| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.6B | $4.8B | — | -4.7% | — |
| Op. Income | -$2.2B | $479M | — | -560.5% | — |
| Gross Margin | 41.2% | 43.9% | — | -2.6pp | — |
| Net Margin | -36.0% | 22.4% | — | -58.4pp | — |
| EPS (Diluted) | $-4.94 | $2.97 | — | -266.5% | — |
| Free Cash Flow | -$313M | -$683M | — | 54.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $4.6B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $757M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $962M |
| Other Expenses | $2.4B |
| Operating Expenses | $4.1B |
| Cost & Expenses | $6.8B |
| OPERATING INCOME | -$2.2B |
| Interest Income | $282M |
| Interest Expense | $92M |
| Other Income/Expenses | $284M |
| INCOME BEFORE TAX | -$1.9B |
| Income Tax Expense | -$267M |
| Net Income from Continuing Ops | -$1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1.6B |
| D&A | $334M |
| EBIT | $161M |
| EBITDA | $494M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$1.6B |
| Depreciation & Amortization | $334M |
| Stock-Based Compensation | $153M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1.3B |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $184M |
| Capital Expenditure | -$497M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $935M |
| NET CASH FROM INVESTING | $438M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $684M |
| NET CASH FROM FINANCING | $684M |
| FREE CASH FLOW | -$313M |
| Net Change in Cash | $1.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.6B |
| Short-Term Investments | $12.6B |
| Net Receivables | $1.8B |
| Inventory | $0 |
| Other Current Assets | $3.1B |
| TOTAL CURRENT ASSETS | $23.1B |
| PP&E (Net) | $4.9B |
| Goodwill | $5.5B |
| Intangible Assets | $3.5B |
| Long-Term Investments | $23.2B |
| Tax Assets | $769M |
| Other Non-Current Assets | $3.9B |
| TOTAL NON-CURRENT ASSETS | $41.8B |
| TOTAL ASSETS | $64.9B |
| Account Payables | $5.4B |
| Short-Term Debt | $4.0B |
| Deferred Revenue | $2.0B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $12.1B |
| Long-Term Debt | $9.1B |
| Deferred Revenue NC | $125M |
| Deferred Tax Liabilities | $595M |
| Other Non-Current Liabilities | $331M |
| TOTAL NON-CURRENT LIABILITIES | $10.7B |
| TOTAL LIABILITIES | $22.9B |
| Common Stock | $38.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $38.7B |
| Minority Interest | $3.4B |
| TOTAL EQUITY | $42.0B |
| TOTAL LIABILITIES & EQUITY | $64.9B |
| Total Debt | $14.2B |
| Net Debt | $8.6B |
