| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $319M | $326M | $317M | -2.2% | 0.7% |
| Op. Income | $199M | $231M | $208M | -13.8% | -4.1% |
| Gross Margin | 85.9% | 94.8% | 90.3% | -8.9pp | -4.4pp |
| Net Margin | 51.5% | 59.9% | 55.6% | -8.4pp | -4.1pp |
| EPS (Diluted) | $1.67 | $1.93 | $1.65 | -13.5% | 1.2% |
| Free Cash Flow | $211M | $189M | $229M | 11.5% | -7.9% |
| Item | Amount |
|---|---|
| REVENUE | $319M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $274M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $29M |
| SG&A Expenses | $29M |
| Other Expenses | $45M |
| Operating Expenses | $75M |
| Cost & Expenses | $120M |
| OPERATING INCOME | $199M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $199M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $164M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $164M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $164M |
| D&A | $1M |
| EBIT | $207M |
| EBITDA | $209M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $319M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $274M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $29M |
| SG&A Expenses | $29M |
| Other Expenses | $45M |
| Operating Expenses | $75M |
| Cost & Expenses | $120M |
| OPERATING INCOME | $199M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $199M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $164M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $164M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $164M |
| D&A | $1M |
| EBIT | $207M |
| EBITDA | $209M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $164M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $37M |
| OPERATING CASH FLOW | $216M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $47M |
| Purchases of Investments | -$209M |
| Sales/Maturities of Investments | $39M |
| Other Investing Activities | $63M |
| NET CASH FROM INVESTING | -$64M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$122M |
| Common Dividends Paid | -$30M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$152M |
| FREE CASH FLOW | $211M |
| Net Change in Cash | -$705.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $91M |
| Short-Term Investments | $6.1B |
| Net Receivables | $54M |
| Inventory | $0 |
| Other Current Assets | -$490M |
| TOTAL CURRENT ASSETS | $145M |
| PP&E (Net) | $50M |
| Goodwill | $0 |
| Intangible Assets | $88M |
| Long-Term Investments | $370M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$379M |
| TOTAL NON-CURRENT ASSETS | $128M |
| TOTAL ASSETS | $7.4B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $97M |
| Other Current Liabilities | $394M |
| TOTAL CURRENT LIABILITIES | $490M |
| Long-Term Debt | $495M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $438M |
| Other Non-Current Liabilities | -$252M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $1M |
| Additional Paid-In Capital | $771M |
| Retained Earnings | $5.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$165M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.7B |
| TOTAL LIABILITIES & EQUITY | $7.4B |
| Total Debt | $495M |
| Net Debt | -$91M |
