| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.5B | $1.3B | -5.5% | 7.8% |
| Op. Income | -$125M | $199M | $186M | -163.0% | -167.5% |
| Gross Margin | 62.7% | 73.0% | 60.7% | -10.3pp | 2.0pp |
| Net Margin | -4.4% | 8.3% | 9.2% | -12.7pp | -13.6pp |
| EPS (Diluted) | $-0.39 | $0.77 | $1.02 | -150.8% | -138.6% |
| Free Cash Flow | $5.5B | -$987M | -$1.5B | 653.3% | 463.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $531M |
| GROSS PROFIT | $891M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $474M |
| SG&A Expenses | $474M |
| Other Expenses | $542M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | -$125M |
| Interest Income | $897M |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$125M |
| Income Tax Expense | -$62M |
| Net Income from Continuing Ops | -$63M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$63M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$63M |
| D&A | $48M |
| EBIT | -$125M |
| EBITDA | -$77M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$63M |
| Depreciation & Amortization | $54M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1.6B |
| Change in Working Capital | $3.9B |
| OPERATING CASH FLOW | $5.5B |
| Capital Expenditure | -$71M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $42M |
| NET CASH FROM INVESTING | -$29M |
| Net Debt Issuance | $271M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$80M |
| Other Financing Activities | -$3.9B |
| NET CASH FROM FINANCING | -$3.7B |
| FREE CASH FLOW | $5.5B |
| Net Change in Cash | $1.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.3B |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.3B |
| PP&E (Net) | $843M |
| Goodwill | $0 |
| Intangible Assets | $255M |
| Long-Term Investments | $22.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $660M |
| TOTAL NON-CURRENT ASSETS | $24.0B |
| TOTAL ASSETS | $30.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17.7B |
| TOTAL CURRENT LIABILITIES | $17.7B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5.5B |
| TOTAL NON-CURRENT LIABILITIES | $7.5B |
| TOTAL LIABILITIES | $25.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $575M |
| Retained Earnings | $3.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.1B |
| TOTAL LIABILITIES & EQUITY | $30.3B |
| Total Debt | $2.0B |
| Net Debt | -$4.3B |
