| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.6B | $2.5B | $2.3B | 4.4% | 12.7% |
| Op. Income | $405M | $403M | $287M | 0.5% | 41.2% |
| Gross Margin | 52.4% | 23.4% | 21.0% | 29.0pp | 31.4pp |
| Net Margin | 11.7% | 10.6% | 11.7% | 1.1pp | 0.0pp |
| EPS (Diluted) | $0.74 | $0.64 | $0.63 | 15.6% | 17.5% |
| Free Cash Flow | $448M | $261M | $225M | 71.8% | 98.8% |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $33M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $364M |
| Other Expenses | $587M |
| Operating Expenses | $983M |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $405M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $387M |
| Income Tax Expense | $76M |
| Net Income from Continuing Ops | $311M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $310M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $310M |
| D&A | $118M |
| EBIT | $398M |
| EBITDA | $516M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $33M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $364M |
| Other Expenses | $587M |
| Operating Expenses | $983M |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $405M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $387M |
| Income Tax Expense | $76M |
| Net Income from Continuing Ops | $311M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $310M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $310M |
| D&A | $118M |
| EBIT | $398M |
| EBITDA | $516M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $311M |
| Depreciation & Amortization | $118M |
| Stock-Based Compensation | -$69M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $59M |
| Change in Working Capital | $106M |
| OPERATING CASH FLOW | $525M |
| Capital Expenditure | -$77M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $7M |
| NET CASH FROM INVESTING | -$70M |
| Net Debt Issuance | -$255M |
| Common Stock Repurchased | -$250M |
| Common Dividends Paid | -$21M |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$532M |
| FREE CASH FLOW | $448M |
| Net Change in Cash | -$73M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $877M |
| Short-Term Investments | $0 |
| Net Receivables | $2.6B |
| Inventory | $1.2B |
| Other Current Assets | $924M |
| TOTAL CURRENT ASSETS | $5.7B |
| PP&E (Net) | $2.3B |
| Goodwill | $0 |
| Intangible Assets | $477M |
| Long-Term Investments | $232M |
| Tax Assets | $236M |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $4.5B |
| TOTAL ASSETS | $10.3B |
| Account Payables | $1.1B |
| Short-Term Debt | $34M |
| Deferred Revenue | $2.4B |
| Other Current Liabilities | $1.2B |
| TOTAL CURRENT LIABILITIES | $5.1B |
| Long-Term Debt | $404M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $89M |
| Other Non-Current Liabilities | $577M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $6.9B |
| Common Stock | $404M |
| Additional Paid-In Capital | $8.1B |
| Retained Earnings | -$3.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $45M |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $10.3B |
| Total Debt | $1.2B |
| Net Debt | $286M |
