| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $2.0B | $2.0B | 1.3% | 0.6% |
| Op. Income | $259M | $209M | $285M | 23.8% | -9.3% |
| Gross Margin | 22.3% | 27.8% | 29.1% | -5.5pp | -6.8pp |
| Net Margin | 0.1% | 9.1% | 9.7% | -9.0pp | -9.6pp |
| EPS (Diluted) | $0.03 | $2.30 | $2.36 | -98.7% | -98.7% |
| Free Cash Flow | $352M | $128M | $359M | 175.9% | -2.1% |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $456M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $197M |
| Other Expenses | $0 |
| Operating Expenses | $197M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $259M |
| Interest Income | $0 |
| Interest Expense | $50M |
| Other Income/Expenses | -$221M |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $98M |
| EBIT | $88M |
| EBITDA | $187M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $456M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $197M |
| Other Expenses | $0 |
| Operating Expenses | $197M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $259M |
| Interest Income | $0 |
| Interest Expense | $50M |
| Other Income/Expenses | -$221M |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $98M |
| EBIT | $88M |
| EBITDA | $187M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $98M |
| Stock-Based Compensation | $60M |
| Deferred Income Tax | -$44M |
| Other Non-Cash Items | $172M |
| Change in Working Capital | $119M |
| OPERATING CASH FLOW | $409M |
| Capital Expenditure | -$57M |
| Acquisitions (Net) | -$18.8K |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$59M |
| Net Debt Issuance | -$8M |
| Common Stock Repurchased | -$265M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$272M |
| FREE CASH FLOW | $352M |
| Net Change in Cash | $78M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $469M |
| Short-Term Investments | $0 |
| Net Receivables | $2.8B |
| Inventory | $0 |
| Other Current Assets | $141M |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $525M |
| Goodwill | $8.9B |
| Intangible Assets | $3.4B |
| Long-Term Investments | $161M |
| Tax Assets | $101M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $13.1B |
| TOTAL ASSETS | $16.5B |
| Account Payables | $113M |
| Short-Term Debt | $568M |
| Deferred Revenue | $1.5B |
| Other Current Liabilities | $960M |
| TOTAL CURRENT LIABILITIES | $3.2B |
| Long-Term Debt | $2.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $744M |
| Other Non-Current Liabilities | $205M |
| TOTAL NON-CURRENT LIABILITIES | $4.0B |
| TOTAL LIABILITIES | $7.2B |
| Common Stock | $6M |
| Additional Paid-In Capital | $7.1B |
| Retained Earnings | $2.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$85M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.3B |
| TOTAL LIABILITIES & EQUITY | $16.5B |
| Total Debt | $3.6B |
| Net Debt | $3.1B |
