| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $1.0B | 2.3% | 7.1% |
| Op. Income | $279M | $247M | $222M | 12.7% | 25.7% |
| Gross Margin | 67.1% | 64.0% | 62.3% | 3.0pp | 4.7pp |
| Net Margin | 20.8% | 19.2% | 16.9% | 1.6pp | 3.9pp |
| EPS (Diluted) | $3.53 | $3.14 | $2.51 | 12.4% | 40.6% |
| Free Cash Flow | $221M | $141M | $139M | 56.7% | 58.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $370M |
| GROSS PROFIT | $754M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $264M |
| SG&A Expenses | $264M |
| Other Expenses | $212M |
| Operating Expenses | $476M |
| Cost & Expenses | $846M |
| OPERATING INCOME | $279M |
| Interest Income | $955M |
| Interest Expense | $298M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $279M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $234M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $234M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $234M |
| D&A | $0 |
| EBIT | $279M |
| EBITDA | $279M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $370M |
| GROSS PROFIT | $754M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $264M |
| SG&A Expenses | $264M |
| Other Expenses | $212M |
| Operating Expenses | $476M |
| Cost & Expenses | $846M |
| OPERATING INCOME | $279M |
| Interest Income | $955M |
| Interest Expense | $298M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $279M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $234M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $234M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $234M |
| D&A | $0 |
| EBIT | $279M |
| EBITDA | $279M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $234M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$20M |
| Other Non-Cash Items | -$969.0K |
| Change in Working Capital | $38M |
| OPERATING CASH FLOW | $268M |
| Capital Expenditure | -$47M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$8.5B |
| Sales/Maturities of Investments | $9.3B |
| Other Investing Activities | -$676M |
| NET CASH FROM INVESTING | $79M |
| Net Debt Issuance | $218M |
| Common Stock Repurchased | -$148M |
| Common Dividends Paid | -$51M |
| Other Financing Activities | -$344M |
| NET CASH FROM FINANCING | -$322M |
| FREE CASH FLOW | $221M |
| Net Change in Cash | $26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $403M |
| Short-Term Investments | $37M |
| Net Receivables | $245.0K |
| Inventory | $0 |
| Other Current Assets | -$99M |
| TOTAL CURRENT ASSETS | $439M |
| PP&E (Net) | $686M |
| Goodwill | $790M |
| Intangible Assets | $5M |
| Long-Term Investments | $71.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.8B |
| TOTAL NON-CURRENT ASSETS | $74.9B |
| TOTAL ASSETS | $75.3B |
| Account Payables | $741M |
| Short-Term Debt | $689M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $66.5B |
| TOTAL CURRENT LIABILITIES | $68.0B |
| Long-Term Debt | $760M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $207M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $69.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $4.9B |
| Retained Earnings | $5.2B |
| Treasury Stock | -$2.7B |
| Accum. Other Comp. Income | -$1.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.2B |
| TOTAL LIABILITIES & EQUITY | $75.3B |
| Total Debt | $1.6B |
| Net Debt | $1.2B |
