| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $439M | $403M | $421M | 8.9% | 4.2% |
| Op. Income | $95M | $67M | $93M | 41.6% | 1.4% |
| Gross Margin | 40.5% | 37.3% | 39.7% | 3.1pp | 0.7pp |
| Net Margin | 12.9% | 9.3% | 10.9% | 3.5pp | 2.0pp |
| EPS (Diluted) | $0.44 | $0.29 | $0.35 | 51.7% | 25.7% |
| Free Cash Flow | $32M | -$5M | $10M | 795.7% | 226.5% |
| Item | Amount |
|---|---|
| REVENUE | $439M |
| Cost of Revenue | $261M |
| GROSS PROFIT | $178M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $86M |
| SG&A Expenses | $86M |
| Other Expenses | -$3M |
| Operating Expenses | $83M |
| Cost & Expenses | $344M |
| OPERATING INCOME | $95M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $77M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $57M |
| Net Income from Discontinued Ops | -$500.0K |
| Other Adjustments | $0 |
| NET INCOME | $57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $57M |
| D&A | $30M |
| EBIT | $95M |
| EBITDA | $125M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $439M |
| Cost of Revenue | $261M |
| GROSS PROFIT | $178M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $86M |
| SG&A Expenses | $86M |
| Other Expenses | -$3M |
| Operating Expenses | $83M |
| Cost & Expenses | $344M |
| OPERATING INCOME | $95M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $77M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $57M |
| Net Income from Discontinued Ops | -$500.0K |
| Other Adjustments | $0 |
| NET INCOME | $57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $57M |
| D&A | $30M |
| EBIT | $95M |
| EBITDA | $125M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $57M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $87M |
| Capital Expenditure | -$55M |
| Acquisitions (Net) | -$23M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$82M |
| Net Debt Issuance | $4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $800.0K |
| FREE CASH FLOW | $32M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $68M |
| Short-Term Investments | $0 |
| Net Receivables | $90M |
| Inventory | $41M |
| Other Current Assets | $40M |
| TOTAL CURRENT ASSETS | $239M |
| PP&E (Net) | $1.4B |
| Goodwill | $0 |
| Intangible Assets | $713M |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $225M |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $101M |
| Short-Term Debt | $24M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $203M |
| TOTAL CURRENT LIABILITIES | $328M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $552M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $56M |
| Retained Earnings | $249M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $314M |
| Minority Interest | $0 |
| TOTAL EQUITY | $314M |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $1.4B |
| Net Debt | $1.3B |
