| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $395M | $288M | $324M | 37.0% | 22.0% |
| Op. Income | $328M | $56M | $55M | 480.9% | 497.8% |
| Gross Margin | 34.5% | 30.3% | 33.1% | 4.2pp | 1.4pp |
| Net Margin | 73.9% | 23.8% | 8.9% | 50.2pp | 65.1pp |
| EPS (Diluted) | $1.39 | $0.32 | $0.13 | 334.4% | 969.2% |
| Free Cash Flow | $99M | -$26M | $37M | 485.7% | 163.3% |
| Item | Amount |
|---|---|
| REVENUE | $395M |
| Cost of Revenue | $259M |
| GROSS PROFIT | $136M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $15M |
| SG&A Expenses | $18M |
| Other Expenses | -$210M |
| Operating Expenses | -$192M |
| Cost & Expenses | $67M |
| OPERATING INCOME | $328M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $24M |
| INCOME BEFORE TAX | $352M |
| Income Tax Expense | $60M |
| Net Income from Continuing Ops | $292M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $292M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | $294M |
| D&A | $36M |
| EBIT | $355M |
| EBITDA | $391M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $395M |
| Cost of Revenue | $259M |
| GROSS PROFIT | $136M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $15M |
| SG&A Expenses | $18M |
| Other Expenses | -$210M |
| Operating Expenses | -$192M |
| Cost & Expenses | $67M |
| OPERATING INCOME | $328M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $24M |
| INCOME BEFORE TAX | $352M |
| Income Tax Expense | $60M |
| Net Income from Continuing Ops | $292M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $292M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | $294M |
| D&A | $36M |
| EBIT | $355M |
| EBITDA | $391M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $292M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $60M |
| Other Non-Cash Items | -$262M |
| Change in Working Capital | $27M |
| OPERATING CASH FLOW | $162M |
| Capital Expenditure | -$63M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$25M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $49.0K |
| NET CASH FROM INVESTING | -$88M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$22M |
| Common Dividends Paid | -$10M |
| Other Financing Activities | -$505.0K |
| NET CASH FROM FINANCING | -$34M |
| FREE CASH FLOW | $99M |
| Net Change in Cash | $39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $562M |
| Short-Term Investments | $6M |
| Net Receivables | $193M |
| Inventory | $294M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $1.4B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $182M |
| Tax Assets | $30M |
| Other Non-Current Assets | $38M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $320M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $371M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $24M |
| Deferred Tax Liabilities | $10M |
| Other Non-Current Liabilities | $334M |
| TOTAL NON-CURRENT LIABILITIES | $380M |
| TOTAL LIABILITIES | $751M |
| Common Stock | $767M |
| Additional Paid-In Capital | $33M |
| Retained Earnings | $1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$29M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $18M |
| Net Debt | -$544M |
