| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $382M | $459M | $464M | -16.8% | -17.8% |
| Op. Income | $58M | -$5M | -$433M | 1313.3% | 113.3% |
| Gross Margin | 4.1% | 9.0% | 12.1% | -4.9pp | -8.0pp |
| Net Margin | 10.5% | -2.1% | -71.2% | 12.6pp | 81.6pp |
| EPS (Diluted) | $0.97 | $-0.23 | $-7.53 | 521.7% | 112.9% |
| Free Cash Flow | $80M | -$22M | $28M | 462.3% | 183.2% |
| Item | Amount |
|---|---|
| REVENUE | $382M |
| Cost of Revenue | $366M |
| GROSS PROFIT | $16M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | -$51M |
| SG&A Expenses | -$45M |
| Other Expenses | $3M |
| Operating Expenses | -$42M |
| Cost & Expenses | $324M |
| OPERATING INCOME | $58M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $52M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $15M |
| EBIT | $57M |
| EBITDA | $72M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $382M |
| Cost of Revenue | $366M |
| GROSS PROFIT | $16M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | -$51M |
| SG&A Expenses | -$45M |
| Other Expenses | $3M |
| Operating Expenses | -$42M |
| Cost & Expenses | $324M |
| OPERATING INCOME | $58M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $52M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $15M |
| EBIT | $57M |
| EBITDA | $72M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $40M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $22M |
| OPERATING CASH FLOW | $85M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$12M |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$26M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$24M |
| FREE CASH FLOW | $80M |
| Net Change in Cash | $34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $92M |
| Short-Term Investments | $0 |
| Net Receivables | $161M |
| Inventory | $220M |
| Other Current Assets | $51M |
| TOTAL CURRENT ASSETS | $603M |
| PP&E (Net) | $322M |
| Goodwill | $197M |
| Intangible Assets | $66M |
| Long-Term Investments | $7M |
| Tax Assets | $5M |
| Other Non-Current Assets | $150M |
| TOTAL NON-CURRENT ASSETS | $746M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $183M |
| Short-Term Debt | $0 |
| Deferred Revenue | $36M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $447M |
| Long-Term Debt | $423M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $60M |
| TOTAL NON-CURRENT LIABILITIES | $483M |
| TOTAL LIABILITIES | $930M |
| Common Stock | $787.0K |
| Additional Paid-In Capital | $698M |
| Retained Earnings | $357M |
| Treasury Stock | -$637M |
| Accum. Other Comp. Income | -$465.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $419M |
| Minority Interest | $1M |
| TOTAL EQUITY | $420M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $436M |
| Net Debt | $344M |
