| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.0B | $3.1B | $2.8B | -2.0% | 7.5% |
| Op. Income | $498M | $575M | $473M | -13.4% | 5.3% |
| Gross Margin | 24.5% | 27.4% | 25.5% | -2.9pp | -1.0pp |
| Net Margin | 12.7% | 14.2% | 13.9% | -1.5pp | -1.1pp |
| EPS (Diluted) | $0.29 | $0.32 | $0.28 | -9.4% | 3.6% |
| Free Cash Flow | $406M | $401M | $299M | 1.4% | 35.9% |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $736M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $147M |
| SG&A Expenses | $147M |
| Other Expenses | $91M |
| Operating Expenses | $237M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $498M |
| Interest Income | $20M |
| Interest Expense | $0 |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $497M |
| Income Tax Expense | $115M |
| Net Income from Continuing Ops | $382M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $382M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $382M |
| D&A | $91M |
| EBIT | $498M |
| EBITDA | $589M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $736M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $147M |
| SG&A Expenses | $147M |
| Other Expenses | $91M |
| Operating Expenses | $237M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $498M |
| Interest Income | $20M |
| Interest Expense | $0 |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $497M |
| Income Tax Expense | $115M |
| Net Income from Continuing Ops | $382M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $382M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $382M |
| D&A | $91M |
| EBIT | $498M |
| EBITDA | $589M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $382M |
| Depreciation & Amortization | $91M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | $104M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$33M |
| OPERATING CASH FLOW | $570M |
| Capital Expenditure | -$163M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $157M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$687M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$14M |
| NET CASH FROM FINANCING | -$700M |
| FREE CASH FLOW | $406M |
| Net Change in Cash | -$146M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $699M |
| Short-Term Investments | $723M |
| Net Receivables | $206M |
| Inventory | $46M |
| Other Current Assets | $101M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $7.0B |
| Goodwill | $22M |
| Intangible Assets | $0 |
| Long-Term Investments | $407M |
| Tax Assets | $0 |
| Other Non-Current Assets | $100M |
| TOTAL NON-CURRENT ASSETS | $7.5B |
| TOTAL ASSETS | $9.3B |
| Account Payables | $260M |
| Short-Term Debt | $0 |
| Deferred Revenue | $207M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $140M |
| Other Non-Current Liabilities | $82M |
| TOTAL NON-CURRENT LIABILITIES | $4.9B |
| TOTAL LIABILITIES | $6.1B |
| Common Stock | $13M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $9.3B |
| Total Debt | $5.0B |
| Net Debt | $4.3B |
