| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.5B | $1.5B | -1.6% | -3.1% |
| Op. Income | $29M | $43M | $10M | -32.1% | 198.3% |
| Gross Margin | 38.9% | 39.3% | 34.8% | -0.5pp | 4.1pp |
| Net Margin | 0.6% | 0.9% | -1.1% | -0.3pp | 1.7pp |
| EPS (Diluted) | $0.03 | $0.05 | $-0.06 | -33.7% | 154.0% |
| Free Cash Flow | $61M | $54M | -$10M | 12.8% | 689.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $895M |
| GROSS PROFIT | $569M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $540M |
| Other Expenses | $0 |
| Operating Expenses | $540M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $29M |
| Interest Income | $2M |
| Interest Expense | $33M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | -$11M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $50M |
| EBIT | $31M |
| EBITDA | $81M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $50M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $99M |
| Change in Working Capital | -$75M |
| OPERATING CASH FLOW | $90M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | $116.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$29M |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $61M |
| Net Change in Cash | $48M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $237M |
| Short-Term Investments | $0 |
| Net Receivables | $43M |
| Inventory | $618M |
| Other Current Assets | $109M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $3.6B |
| Goodwill | $980M |
| Intangible Assets | $1.0B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | -$1.5B |
| TOTAL NON-CURRENT ASSETS | $4.2B |
| TOTAL ASSETS | $5.2B |
| Account Payables | $430M |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $2.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $221M |
| Other Non-Current Liabilities | -$930M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $281.0K |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $5.2B |
| Total Debt | $4.0B |
| Net Debt | $3.8B |
