Company: JBI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001839839-25-000150
Chunk: 56

Company: Janus International Group, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 56
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 of revenues$271.4$310.3$(38.9)(12.5)%$— $(38.9)(12.5)%Service cost of revenues 70.473.3(2.9)(4.0)%3.9 (6.8)(9.3)%Cost of revenues$341.8$383.6$(41.8)(10.9)%$3.9 $(45.7)(11.9)%

The $9.9 or 8.0% and $41.8 or 10.9% decrease in cost of revenues for the three and nine month periods ended September 27, 2025 compared to the three and nine month periods ended September 28, 2024, respectively, is primarily due to a decrease in overall revenues.

The decrease of product cost of revenues of $0.8 and $38.9 for the three and nine month periods ended September 27, 2025 compared to the three and nine month periods ended September 28, 2024, respectively, is in line with the decline in product revenues.

The decrease in service cost of revenues of $9.1 and $2.9 for the three and nine month periods ended September 27, 2025 compared to the three and nine month periods ended September 28, 2024, respectively, is primarily attributable to the decline in service revenues, which was partially offset by service cost of revenues generated by an acquisition.

Operating Expenses - Selling and marketing

Selling and marketing expenses decreased $0.1 or 0.6% from $16.0 and decreased $1.5 or 3.1% from $48.6 for the three and nine month periods ended September 28, 2024 to $15.9 and $47.1 for the three and nine month periods ended September 27, 2025, respectively. The decrease for the nine month period is due to a decrease in employee related expenses. 

Operating Expenses - General and administrative

General and administrative expenses decreased $6.6 or 16.0% and $4.7 or 4.2% for the three and nine month periods ended September 27, 2025 compared to the three and nine month periods ended September 28, 2024, respectively. The decrease for the three and nine month periods ended September 27, 2025 are primarily a result of the prior period recognition of bad debt expense of $8.