| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $291M | $282M | $295M | 3.1% | -1.2% |
| Op. Income | $96M | $88M | $76M | 9.1% | 25.8% |
| Gross Margin | 73.3% | 72.5% | 65.8% | 0.8pp | 7.5pp |
| Net Margin | 25.4% | 25.9% | 20.9% | -0.6pp | 4.5pp |
| EPS (Diluted) | $0.59 | $0.58 | $0.48 | 1.7% | 22.9% |
| Free Cash Flow | $50M | $125M | $52M | -60.4% | -5.3% |
| Item | Amount |
|---|---|
| REVENUE | $291M |
| Cost of Revenue | $78M |
| GROSS PROFIT | $213M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $62M |
| SG&A Expenses | $64M |
| Other Expenses | $53M |
| Operating Expenses | $117M |
| Cost & Expenses | $195M |
| OPERATING INCOME | $96M |
| Interest Income | $243M |
| Interest Expense | $73M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $96M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $74M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $74M |
| D&A | $8M |
| EBIT | $96M |
| EBITDA | $104M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $291M |
| Cost of Revenue | $78M |
| GROSS PROFIT | $213M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $62M |
| SG&A Expenses | $64M |
| Other Expenses | $53M |
| Operating Expenses | $117M |
| Cost & Expenses | $195M |
| OPERATING INCOME | $96M |
| Interest Income | $243M |
| Interest Expense | $73M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $96M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $74M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $74M |
| D&A | $8M |
| EBIT | $96M |
| EBITDA | $104M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $74M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$37M |
| OPERATING CASH FLOW | $57M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$196M |
| Sales/Maturities of Investments | $186M |
| Other Investing Activities | $225M |
| NET CASH FROM INVESTING | $208M |
| Net Debt Issuance | -$250M |
| Common Stock Repurchased | -$24M |
| Common Dividends Paid | -$32M |
| Other Financing Activities | $498M |
| NET CASH FROM FINANCING | $192M |
| FREE CASH FLOW | $50M |
| Net Change in Cash | $457M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $1.8B |
| Net Receivables | $520M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.1B |
| PP&E (Net) | $303M |
| Goodwill | $995M |
| Intangible Assets | $5M |
| Long-Term Investments | $17.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $20.0B |
| TOTAL ASSETS | $24.1B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20.7B |
| TOTAL CURRENT LIABILITIES | $20.7B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $635M |
| TOTAL NON-CURRENT LIABILITIES | $635M |
| TOTAL LIABILITIES | $21.4B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | $1.0B |
| Treasury Stock | -$493M |
| Accum. Other Comp. Income | -$388M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $24.1B |
| Total Debt | $0 |
| Net Debt | -$1.9B |
