| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | — | $1.4B | — | -10.1% |
| Op. Income | -$186M | — | -$108M | — | -72.1% |
| Gross Margin | -9.5% | — | 25.4% | — | -34.9pp |
| Net Margin | -15.6% | — | -5.8% | — | -9.8pp |
| EPS (Diluted) | $-2.56 | — | $-1.03 | — | -148.5% |
| Free Cash Flow | -$34M | — | $43M | — | -180.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | -$123M |
| R&D Expenses | $0 |
| Selling & Marketing | $270M |
| General & Administrative | $91M |
| SG&A Expenses | $361M |
| Other Expenses | -$298M |
| Operating Expenses | $63M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | -$186M |
| Interest Income | $6M |
| Interest Expense | $16M |
| Other Income/Expenses | $56M |
| INCOME BEFORE TAX | -$130M |
| Income Tax Expense | $72M |
| Net Income from Continuing Ops | -$202M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$202M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$202M |
| D&A | $132M |
| EBIT | -$114M |
| EBITDA | $18M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$202M |
| Depreciation & Amortization | $132M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$29M |
| Change in Working Capital | $155M |
| OPERATING CASH FLOW | $56M |
| Capital Expenditure | -$90M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$86M |
| Net Debt Issuance | -$747.0K |
| Common Stock Repurchased | -$41M |
| Common Dividends Paid | -$25M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$69M |
| FREE CASH FLOW | -$34M |
| Net Change in Cash | -$102M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $545M |
| Short-Term Investments | $0 |
| Net Receivables | $380M |
| Inventory | $791M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $3.8B |
| Goodwill | $0 |
| Intangible Assets | $3.5B |
| Long-Term Investments | $0 |
| Tax Assets | $999.0K |
| Other Non-Current Assets | -$458M |
| TOTAL NON-CURRENT ASSETS | $6.8B |
| TOTAL ASSETS | $8.6B |
| Account Payables | $673M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $53M |
| TOTAL CURRENT LIABILITIES | $740M |
| Long-Term Debt | $300M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $557M |
| Other Non-Current Liabilities | $341M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $2.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $4.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$282M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.6B |
| TOTAL LIABILITIES & EQUITY | $8.6B |
| Total Debt | $323M |
| Net Debt | -$223M |
