| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $2.1B | $2.0B | -28.7% | -23.0% |
| Op. Income | $784M | $742M | $612M | 5.6% | 28.2% |
| Gross Margin | 77.9% | 74.6% | 66.9% | 3.3pp | 11.0pp |
| Net Margin | 32.9% | 24.6% | 22.2% | 8.3pp | 10.7pp |
| EPS (Diluted) | $6.33 | $6.60 | $5.55 | -4.1% | 14.1% |
| Free Cash Flow | $645M | $1.7B | $0 | -63.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $339M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $61M |
| General & Administrative | $688M |
| SG&A Expenses | $749M |
| Other Expenses | -$339M |
| Operating Expenses | $410M |
| Cost & Expenses | $749M |
| OPERATING INCOME | $784M |
| Interest Income | $1.0B |
| Interest Expense | $225M |
| Other Income/Expenses | -$58M |
| INCOME BEFORE TAX | $726M |
| Income Tax Expense | $211M |
| NET INCOME | $504M |
| D&A | $64M |
| EBIT | $784M |
| EBITDA | $847M |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $339M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $61M |
| General & Administrative | $688M |
| SG&A Expenses | $749M |
| Other Expenses | -$339M |
| Operating Expenses | $410M |
| Cost & Expenses | $749M |
| OPERATING INCOME | $784M |
| Interest Income | $1.0B |
| Interest Expense | $225M |
| Other Income/Expenses | -$58M |
| INCOME BEFORE TAX | $726M |
| Income Tax Expense | $211M |
| NET INCOME | $504M |
| D&A | $64M |
| EBIT | $784M |
| EBITDA | $847M |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| Net Income | $504M |
| Depreciation & Amortization | $64M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $263M |
| Change in Working Capital | -$171M |
| OPERATING CASH FLOW | $671M |
| Capital Expenditure | -$27M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$46M |
| NET CASH FROM INVESTING | -$73M |
| Net Debt Issuance | -$1.1B |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $32M |
| Other Financing Activities | $1.1B |
| NET CASH FROM FINANCING | $62M |
| FREE CASH FLOW | $645M |
| Net Change in Cash | $469M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12.5B |
| Short-Term Investments | $11.0B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $23.5B |
| PP&E (Net) | $789M |
| Goodwill | $374M |
| Intangible Assets | $957M |
| Long-Term Investments | $43.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.5B |
| TOTAL NON-CURRENT ASSETS | $50.4B |
| TOTAL ASSETS | $73.9B |
| Account Payables | $245M |
| Short-Term Debt | $2.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $45.9B |
| TOTAL CURRENT LIABILITIES | $49.1B |
| Long-Term Debt | $6.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7.3B |
| TOTAL NON-CURRENT LIABILITIES | $14.0B |
| TOTAL LIABILITIES | $63.1B |
| Common Stock | $382M |
| Additional Paid-In Capital | $40M |
| Retained Earnings | $10.1B |
| Treasury Stock | -$61M |
| Accum. Other Comp. Income | $102M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.6B |
| Minority Interest | $201M |
| TOTAL EQUITY | $10.8B |
| TOTAL LIABILITIES & EQUITY | $73.9B |
| Total Debt | $9.7B |
| Net Debt | -$2.7B |
