| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $955M | $703M | 48.5% | 101.6% |
| Op. Income | $636M | $278M | $163M | 128.6% | 290.5% |
| Gross Margin | 50.5% | 37.3% | 31.1% | 13.2pp | 19.4pp |
| Net Margin | 35.9% | 22.9% | 20.9% | 12.9pp | 15.0pp |
| EPS (Diluted) | $10.38 | $4.47 | $3.00 | 132.2% | 246.0% |
| Free Cash Flow | $522M | $93M | $134M | 461.7% | 290.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $702M |
| GROSS PROFIT | $716M |
| R&D Expenses | $0 |
| Selling & Marketing | $35M |
| General & Administrative | $45M |
| SG&A Expenses | $80M |
| Other Expenses | $478.0K |
| Operating Expenses | $80M |
| Cost & Expenses | $782M |
| OPERATING INCOME | $636M |
| Interest Income | $13M |
| Interest Expense | $0 |
| Other Income/Expenses | $27M |
| INCOME BEFORE TAX | $663M |
| Income Tax Expense | $155M |
| Net Income from Continuing Ops | $508M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $509M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $509M |
| D&A | $24M |
| EBIT | $636M |
| EBITDA | $660M |
| EPS | $10 |
| EPS Diluted | $10 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $702M |
| GROSS PROFIT | $716M |
| R&D Expenses | $0 |
| Selling & Marketing | $35M |
| General & Administrative | $45M |
| SG&A Expenses | $80M |
| Other Expenses | $478.0K |
| Operating Expenses | $80M |
| Cost & Expenses | $782M |
| OPERATING INCOME | $636M |
| Interest Income | $13M |
| Interest Expense | $0 |
| Other Income/Expenses | $27M |
| INCOME BEFORE TAX | $663M |
| Income Tax Expense | $155M |
| Net Income from Continuing Ops | $508M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $509M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $509M |
| D&A | $24M |
| EBIT | $636M |
| EBITDA | $660M |
| EPS | $10 |
| EPS Diluted | $10 |
| Item | Amount |
|---|---|
| Net Income | $508M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$924.0K |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $41M |
| OPERATING CASH FLOW | $572M |
| Capital Expenditure | -$50M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | -$312M |
| Sales/Maturities of Investments | $228M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$138M |
| Net Debt Issuance | -$4.0K |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | -$73M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$77M |
| FREE CASH FLOW | $522M |
| Net Change in Cash | $357M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $497M |
| Short-Term Investments | $743M |
| Net Receivables | $428M |
| Inventory | $307M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $1.0B |
| Goodwill | $47M |
| Intangible Assets | $16M |
| Long-Term Investments | $13M |
| Tax Assets | $0 |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $3.1B |
| Account Payables | $170M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $189M |
| TOTAL CURRENT LIABILITIES | $514M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $128M |
| Other Non-Current Liabilities | $52M |
| TOTAL NON-CURRENT LIABILITIES | $180M |
| TOTAL LIABILITIES | $694M |
| Common Stock | $751.0K |
| Additional Paid-In Capital | $80M |
| Retained Earnings | $2.3B |
| Treasury Stock | -$35M |
| Accum. Other Comp. Income | -$757.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $6M |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $3.1B |
| Total Debt | $0 |
| Net Debt | -$497M |
