| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $311M | $305M | $310M | 2.2% | 0.6% |
| Op. Income | $210M | $215M | $229M | -2.2% | -8.6% |
| Gross Margin | 71.5% | 74.4% | 78.1% | -2.9pp | -6.6pp |
| Net Margin | 52.5% | 55.1% | 58.4% | -2.6pp | -5.9pp |
| EPS (Diluted) | $1.10 | $1.11 | $1.15 | -0.9% | -4.3% |
| Free Cash Flow | $192M | $120M | $188M | 60.7% | 2.1% |
| Item | Amount |
|---|---|
| REVENUE | $311M |
| Cost of Revenue | $89M |
| GROSS PROFIT | $223M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $13M |
| Operating Expenses | $13M |
| Cost & Expenses | $102M |
| OPERATING INCOME | $210M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $210M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $163M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $163M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $163M |
| D&A | $0 |
| EBIT | $223M |
| EBITDA | $223M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $311M |
| Cost of Revenue | $89M |
| GROSS PROFIT | $223M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $13M |
| Operating Expenses | $13M |
| Cost & Expenses | $102M |
| OPERATING INCOME | $210M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $210M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $163M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $163M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $163M |
| D&A | $0 |
| EBIT | $223M |
| EBITDA | $223M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $163M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | -$67.0K |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | $192M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$414M |
| Sales/Maturities of Investments | $295M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$121M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$106M |
| Common Dividends Paid | -$31M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$140M |
| FREE CASH FLOW | $192M |
| Net Change in Cash | -$69M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $544M |
| Short-Term Investments | $0 |
| Net Receivables | $49M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $592M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $6.1B |
| Tax Assets | $23M |
| Other Non-Current Assets | $191M |
| TOTAL NON-CURRENT ASSETS | $6.3B |
| TOTAL ASSETS | $6.9B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $96M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $96M |
| Long-Term Debt | $744M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $719M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $3.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$42M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.3B |
| TOTAL LIABILITIES & EQUITY | $6.9B |
| Total Debt | $744M |
| Net Debt | $201M |
