| Metric | Q3 2026 | Q2 2026 | Q3 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $717M | $659M | $634M | 8.7% | 13.0% |
| Op. Income | $161M | $151M | $136M | 6.2% | 18.1% |
| Gross Margin | 100.0% | 33.5% | 38.5% | 66.5pp | 61.5pp |
| Net Margin | 16.3% | 17.0% | 15.0% | -0.7pp | 1.2pp |
| EPS (Diluted) | $1.70 | $1.63 | $1.39 | 4.3% | 22.3% |
| Free Cash Flow | $217M | $323M | $262M | -32.8% | -17.1% |
| Item | Amount |
|---|---|
| REVENUE | $717M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $717M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $441M |
| Other Expenses | $115M |
| Operating Expenses | $556M |
| Cost & Expenses | $556M |
| OPERATING INCOME | $161M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $170M |
| Income Tax Expense | $53M |
| Net Income from Continuing Ops | $117M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $117M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $117M |
| D&A | $8M |
| EBIT | $161M |
| EBITDA | $169M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $717M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $717M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $441M |
| Other Expenses | $115M |
| Operating Expenses | $556M |
| Cost & Expenses | $556M |
| OPERATING INCOME | $161M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $170M |
| Income Tax Expense | $53M |
| Net Income from Continuing Ops | $117M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $117M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $117M |
| D&A | $8M |
| EBIT | $161M |
| EBITDA | $169M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $117M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $61M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $15M |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | $218M |
| Capital Expenditure | -$639.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $103M |
| Sales/Maturities of Investments | -$46M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $56M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$88M |
| Common Dividends Paid | -$41M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$131M |
| FREE CASH FLOW | $217M |
| Net Change in Cash | $133M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $128M |
| Net Receivables | $211M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $1.1B |
| Goodwill | $1.3B |
| Intangible Assets | $200M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $2.5B |
| TOTAL ASSETS | $3.9B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $989M |
| TOTAL CURRENT LIABILITIES | $989M |
| Long-Term Debt | $497M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $994M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $69.0K |
| Additional Paid-In Capital | $734M |
| Retained Earnings | $1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$29M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $3.9B |
| Total Debt | $994M |
| Net Debt | -$62M |
