| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $295M | $260M | $264M | 13.4% | 11.8% |
| Op. Income | $96M | $60M | $53M | 58.2% | 81.7% |
| Gross Margin | 70.5% | 64.6% | 59.8% | 5.9pp | 10.6pp |
| Net Margin | 18.1% | 18.3% | 15.3% | -0.2pp | 2.8pp |
| EPS (Diluted) | $1.20 | $1.06 | $0.93 | 13.2% | 29.0% |
| Free Cash Flow | $56M | $73M | -$24M | -23.4% | 333.2% |
| Item | Amount |
|---|---|
| REVENUE | $295M |
| Cost of Revenue | $87M |
| GROSS PROFIT | $208M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $65M |
| SG&A Expenses | $67M |
| Other Expenses | $46M |
| Operating Expenses | $112M |
| Cost & Expenses | $199M |
| OPERATING INCOME | $96M |
| Interest Income | $228M |
| Interest Expense | $91M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | $68M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $48M |
| D&A | $8M |
| EBIT | $96M |
| EBITDA | $103M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $295M |
| Cost of Revenue | $87M |
| GROSS PROFIT | $208M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $65M |
| SG&A Expenses | $67M |
| Other Expenses | $46M |
| Operating Expenses | $112M |
| Cost & Expenses | $199M |
| OPERATING INCOME | $96M |
| Interest Income | $228M |
| Interest Expense | $91M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | $68M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $48M |
| D&A | $8M |
| EBIT | $96M |
| EBITDA | $103M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $53M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$51M |
| Change in Working Capital | $24M |
| OPERATING CASH FLOW | $38M |
| Capital Expenditure | $17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $275M |
| Sales/Maturities of Investments | -$169M |
| Other Investing Activities | -$186M |
| NET CASH FROM INVESTING | -$71M |
| Net Debt Issuance | -$25.0K |
| Common Stock Repurchased | -$135.0K |
| Common Dividends Paid | -$28M |
| Other Financing Activities | $282M |
| NET CASH FROM FINANCING | $249M |
| FREE CASH FLOW | $56M |
| Net Change in Cash | $217M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $985M |
| Short-Term Investments | $2.5B |
| Net Receivables | $176M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.7B |
| PP&E (Net) | $196M |
| Goodwill | $13M |
| Intangible Assets | $18M |
| Long-Term Investments | $19.3B |
| Tax Assets | $160M |
| Other Non-Current Assets | $588M |
| TOTAL NON-CURRENT ASSETS | $20.4B |
| TOTAL ASSETS | $24.0B |
| Account Payables | $28M |
| Short-Term Debt | $50M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20.7B |
| TOTAL CURRENT LIABILITIES | $20.8B |
| Long-Term Debt | $558M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $785M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $22.2B |
| Common Stock | $587.0K |
| Additional Paid-In Capital | $660M |
| Retained Earnings | $2.2B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$276M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $24.0B |
| Total Debt | $700M |
| Net Debt | -$285M |
