| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $996M | $1.1B | $1.1B | -13.3% | -6.2% |
| Op. Income | $208M | -$428M | $270M | 148.6% | -23.0% |
| Gross Margin | 58.5% | 61.7% | 59.6% | -3.2pp | -1.1pp |
| Net Margin | 14.6% | -42.8% | 18.8% | 57.5pp | -4.2pp |
| EPS (Diluted) | $2.70 | $-8.82 | $3.36 | 130.6% | -19.6% |
| Free Cash Flow | $226M | $269M | $279M | -16.0% | -18.9% |
| Item | Amount |
|---|---|
| REVENUE | $996M |
| Cost of Revenue | $413M |
| GROSS PROFIT | $583M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $375M |
| Other Expenses | $0 |
| Operating Expenses | $375M |
| Cost & Expenses | $789M |
| OPERATING INCOME | $208M |
| Interest Income | $531.0K |
| Interest Expense | $112M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $189M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $146M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $146M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $146M |
| D&A | $20M |
| EBIT | $302M |
| EBITDA | $322M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $996M |
| Cost of Revenue | $413M |
| GROSS PROFIT | $583M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $375M |
| Other Expenses | $0 |
| Operating Expenses | $375M |
| Cost & Expenses | $789M |
| OPERATING INCOME | $208M |
| Interest Income | $531.0K |
| Interest Expense | $112M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $189M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $146M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $146M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $146M |
| D&A | $20M |
| EBIT | $302M |
| EBITDA | $322M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $146M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $25M |
| Change in Working Capital | $37M |
| OPERATING CASH FLOW | $239M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | -$63M |
| Common Stock Repurchased | -$208M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$141.0K |
| NET CASH FROM FINANCING | -$271M |
| FREE CASH FLOW | $226M |
| Net Change in Cash | -$47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $154M |
| Short-Term Investments | $0 |
| Net Receivables | $359M |
| Inventory | $397M |
| Other Current Assets | $61M |
| TOTAL CURRENT ASSETS | $971M |
| PP&E (Net) | $585M |
| Goodwill | $405M |
| Intangible Assets | $1.3B |
| Long-Term Investments | $4M |
| Tax Assets | $964M |
| Other Non-Current Assets | $40M |
| TOTAL NON-CURRENT ASSETS | $3.3B |
| TOTAL ASSETS | $4.3B |
| Account Payables | $217M |
| Short-Term Debt | $84M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $200M |
| TOTAL CURRENT LIABILITIES | $692M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $622M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $111.0K |
| Additional Paid-In Capital | $888M |
| Retained Earnings | $3.4B |
| Treasury Stock | -$2.9B |
| Accum. Other Comp. Income | -$42M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $4.3B |
| Total Debt | $1.7B |
| Net Debt | $1.6B |
