | -$3.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $265M |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $8.8B |
| Total Debt | $5.1B |
| Net Debt | $3.5B |
