| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17.6B | — | $19.4B | — | -9.1% |
| Op. Income | $2.9B | — | $2.6B | — | 8.1% |
| Gross Margin | 50.5% | — | 42.1% | — | 8.3pp |
| Net Margin | 11.8% | — | 9.8% | — | 1.9pp |
| EPS (Diluted) | $0.91 | — | $0.84 | — | 8.3% |
| Free Cash Flow | $0 | — | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $17.6B |
| Cost of Revenue | $8.7B |
| GROSS PROFIT | $8.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $6.1B |
| SG&A Expenses | $6.1B |
| Other Expenses | -$19M |
| Operating Expenses | $6.0B |
| Cost & Expenses | $14.8B |
| OPERATING INCOME | $2.9B |
| Interest Income | $12.8B |
| Interest Expense | $8.2B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2.9B |
| Income Tax Expense | $732M |
| Net Income from Continuing Ops | $2.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.8B |
| D&A | $0 |
| EBIT | $2.9B |
| EBITDA | $2.9B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $17.6B |
| Cost of Revenue | $8.7B |
| GROSS PROFIT | $8.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $6.1B |
| SG&A Expenses | $6.1B |
| Other Expenses | -$19M |
| Operating Expenses | $6.0B |
| Cost & Expenses | $14.8B |
| OPERATING INCOME | $2.9B |
| Interest Income | $12.8B |
| Interest Expense | $8.2B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2.9B |
| Income Tax Expense | $732M |
| Net Income from Continuing Ops | $2.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.8B |
| D&A | $0 |
| EBIT | $2.9B |
| EBITDA | $2.9B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.1B |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2.1B |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $173.0B |
| Short-Term Investments | $49.2B |
| Net Receivables | $1.7B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $223.9B |
| PP&E (Net) | $7.0B |
| Goodwill | $0 |
| Intangible Assets | $8.8B |
| Long-Term Investments | $951.4B |
| Tax Assets | $7.9B |
| Other Non-Current Assets | $427.6B |
| TOTAL NON-CURRENT ASSETS | $1.4T |
| TOTAL ASSETS | $1.6T |
| Account Payables | $0 |
| Short-Term Debt | $21.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $959.7B |
| TOTAL CURRENT LIABILITIES | $980.9B |
| Long-Term Debt | $133.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $706M |
| Other Non-Current Liabilities | $419.8B |
| TOTAL NON-CURRENT LIABILITIES | $553.5B |
| TOTAL LIABILITIES | $1.5T |
| Common Stock | $5.8B |
| Additional Paid-In Capital | $45.6B |
| Retained Earnings | $31.1B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$4.8B |
| Other Equity | $13.9B |
| TOTAL STOCKHOLDERS' EQUITY | $90.5B |
| Minority Interest | $1.8B |
| TOTAL EQUITY | $92.2B |
| TOTAL LIABILITIES & EQUITY | $1.6T |
| Total Debt | $154.1B |
| Net Debt | -$18.9B |
