| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.1B | $3.3B | $2.9B | -4.8% | 8.1% |
| Op. Income | $38M | $17M | -$74M | 123.5% | 151.4% |
| Gross Margin | 30.0% | 30.1% | 30.3% | -0.1pp | -0.3pp |
| Net Margin | -3.2% | 0.5% | -2.6% | -3.6pp | -0.6pp |
| EPS (Diluted) | $-0.76 | $0.12 | $-0.60 | -733.3% | -26.7% |
| Free Cash Flow | $128M | $260M | -$9M | -50.8% | 1522.2% |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $934M |
| R&D Expenses | $0 |
| Selling & Marketing | $330M |
| General & Administrative | $445M |
| SG&A Expenses | $775M |
| Other Expenses | $121M |
| Operating Expenses | $896M |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $38M |
| Interest Income | $0 |
| Interest Expense | $31M |
| Other Income/Expenses | -$135M |
| INCOME BEFORE TAX | -$97M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$99M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$99M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$99M |
| D&A | $75M |
| EBIT | -$66M |
| EBITDA | $9M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$99M |
| Depreciation & Amortization | $75M |
| Stock-Based Compensation | $88M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $90M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $155M |
| Capital Expenditure | -$27M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$21M |
| Sales/Maturities of Investments | $16M |
| Other Investing Activities | -$35M |
| NET CASH FROM INVESTING | -$67M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $9M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$252M |
| NET CASH FROM FINANCING | -$243M |
| FREE CASH FLOW | $128M |
| Net Change in Cash | -$314M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $54M |
| Net Receivables | $129M |
| Inventory | $70M |
| Other Current Assets | $254M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $1.4B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $61M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $3.1B |
| Account Payables | $1.2B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $2.3B |
| Long-Term Debt | $3.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $3.6B |
| TOTAL LIABILITIES | $5.9B |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$4.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$32M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$2.8B |
| TOTAL LIABILITIES & EQUITY | $3.1B |
| Total Debt | $3.6B |
| Net Debt | $2.4B |
