| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $33.5B | $33.7B | $36.5B | -0.7% | -8.4% |
| Op. Income | $7.3B | $6.3B | $8.5B | 15.3% | -13.9% |
| Gross Margin | 53.5% | 52.3% | 46.3% | 1.1pp | 7.1pp |
| Net Margin | 15.8% | 14.0% | 17.8% | 1.7pp | -2.0pp |
| EPS (Diluted) | $1.40 | $1.30 | $1.70 | 7.7% | -17.6% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $33.5B |
| Cost of Revenue | $15.6B |
| GROSS PROFIT | $17.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $10.6B |
| Operating Expenses | $10.6B |
| Cost & Expenses | $26.2B |
| OPERATING INCOME | $7.3B |
| Interest Income | $24.4B |
| Interest Expense | $15.6B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $7.3B |
| Income Tax Expense | $1.8B |
| Net Income from Continuing Ops | $5.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.9B |
| D&A | $956M |
| EBIT | $7.3B |
| EBITDA | $8.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $33.5B |
| Cost of Revenue | $15.6B |
| GROSS PROFIT | $17.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $10.6B |
| Operating Expenses | $10.6B |
| Cost & Expenses | $26.2B |
| OPERATING INCOME | $7.3B |
| Interest Income | $24.4B |
| Interest Expense | $15.6B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $7.3B |
| Income Tax Expense | $1.8B |
| Net Income from Continuing Ops | $5.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.9B |
| D&A | $956M |
| EBIT | $7.3B |
| EBITDA | $8.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $5.3B |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5.3B |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| 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 | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $246.8B |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $246.8B |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $990.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.0T |
| TOTAL NON-CURRENT ASSETS | $3.0T |
| TOTAL ASSETS | $3.2T |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.9T |
| TOTAL CURRENT LIABILITIES | $1.9T |
| Long-Term Debt | $98.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.0T |
| TOTAL NON-CURRENT LIABILITIES | $1.1T |
| TOTAL LIABILITIES | $3.0T |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $191.4B |
| TOTAL STOCKHOLDERS' EQUITY | $191.4B |
| Minority Interest | $7.3B |
| TOTAL EQUITY | $198.7B |
| TOTAL LIABILITIES & EQUITY | $3.2T |
| Total Debt | $98.2B |
| Net Debt | -$148.6B |
