| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.5B | $1.5B | 9.9% | 11.4% |
| Op. Income | $370M | $280M | $227M | 32.0% | 63.0% |
| Gross Margin | 33.4% | 30.0% | 27.2% | 3.4pp | 6.3pp |
| Net Margin | 17.8% | 14.5% | 11.9% | 3.3pp | 5.9pp |
| EPS (Diluted) | $3.74 | $2.72 | $2.04 | 37.5% | 83.3% |
| Free Cash Flow | $674M | -$1.7B | $587M | 140.7% | 14.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $566M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $172M |
| SG&A Expenses | $172M |
| Other Expenses | $25M |
| Operating Expenses | $196M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $370M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $372M |
| Income Tax Expense | $70M |
| Net Income from Continuing Ops | $302M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $302M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $294M |
| D&A | $14M |
| EBIT | $387M |
| EBITDA | $401M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $566M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $172M |
| SG&A Expenses | $172M |
| Other Expenses | $25M |
| Operating Expenses | $196M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $370M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $372M |
| Income Tax Expense | $70M |
| Net Income from Continuing Ops | $302M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $302M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $294M |
| D&A | $14M |
| EBIT | $387M |
| EBITDA | $401M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $302M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$56M |
| Change in Working Capital | $403M |
| OPERATING CASH FLOW | $674M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$2.3B |
| Sales/Maturities of Investments | $1.7B |
| Other Investing Activities | -$20M |
| NET CASH FROM INVESTING | -$566M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$110M |
| Common Dividends Paid | -$34M |
| Other Financing Activities | -$60.0K |
| NET CASH FROM FINANCING | -$152M |
| FREE CASH FLOW | $674M |
| Net Change in Cash | -$51M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $826M |
| Short-Term Investments | $4.9B |
| Net Receivables | $13.5B |
| Inventory | $0 |
| Other Current Assets | -$19.9B |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $93M |
| Goodwill | $66M |
| Intangible Assets | $168M |
| Long-Term Investments | $14.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$14.2B |
| TOTAL NON-CURRENT ASSETS | $328M |
| TOTAL ASSETS | $34.3B |
| Account Payables | $1.9B |
| Short-Term Debt | $109M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$2.1B |
| TOTAL CURRENT LIABILITIES | $109M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $26.7B |
| TOTAL NON-CURRENT LIABILITIES | $27.9B |
| TOTAL LIABILITIES | $28.0B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $7.9B |
| Treasury Stock | -$4.5B |
| Accum. Other Comp. Income | $10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.4B |
| TOTAL LIABILITIES & EQUITY | $34.3B |
| Total Debt | $1.6B |
| Net Debt | $775M |
