| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $936M | — | $837M | — | 11.7% |
| Op. Income | $149M | — | $113M | — | 32.3% |
| Gross Margin | 50.6% | — | 54.6% | — | -4.0pp |
| Net Margin | 8.9% | — | 7.7% | — | 1.1pp |
| EPS (Diluted) | $1.86 | — | $1.44 | — | 29.2% |
| Free Cash Flow | $124M | — | $100M | — | 24.6% |
| Item | Amount |
|---|---|
| REVENUE | $936M |
| Cost of Revenue | $462M |
| GROSS PROFIT | $474M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $59M |
| SG&A Expenses | $59M |
| Other Expenses | $266M |
| Operating Expenses | $324M |
| Cost & Expenses | $786M |
| OPERATING INCOME | $149M |
| Interest Income | $908.0K |
| Interest Expense | $32M |
| Other Income/Expenses | -$37M |
| INCOME BEFORE TAX | $112M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $105M |
| EBIT | $145M |
| EBITDA | $250M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $936M |
| Cost of Revenue | $462M |
| GROSS PROFIT | $474M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $59M |
| SG&A Expenses | $59M |
| Other Expenses | $266M |
| Operating Expenses | $324M |
| Cost & Expenses | $786M |
| OPERATING INCOME | $149M |
| Interest Income | $908.0K |
| Interest Expense | $32M |
| Other Income/Expenses | -$37M |
| INCOME BEFORE TAX | $112M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $105M |
| EBIT | $145M |
| EBITDA | $250M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $83M |
| Depreciation & Amortization | $105M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $20M |
| Other Non-Cash Items | $49M |
| Change in Working Capital | -$128M |
| OPERATING CASH FLOW | $136M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | -$373M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$103M |
| NET CASH FROM INVESTING | -$488M |
| Net Debt Issuance | $420M |
| Common Stock Repurchased | -$30M |
| Common Dividends Paid | -$19M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $372M |
| FREE CASH FLOW | $124M |
| Net Change in Cash | $29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $130M |
| Short-Term Investments | $0 |
| Net Receivables | $1.1B |
| Inventory | $456M |
| Other Current Assets | $149M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $1.2B |
| Goodwill | $2.0B |
| Intangible Assets | $247M |
| Long-Term Investments | $0 |
| Tax Assets | $5M |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $5.2B |
| Account Payables | $163M |
| Short-Term Debt | $0 |
| Deferred Revenue | $85M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $359M |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $155M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $575.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $1.6B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$77M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $5.2B |
| Total Debt | $2.6B |
| Net Debt | $2.4B |
