| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $803M | $764M | $690M | 5.1% | 16.3% |
| Op. Income | $197M | $184M | $154M | 6.9% | 28.0% |
| Gross Margin | 46.6% | 46.9% | 46.9% | -0.4pp | -0.3pp |
| Net Margin | 10.0% | 10.0% | 6.3% | 0.0pp | 3.7pp |
| EPS (Diluted) | $3.03 | $2.86 | $1.57 | 5.9% | 93.0% |
| Free Cash Flow | $470M | $436M | $388M | 7.9% | 21.4% |
| Item | Amount |
|---|---|
| REVENUE | $803M |
| Cost of Revenue | $429M |
| GROSS PROFIT | $374M |
| R&D Expenses | $0 |
| Selling & Marketing | $147M |
| General & Administrative | $40M |
| SG&A Expenses | $187M |
| Other Expenses | -$10M |
| Operating Expenses | $177M |
| Cost & Expenses | $606M |
| OPERATING INCOME | $197M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$87M |
| INCOME BEFORE TAX | $110M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $80M |
| D&A | $12M |
| EBIT | $110M |
| EBITDA | $122M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $803M |
| Cost of Revenue | $429M |
| GROSS PROFIT | $374M |
| R&D Expenses | $0 |
| Selling & Marketing | $147M |
| General & Administrative | $40M |
| SG&A Expenses | $187M |
| Other Expenses | -$10M |
| Operating Expenses | $177M |
| Cost & Expenses | $606M |
| OPERATING INCOME | $197M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$87M |
| INCOME BEFORE TAX | $110M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $80M |
| D&A | $12M |
| EBIT | $110M |
| EBITDA | $122M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $80M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $44M |
| Other Non-Cash Items | $344M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | $482M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$594M |
| NET CASH FROM INVESTING | -$605M |
| Net Debt Issuance | $140M |
| Common Stock Repurchased | -$38M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$662.0K |
| NET CASH FROM FINANCING | $101M |
| FREE CASH FLOW | $470M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $54M |
| Short-Term Investments | $0 |
| Net Receivables | $5.1B |
| Inventory | $0 |
| Other Current Assets | $303M |
| TOTAL CURRENT ASSETS | $5.5B |
| PP&E (Net) | $146M |
| Goodwill | $279M |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $30M |
| TOTAL NON-CURRENT ASSETS | $460M |
| TOTAL ASSETS | $6.0B |
| Account Payables | $253M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $253M |
| Long-Term Debt | $4.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $287M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $4.4B |
| TOTAL LIABILITIES | $4.7B |
| Common Stock | $0 |
| Additional Paid-In Capital | $359M |
| Retained Earnings | $1.9B |
| Treasury Stock | -$995M |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $6.0B |
| Total Debt | $4.1B |
| Net Debt | $4.1B |
