| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.1B | $2.4B | $1.8B | 26.9% | 75.3% |
| Op. Income | $1.5B | $1.0B | $644M | 47.0% | 134.2% |
| Gross Margin | 50.6% | 49.3% | 44.4% | 1.3pp | 6.2pp |
| Net Margin | 27.9% | 27.7% | 26.9% | 0.2pp | 1.0pp |
| EPS (Diluted) | $1.68 | $1.31 | $1.03 | 28.2% | 63.1% |
| Free Cash Flow | $917M | $1.1B | $357M | -14.9% | 156.8% |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $45M |
| Other Expenses | $0 |
| Operating Expenses | $45M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $1.5B |
| Interest Income | $38M |
| Interest Expense | $54M |
| Other Income/Expenses | -$64M |
| INCOME BEFORE TAX | $1.4B |
| Income Tax Expense | $433M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $855M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $855M |
| D&A | $0 |
| EBIT | $1.5B |
| EBITDA | $1.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $45M |
| Other Expenses | $0 |
| Operating Expenses | $45M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $1.5B |
| Interest Income | $38M |
| Interest Expense | $54M |
| Other Income/Expenses | -$64M |
| INCOME BEFORE TAX | $1.4B |
| Income Tax Expense | $433M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $855M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $855M |
| D&A | $0 |
| EBIT | $1.5B |
| EBITDA | $1.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $855M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $662M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $1.5B |
| Capital Expenditure | -$601M |
| Acquisitions (Net) | $66M |
| Purchases of Investments | $4M |
| Sales/Maturities of Investments | $79M |
| Other Investing Activities | -$324.7K |
| NET CASH FROM INVESTING | -$451M |
| Net Debt Issuance | -$67M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$656M |
| Other Financing Activities | -$27M |
| NET CASH FROM FINANCING | -$750M |
| FREE CASH FLOW | $917M |
| Net Change in Cash | $358M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.9B |
| Short-Term Investments | $0 |
| Net Receivables | $136M |
| Inventory | $1.1B |
| Other Current Assets | $507M |
| TOTAL CURRENT ASSETS | $4.6B |
| PP&E (Net) | $8.7B |
| Goodwill | $0 |
| Intangible Assets | $106M |
| Long-Term Investments | $982M |
| Tax Assets | $106M |
| Other Non-Current Assets | $535M |
| TOTAL NON-CURRENT ASSETS | $10.4B |
| TOTAL ASSETS | $15.1B |
| Account Payables | $1.0B |
| Short-Term Debt | $101M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $141M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $600M |
| Other Non-Current Liabilities | $607M |
| TOTAL NON-CURRENT LIABILITIES | $3.5B |
| TOTAL LIABILITIES | $5.2B |
| Common Stock | $554M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $7.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.1B |
| Minority Interest | $1.8B |
| TOTAL EQUITY | $9.9B |
| TOTAL LIABILITIES & EQUITY | $15.1B |
| Total Debt | $2.4B |
| Net Debt | -$492M |
