| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.3B | — | $3.1B | — | 71.8% |
| Op. Income | $2.7B | — | $1.8B | — | 53.4% |
| Gross Margin | 56.7% | — | 60.1% | — | -3.4pp |
| Net Margin | 48.2% | — | 27.8% | — | 20.4pp |
| EPS (Diluted) | $2.83 | — | $0.96 | — | 194.8% |
| Free Cash Flow | $2.1B | — | $681M | — | 208.1% |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $3.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $285M |
| Other Expenses | $0 |
| Operating Expenses | $285M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $2.7B |
| Interest Income | $27M |
| Interest Expense | $62M |
| Other Income/Expenses | $956M |
| INCOME BEFORE TAX | $3.7B |
| Income Tax Expense | $1.1B |
| Net Income from Continuing Ops | $2.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.5B |
| Net Income Deductions | $20M |
| BOTTOM LINE NET INCOME | $2.5B |
| D&A | $560M |
| EBIT | $3.7B |
| EBITDA | $4.3B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $3.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $285M |
| Other Expenses | $0 |
| Operating Expenses | $285M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $2.7B |
| Interest Income | $27M |
| Interest Expense | $62M |
| Other Income/Expenses | $956M |
| INCOME BEFORE TAX | $3.7B |
| Income Tax Expense | $1.1B |
| Net Income from Continuing Ops | $2.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.5B |
| Net Income Deductions | $20M |
| BOTTOM LINE NET INCOME | $2.5B |
| D&A | $560M |
| EBIT | $3.7B |
| EBITDA | $4.3B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $2.5B |
| Depreciation & Amortization | $560M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $488M |
| Other Non-Cash Items | -$815M |
| Change in Working Capital | $74M |
| OPERATING CASH FLOW | $2.9B |
| Capital Expenditure | -$756M |
| Acquisitions (Net) | -$2.1B |
| Purchases of Investments | -$61M |
| Sales/Maturities of Investments | $835M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$2.1B |
| Net Debt Issuance | $398M |
| Common Stock Repurchased | -$27M |
| Common Dividends Paid | -$362M |
| Other Financing Activities | -$71M |
| NET CASH FROM FINANCING | -$62M |
| FREE CASH FLOW | $2.1B |
| Net Change in Cash | $713M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $1.2B |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $11.3B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $214M |
| Tax Assets | $38M |
| Other Non-Current Assets | $665M |
| TOTAL NON-CURRENT ASSETS | $12.3B |
| TOTAL ASSETS | $15.2B |
| Account Payables | $0 |
| Short-Term Debt | $283M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.4B |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $2.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.4B |
| Other Non-Current Liabilities | $133M |
| TOTAL NON-CURRENT LIABILITIES | $4.9B |
| TOTAL LIABILITIES | $6.6B |
| Common Stock | $3.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $6.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.4B |
| Minority Interest | $240M |
| TOTAL EQUITY | $8.7B |
| TOTAL LIABILITIES & EQUITY | $15.2B |
| Total Debt | $3.6B |
| Net Debt | $1.8B |