| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | — | $1.3B | — | 9.3% |
| Op. Income | -$19M | — | -$47M | — | 59.6% |
| Gross Margin | 36.4% | — | 34.7% | — | 1.7pp |
| Net Margin | -2.5% | — | -4.2% | — | 1.6pp |
| EPS (Diluted) | $-0.46 | — | $-0.71 | — | 35.2% |
| Free Cash Flow | -$232M | — | -$299M | — | 22.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $936M |
| GROSS PROFIT | $536M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $555M |
| SG&A Expenses | $555M |
| Other Expenses | $0 |
| Operating Expenses | $555M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | -$19M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | -$37M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | -$31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$37M |
| D&A | $60M |
| EBIT | -$19M |
| EBITDA | $41M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$37M |
| Depreciation & Amortization | $57M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $20M |
| Change in Working Capital | -$219M |
| OPERATING CASH FLOW | -$180M |
| Capital Expenditure | -$52M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$52M |
| Net Debt Issuance | $299M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | $293M |
| FREE CASH FLOW | -$232M |
| Net Change in Cash | $61M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $249M |
| Short-Term Investments | $0 |
| Net Receivables | $190M |
| Inventory | $1.4B |
| Other Current Assets | $129M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $2.4B |
| Goodwill | $367M |
| Intangible Assets | $80M |
| Long-Term Investments | $48M |
| Tax Assets | $22M |
| Other Non-Current Assets | $311M |
| TOTAL NON-CURRENT ASSETS | $3.2B |
| TOTAL ASSETS | $5.1B |
| Account Payables | $546M |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $646M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $2.9B |
| Deferred Revenue NC | $10M |
| Deferred Tax Liabilities | $13M |
| Other Non-Current Liabilities | -$1.5B |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $4.4B |
| Common Stock | $1M |
| Additional Paid-In Capital | $330M |
| Retained Earnings | $320M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $653M |
| Minority Interest | $36M |
| TOTAL EQUITY | $689M |
| TOTAL LIABILITIES & EQUITY | $5.1B |
| Total Debt | $4.7B |
| Net Debt | $4.5B |
