| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.1B | $1.2B | 2.8% | -3.4% |
| Op. Income | $196M | $174M | $40M | 12.6% | 390.0% |
| Gross Margin | 56.9% | 57.0% | 50.2% | -0.1pp | 6.7pp |
| Net Margin | 15.9% | 12.1% | 0.2% | 3.8pp | 15.8pp |
| EPS (Diluted) | $3.96 | $2.94 | $0.04 | 34.7% | 10002.0% |
| Free Cash Flow | $597M | $526M | $482M | 13.5% | 23.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $509M |
| GROSS PROFIT | $672M |
| R&D Expenses | $0 |
| Selling & Marketing | $38M |
| General & Administrative | $222M |
| SG&A Expenses | $260M |
| Other Expenses | $216M |
| Operating Expenses | $476M |
| Cost & Expenses | $985M |
| OPERATING INCOME | $196M |
| Interest Income | $1.2B |
| Interest Expense | $210M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $196M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $188M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $188M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $188M |
| D&A | $19M |
| EBIT | $196M |
| EBITDA | $215M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $509M |
| GROSS PROFIT | $672M |
| R&D Expenses | $0 |
| Selling & Marketing | $38M |
| General & Administrative | $222M |
| SG&A Expenses | $260M |
| Other Expenses | $216M |
| Operating Expenses | $476M |
| Cost & Expenses | $985M |
| OPERATING INCOME | $196M |
| Interest Income | $1.2B |
| Interest Expense | $210M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $196M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $188M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $188M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $188M |
| D&A | $19M |
| EBIT | $196M |
| EBITDA | $215M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $188M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $78M |
| Other Non-Cash Items | $320M |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | $605M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | -$339M |
| NET CASH FROM INVESTING | -$338M |
| Net Debt Issuance | -$448M |
| Common Stock Repurchased | -$40M |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $191M |
| NET CASH FROM FINANCING | -$306M |
| FREE CASH FLOW | $597M |
| Net Change in Cash | -$39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.8B |
| Short-Term Investments | $174M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.9B |
| PP&E (Net) | $122M |
| Goodwill | $723M |
| Intangible Assets | $0 |
| Long-Term Investments | $15.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $17.8B |
| TOTAL ASSETS | $21.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $13.5B |
| TOTAL CURRENT LIABILITIES | $13.5B |
| Long-Term Debt | $3.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $4.9B |
| TOTAL LIABILITIES | $18.4B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $21.7B |
| Total Debt | $3.8B |
| Net Debt | $23M |
