| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $488M | $369M | $276M | 32.0% | 76.9% |
| Op. Income | $341M | $306M | $182M | 11.5% | 87.4% |
| Gross Margin | 72.5% | 73.6% | 68.8% | -1.1pp | 3.7pp |
| Net Margin | 59.0% | 66.9% | 55.4% | -7.9pp | 3.6pp |
| EPS (Diluted) | $1.49 | $1.28 | $0.79 | 16.4% | 88.6% |
| Free Cash Flow | $56M | -$931M | -$26M | 106.0% | 316.3% |
| Item | Amount |
|---|---|
| REVENUE | $488M |
| Cost of Revenue | $134M |
| GROSS PROFIT | $354M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $16M |
| SG&A Expenses | $16M |
| Other Expenses | -$4M |
| Operating Expenses | $13M |
| Cost & Expenses | $147M |
| OPERATING INCOME | $341M |
| Interest Income | $8M |
| Interest Expense | $800.0K |
| Other Income/Expenses | $21M |
| INCOME BEFORE TAX | $362M |
| Income Tax Expense | $75M |
| Net Income from Continuing Ops | $288M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $288M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $288M |
| D&A | $87M |
| EBIT | $363M |
| EBITDA | $450M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $488M |
| Cost of Revenue | $134M |
| GROSS PROFIT | $354M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $16M |
| SG&A Expenses | $16M |
| Other Expenses | -$4M |
| Operating Expenses | $13M |
| Cost & Expenses | $147M |
| OPERATING INCOME | $341M |
| Interest Income | $8M |
| Interest Expense | $800.0K |
| Other Income/Expenses | $21M |
| INCOME BEFORE TAX | $362M |
| Income Tax Expense | $75M |
| Net Income from Continuing Ops | $288M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $288M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $288M |
| D&A | $87M |
| EBIT | $363M |
| EBITDA | $450M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $288M |
| Depreciation & Amortization | $87M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $37M |
| Other Non-Cash Items | -$20M |
| Change in Working Capital | -$45M |
| OPERATING CASH FLOW | $348M |
| Capital Expenditure | -$292M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $432.5K |
| Sales/Maturities of Investments | $84M |
| Other Investing Activities | -$432.5K |
| NET CASH FROM INVESTING | -$208M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$67M |
| Other Financing Activities | $21.3K |
| NET CASH FROM FINANCING | -$64M |
| FREE CASH FLOW | $56M |
| Net Change in Cash | $76M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $206M |
| Short-Term Investments | $30M |
| Net Receivables | $242M |
| Inventory | $499.5K |
| Other Current Assets | $59M |
| TOTAL CURRENT ASSETS | $542M |
| PP&E (Net) | $6.1B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $850M |
| Tax Assets | $24M |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $7.0B |
| TOTAL ASSETS | $7.5B |
| Account Payables | $66M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $117M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $369M |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $400M |
| TOTAL LIABILITIES | $517M |
| Common Stock | $5.8B |
| Additional Paid-In Capital | $20M |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $101M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.0B |
| TOTAL LIABILITIES & EQUITY | $7.5B |
| Total Debt | $8M |
| Net Debt | -$198M |
