| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $688M | — | $476M | — | 44.7% |
| Op. Income | $376M | — | $274M | — | 36.9% |
| Gross Margin | 59.2% | — | 57.3% | — | 1.9pp |
| Net Margin | 54.7% | — | 57.6% | — | -2.8pp |
| EPS (Diluted) | $1.42 | — | $1.36 | — | 4.4% |
| Free Cash Flow | -$114M | — | $344M | — | -133.0% |
| Item | Amount |
|---|---|
| REVENUE | $688M |
| Cost of Revenue | $281M |
| GROSS PROFIT | $408M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $22M |
| SG&A Expenses | $22M |
| Other Expenses | $10M |
| Operating Expenses | $32M |
| Cost & Expenses | $313M |
| OPERATING INCOME | $376M |
| Interest Income | $833M |
| Interest Expense | $281M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $376M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | $377M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $377M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $377M |
| D&A | $0 |
| EBIT | $376M |
| EBITDA | $376M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $688M |
| Cost of Revenue | $281M |
| GROSS PROFIT | $408M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $22M |
| SG&A Expenses | $22M |
| Other Expenses | $10M |
| Operating Expenses | $32M |
| Cost & Expenses | $313M |
| OPERATING INCOME | $376M |
| Interest Income | $833M |
| Interest Expense | $281M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $376M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | $377M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $377M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $377M |
| D&A | $0 |
| EBIT | $376M |
| EBITDA | $376M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $377M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$485M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$114M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $288M |
| Common Stock Repurchased | -$78M |
| Common Dividends Paid | -$368M |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | -$132M |
| FREE CASH FLOW | -$114M |
| Net Change in Cash | -$247M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $24M |
| Short-Term Investments | $0 |
| Net Receivables | $68M |
| Inventory | $0 |
| Other Current Assets | $113M |
| TOTAL CURRENT ASSETS | $205M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $12M |
| Tax Assets | $0 |
| Other Non-Current Assets | $8.8B |
| TOTAL NON-CURRENT ASSETS | $8.8B |
| TOTAL ASSETS | $9.0B |
| Account Payables | $38M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $38M |
| Long-Term Debt | $4.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $57M |
| TOTAL NON-CURRENT LIABILITIES | $5.0B |
| TOTAL LIABILITIES | $5.0B |
| Common Stock | $266.0K |
| Additional Paid-In Capital | $4.0B |
| Retained Earnings | -$49M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $9.0B |
| Total Debt | $4.9B |
| Net Debt | $4.9B |
