| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $457M | $438M | $361M | 4.3% | 26.7% |
| Op. Income | $232M | $216M | $183M | 7.3% | 26.5% |
| Gross Margin | 56.4% | 54.2% | 43.5% | 2.2pp | 12.9pp |
| Net Margin | 59.8% | 36.4% | 23.4% | 23.4pp | 36.4pp |
| EPS (Diluted) | $0.65 | $0.38 | $0.20 | 71.1% | 225.0% |
| Free Cash Flow | $126M | $78M | $59M | 61.9% | 114.3% |
| Item | Amount |
|---|---|
| REVENUE | $457M |
| Cost of Revenue | $199M |
| GROSS PROFIT | $258M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $26M |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $26M |
| Cost & Expenses | $225M |
| OPERATING INCOME | $232M |
| Interest Income | $4M |
| Interest Expense | $296.7K |
| Other Income/Expenses | $135M |
| INCOME BEFORE TAX | $367M |
| Income Tax Expense | $94M |
| Net Income from Continuing Ops | $273M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $273M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $273M |
| D&A | $54M |
| EBIT | $368M |
| EBITDA | $421M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $457M |
| Cost of Revenue | $199M |
| GROSS PROFIT | $258M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $26M |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $26M |
| Cost & Expenses | $225M |
| OPERATING INCOME | $232M |
| Interest Income | $4M |
| Interest Expense | $296.7K |
| Other Income/Expenses | $135M |
| INCOME BEFORE TAX | $367M |
| Income Tax Expense | $94M |
| Net Income from Continuing Ops | $273M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $273M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $273M |
| D&A | $54M |
| EBIT | $368M |
| EBITDA | $421M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $273M |
| Depreciation & Amortization | $54M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $49M |
| Other Non-Cash Items | -$125M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $260M |
| Capital Expenditure | -$134M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $1.6K |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | -$185.2K |
| NET CASH FROM INVESTING | -$128M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $78.2K |
| Common Dividends Paid | -$10M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | $126M |
| Net Change in Cash | $117M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $463M |
| Short-Term Investments | $46M |
| Net Receivables | $31M |
| Inventory | $226M |
| Other Current Assets | $243M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $4.8B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $30M |
| Other Non-Current Assets | $93M |
| TOTAL NON-CURRENT ASSETS | $5.0B |
| TOTAL ASSETS | $6.0B |
| Account Payables | $236M |
| Short-Term Debt | $13M |
| Deferred Revenue | $30M |
| Other Current Liabilities | $193M |
| TOTAL CURRENT LIABILITIES | $588M |
| Long-Term Debt | $250M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $789M |
| Other Non-Current Liabilities | $303M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $4.1B |
| Additional Paid-In Capital | $87M |
| Retained Earnings | -$190M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $6.0B |
| Total Debt | $276M |
| Net Debt | -$187M |
