| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $556M | $542M | $619M | 2.6% | -10.2% |
| Op. Income | $146M | $132M | $168M | 10.6% | -13.0% |
| Gross Margin | 53.6% | 52.2% | 51.3% | 1.4pp | 2.3pp |
| Net Margin | 20.9% | 18.8% | 22.4% | 2.0pp | -1.5pp |
| EPS (Diluted) | $2.11 | $1.83 | $2.50 | 15.3% | -15.6% |
| Free Cash Flow | $212M | $5M | $304M | 3763.2% | -30.2% |
| Item | Amount |
|---|---|
| REVENUE | $556M |
| Cost of Revenue | $258M |
| GROSS PROFIT | $298M |
| R&D Expenses | $113M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $39M |
| Other Expenses | $0 |
| Operating Expenses | $152M |
| Cost & Expenses | $410M |
| OPERATING INCOME | $146M |
| Interest Income | $8M |
| Interest Expense | $218.0K |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $154M |
| Income Tax Expense | $38M |
| Net Income from Continuing Ops | $116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $116M |
| D&A | $13M |
| EBIT | $154M |
| EBITDA | $167M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $556M |
| Cost of Revenue | $258M |
| GROSS PROFIT | $298M |
| R&D Expenses | $113M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $39M |
| Other Expenses | $0 |
| Operating Expenses | $152M |
| Cost & Expenses | $410M |
| OPERATING INCOME | $146M |
| Interest Income | $8M |
| Interest Expense | $218.0K |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $154M |
| Income Tax Expense | $38M |
| Net Income from Continuing Ops | $116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $116M |
| D&A | $13M |
| EBIT | $154M |
| EBITDA | $167M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $116M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | -$10.0K |
| Change in Working Capital | $61M |
| OPERATING CASH FLOW | $219M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$45M |
| Sales/Maturities of Investments | $12M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$39M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$99M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$99M |
| FREE CASH FLOW | $212M |
| Net Change in Cash | $81M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $526M |
| Short-Term Investments | $38M |
| Net Receivables | $262M |
| Inventory | $276M |
| Other Current Assets | $32M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $293M |
| Goodwill | $436M |
| Intangible Assets | $24M |
| Long-Term Investments | $253M |
| Tax Assets | $41M |
| Other Non-Current Assets | $66M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $2.4B |
| Account Payables | $78M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $211M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $65M |
| TOTAL NON-CURRENT LIABILITIES | $190M |
| TOTAL LIABILITIES | $400M |
| Common Stock | $53.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $124M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $146M |
| Net Debt | -$380M |
