| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $336M | $339M | $374M | -0.9% | -10.3% |
| Op. Income | $93M | $94M | $73M | -1.0% | 27.4% |
| Gross Margin | 74.6% | 73.4% | 62.0% | 1.2pp | 12.6pp |
| Net Margin | 21.3% | 21.2% | 14.8% | 0.1pp | 6.4pp |
| EPS (Diluted) | $0.69 | $0.69 | $0.54 | 0.0% | 27.8% |
| Free Cash Flow | $84M | $60M | $82M | 40.0% | 2.3% |
| Item | Amount |
|---|---|
| REVENUE | $336M |
| Cost of Revenue | $85M |
| GROSS PROFIT | $251M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $90M |
| SG&A Expenses | $90M |
| Other Expenses | $68M |
| Operating Expenses | $158M |
| Cost & Expenses | $243M |
| OPERATING INCOME | $93M |
| Interest Income | $292M |
| Interest Expense | $85M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $93M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $71M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $71M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $71M |
| D&A | $16M |
| EBIT | $93M |
| EBITDA | $109M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $336M |
| Cost of Revenue | $85M |
| GROSS PROFIT | $251M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $90M |
| SG&A Expenses | $90M |
| Other Expenses | $68M |
| Operating Expenses | $158M |
| Cost & Expenses | $243M |
| OPERATING INCOME | $93M |
| Interest Income | $292M |
| Interest Expense | $85M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $93M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $71M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $71M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $71M |
| D&A | $16M |
| EBIT | $93M |
| EBITDA | $109M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $71M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$100.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | $92M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$574M |
| Sales/Maturities of Investments | $770M |
| Other Investing Activities | $555M |
| NET CASH FROM INVESTING | $744M |
| Net Debt Issuance | -$350M |
| Common Stock Repurchased | -$28M |
| Common Dividends Paid | -$49M |
| Other Financing Activities | -$50M |
| NET CASH FROM FINANCING | -$476M |
| FREE CASH FLOW | $84M |
| Net Change in Cash | $359M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $105M |
| Net Receivables | $107M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $415M |
| Goodwill | $1.1B |
| Intangible Assets | $80M |
| Long-Term Investments | $23.1B |
| Tax Assets | $67M |
| Other Non-Current Assets | $874M |
| TOTAL NON-CURRENT ASSETS | $25.7B |
| TOTAL ASSETS | $27.3B |
| Account Payables | $478M |
| Short-Term Debt | $485M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $22.6B |
| TOTAL CURRENT LIABILITIES | $23.6B |
| Long-Term Debt | $309M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $316M |
| TOTAL LIABILITIES | $23.9B |
| Common Stock | $2.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$204M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $27.3B |
| Total Debt | $795M |
| Net Debt | -$655M |
