| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $286M | $292M | $170M | -2.3% | 67.6% |
| Op. Income | $77M | $65M | $43M | 19.8% | 81.6% |
| Gross Margin | 69.1% | 65.8% | 69.5% | 3.3pp | -0.5pp |
| Net Margin | 20.0% | 16.2% | 18.8% | 3.8pp | 1.2pp |
| EPS (Diluted) | $0.94 | $0.52 | $0.55 | 80.8% | 70.9% |
| Free Cash Flow | $54M | $46M | $59M | 18.7% | -7.9% |
| Item | Amount |
|---|---|
| REVENUE | $286M |
| Cost of Revenue | $88M |
| GROSS PROFIT | $197M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $77M |
| SG&A Expenses | $77M |
| Other Expenses | $43M |
| Operating Expenses | $120M |
| Cost & Expenses | $208M |
| OPERATING INCOME | $77M |
| Interest Income | $244M |
| Interest Expense | $89M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $77M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $57M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $57M |
| D&A | $8M |
| EBIT | $77M |
| EBITDA | $85M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $286M |
| Cost of Revenue | $88M |
| GROSS PROFIT | $197M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $77M |
| SG&A Expenses | $77M |
| Other Expenses | $43M |
| Operating Expenses | $120M |
| Cost & Expenses | $208M |
| OPERATING INCOME | $77M |
| Interest Income | $244M |
| Interest Expense | $89M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $77M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $57M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $57M |
| D&A | $8M |
| EBIT | $77M |
| EBITDA | $85M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $57M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $915.0K |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $62M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $171M |
| Other Investing Activities | $203M |
| NET CASH FROM INVESTING | $357M |
| Net Debt Issuance | -$99.0K |
| Common Stock Repurchased | -$14M |
| Common Dividends Paid | -$27M |
| Other Financing Activities | -$745M |
| NET CASH FROM FINANCING | -$786M |
| FREE CASH FLOW | $54M |
| Net Change in Cash | -$367M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $385M |
| Short-Term Investments | $45M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $430M |
| PP&E (Net) | $220M |
| Goodwill | $383M |
| Intangible Assets | $102M |
| Long-Term Investments | $16.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $765M |
| TOTAL NON-CURRENT ASSETS | $17.8B |
| TOTAL ASSETS | $18.2B |
| Account Payables | $0 |
| Short-Term Debt | $147M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $15.1B |
| TOTAL CURRENT LIABILITIES | $15.2B |
| Long-Term Debt | $267M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $218M |
| TOTAL NON-CURRENT LIABILITIES | $522M |
| TOTAL LIABILITIES | $15.7B |
| Common Stock | $93.0K |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $303M |
| Treasury Stock | -$91M |
| Accum. Other Comp. Income | -$137M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $18.2B |
| Total Debt | $452M |
| Net Debt | $66M |
