| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.3B | — | -8.8% | — |
| Op. Income | $343M | $368M | — | -6.8% | — |
| Gross Margin | 47.9% | 52.7% | — | -4.8pp | — |
| Net Margin | 22.7% | 22.8% | — | -0.1pp | — |
| EPS (Diluted) | $0.59 | $0.65 | — | -9.7% | — |
| Free Cash Flow | $603M | $998M | — | -39.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $638M |
| GROSS PROFIT | $587M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $223M |
| SG&A Expenses | $223M |
| Other Expenses | $21M |
| Operating Expenses | $244M |
| Cost & Expenses | $882M |
| OPERATING INCOME | $343M |
| Interest Income | $965M |
| Interest Expense | $476M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $343M |
| Income Tax Expense | $60M |
| Net Income from Continuing Ops | $282M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $279M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $279M |
| D&A | $37M |
| EBIT | $343M |
| EBITDA | $380M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $638M |
| GROSS PROFIT | $587M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $223M |
| SG&A Expenses | $223M |
| Other Expenses | $21M |
| Operating Expenses | $244M |
| Cost & Expenses | $882M |
| OPERATING INCOME | $343M |
| Interest Income | $965M |
| Interest Expense | $476M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $343M |
| Income Tax Expense | $60M |
| Net Income from Continuing Ops | $282M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $279M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $279M |
| D&A | $37M |
| EBIT | $343M |
| EBITDA | $380M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $279M |
| Depreciation & Amortization | $37M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$20M |
| Change in Working Capital | $317M |
| OPERATING CASH FLOW | $612M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$25M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$347M |
| NET CASH FROM FINANCING | -$372M |
| FREE CASH FLOW | $603M |
| Net Change in Cash | $230M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.5B |
| Short-Term Investments | $4.8B |
| Net Receivables | $102.4K |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $9.3B |
| PP&E (Net) | $325M |
| Goodwill | $0 |
| Intangible Assets | $87M |
| Long-Term Investments | $63.2B |
| Tax Assets | $520M |
| Other Non-Current Assets | $3.3B |
| TOTAL NON-CURRENT ASSETS | $67.5B |
| TOTAL ASSETS | $76.8B |
| Account Payables | $836M |
| Short-Term Debt | $3.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $32.2B |
| TOTAL CURRENT LIABILITIES | $36.8B |
| Long-Term Debt | $13.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $21.4B |
| TOTAL NON-CURRENT LIABILITIES | $34.7B |
| TOTAL LIABILITIES | $71.5B |
| Common Stock | $1.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $942M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.2B |
| Minority Interest | $130M |
| TOTAL EQUITY | $5.3B |
| TOTAL LIABILITIES & EQUITY | $76.8B |
| Total Debt | $17.1B |
| Net Debt | $12.7B |
