| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $844M | $843M | $879M | 0.2% | -4.0% |
| Op. Income | $177M | $181M | $173M | -2.3% | 1.9% |
| Gross Margin | 63.4% | 62.7% | 57.5% | 0.7pp | 6.0pp |
| Net Margin | 16.7% | 16.6% | 15.9% | 0.1pp | 0.8pp |
| EPS (Diluted) | $2.22 | $2.19 | $2.18 | 1.4% | 1.8% |
| Free Cash Flow | $839M | $61M | $210M | 1278.4% | 300.2% |
| Item | Amount |
|---|---|
| REVENUE | $844M |
| Cost of Revenue | $309M |
| GROSS PROFIT | $536M |
| R&D Expenses | $0 |
| Selling & Marketing | $10M |
| General & Administrative | $232M |
| SG&A Expenses | $242M |
| Other Expenses | $117M |
| Operating Expenses | $359M |
| Cost & Expenses | $668M |
| OPERATING INCOME | $177M |
| Interest Income | $644M |
| Interest Expense | $307M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $177M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $141M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $141M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $139M |
| D&A | $28M |
| EBIT | $177M |
| EBITDA | $205M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $844M |
| Cost of Revenue | $309M |
| GROSS PROFIT | $536M |
| R&D Expenses | $0 |
| Selling & Marketing | $10M |
| General & Administrative | $232M |
| SG&A Expenses | $242M |
| Other Expenses | $117M |
| Operating Expenses | $359M |
| Cost & Expenses | $668M |
| OPERATING INCOME | $177M |
| Interest Income | $644M |
| Interest Expense | $307M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $177M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $141M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $141M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $139M |
| D&A | $28M |
| EBIT | $177M |
| EBITDA | $205M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $141M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$48M |
| Change in Working Capital | $742M |
| OPERATING CASH FLOW | $868M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$791M |
| Sales/Maturities of Investments | $811M |
| Other Investing Activities | -$550M |
| NET CASH FROM INVESTING | -$531M |
| Net Debt Issuance | -$622M |
| Common Stock Repurchased | -$41M |
| Common Dividends Paid | -$36M |
| Other Financing Activities | $429M |
| NET CASH FROM FINANCING | -$270M |
| FREE CASH FLOW | $839M |
| Net Change in Cash | $67M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $3.2B |
| Net Receivables | $353M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.0B |
| PP&E (Net) | $636M |
| Goodwill | $1.0B |
| Intangible Assets | $364M |
| Long-Term Investments | $26.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $16.3B |
| TOTAL NON-CURRENT ASSETS | $45.2B |
| TOTAL ASSETS | $50.2B |
| Account Payables | $312M |
| Short-Term Debt | $999M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $38.5B |
| TOTAL CURRENT LIABILITIES | $39.8B |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $4.4B |
| TOTAL LIABILITIES | $44.2B |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $5.9B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$227M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.0B |
| Minority Interest | $2M |
| TOTAL EQUITY | $6.0B |
| TOTAL LIABILITIES & EQUITY | $50.2B |
| Total Debt | $4.2B |
| Net Debt | $2.8B |
