Q4 2025 Earnings

Reported December 30, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q4 2025	Q3 2025	Q4 2024	QoQ Change	YoY Change
Revenue	$3.3B	—	—	—	—
Op. Income	$558M	—	—	—	—
Gross Margin	59.3%	—	—	—	—
Net Margin	13.5%	—	—	—	—
EPS (Diluted)	$1.86	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$427M
SG&A Expenses	$427M
Other Expenses	$957M
Operating Expenses	$1.4B
Cost & Expenses	$2.7B
OPERATING INCOME	$558M
Interest Income	$2.3B
Interest Expense	$899M
Other Income/Expenses	$0
INCOME BEFORE TAX	$558M
Income Tax Expense	$191M
Net Income from Continuing Ops	$367M
Net Income from Discontinued Ops	$0
Other Adjustments	$89M
NET INCOME	$444M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$444M
D&A	$0
EBIT	$558M
EBITDA	$558M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$427M
SG&A Expenses	$427M
Other Expenses	$957M
Operating Expenses	$1.4B
Cost & Expenses	$2.7B
OPERATING INCOME	$558M
Interest Income	$2.3B
Interest Expense	$899M
Other Income/Expenses	$0
INCOME BEFORE TAX	$558M
Income Tax Expense	$191M
Net Income from Continuing Ops	$367M
Net Income from Discontinued Ops	$0
Other Adjustments	$89M
NET INCOME	$444M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$444M
D&A	$0
EBIT	$558M
EBITDA	$558M
EPS	$2
EPS Diluted	$2

Balance Sheet

Item	Amount
Cash & Equivalents	$6.4B
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$6.4B
PP&E (Net)	$1.9B
Goodwill	$0
Intangible Assets	$710M
Long-Term Investments	$83.7B
Tax Assets	$490M
Other Non-Current Assets	$13.2B
TOTAL NON-CURRENT ASSETS	$99.9B
TOTAL ASSETS	$106.3B
Account Payables	$0
Short-Term Debt	$189M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$189M
Long-Term Debt	$4.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$813M
Other Non-Current Liabilities	$88.6B
TOTAL NON-CURRENT LIABILITIES	$94.7B
TOTAL LIABILITIES	$94.8B
Common Stock	$135M
Additional Paid-In Capital	$1.4B
Retained Earnings	$2.0B
Treasury Stock	$0
Accum. Other Comp. Income	$7.6B
Other Equity	$283
TOTAL STOCKHOLDERS' EQUITY	$11.1B
Minority Interest	$347M
TOTAL EQUITY	$11.5B
TOTAL LIABILITIES & EQUITY	$106.3B
Total Debt	$5.4B
Net Debt	-$959M