| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $528M | — | $516M | — | 2.2% |
| Op. Income | $174M | — | $199M | — | -12.4% |
| Gross Margin | 52.0% | — | 57.2% | — | -5.3pp |
| Net Margin | 40.2% | — | 23.9% | — | 16.3pp |
| EPS (Diluted) | $6.87 | — | $3.78 | — | 81.7% |
| Free Cash Flow | $298M | — | $267M | — | 11.7% |
| Item | Amount |
|---|---|
| REVENUE | $528M |
| Cost of Revenue | $254M |
| GROSS PROFIT | $275M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $101M |
| Operating Expenses | $101M |
| Cost & Expenses | $354M |
| OPERATING INCOME | $174M |
| Interest Income | $28M |
| Interest Expense | $0 |
| Other Income/Expenses | $189M |
| INCOME BEFORE TAX | $363M |
| Income Tax Expense | $72M |
| Net Income from Continuing Ops | $291M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $212M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $212M |
| D&A | $86M |
| EBIT | $152M |
| EBITDA | $238M |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| REVENUE | $528M |
| Cost of Revenue | $254M |
| GROSS PROFIT | $275M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $101M |
| Operating Expenses | $101M |
| Cost & Expenses | $354M |
| OPERATING INCOME | $174M |
| Interest Income | $28M |
| Interest Expense | $0 |
| Other Income/Expenses | $189M |
| INCOME BEFORE TAX | $363M |
| Income Tax Expense | $72M |
| Net Income from Continuing Ops | $291M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $212M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $212M |
| D&A | $86M |
| EBIT | $152M |
| EBITDA | $238M |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| Net Income | $212M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$700.0K |
| Change in Working Capital | $79M |
| OPERATING CASH FLOW | $299M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | -$53M |
| Sales/Maturities of Investments | $208M |
| Other Investing Activities | $100M |
| NET CASH FROM INVESTING | $249M |
| Net Debt Issuance | -$350M |
| Common Stock Repurchased | -$76M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$430M |
| FREE CASH FLOW | $298M |
| Net Change in Cash | $115M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $476M |
| Short-Term Investments | $0 |
| Net Receivables | $668M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $55M |
| Goodwill | $2.5B |
| Intangible Assets | $1.7B |
| Long-Term Investments | $3.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $309M |
| TOTAL NON-CURRENT ASSETS | $7.8B |
| TOTAL ASSETS | $8.9B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $542M |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $4.4B |
| TOTAL LIABILITIES | $4.4B |
| Common Stock | $600.0K |
| Additional Paid-In Capital | $715M |
| Retained Earnings | $7.3B |
| Treasury Stock | -$4.5B |
| Accum. Other Comp. Income | -$109M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $1.2B |
| TOTAL EQUITY | $4.5B |
| TOTAL LIABILITIES & EQUITY | $8.9B |
| Total Debt | $2.4B |
| Net Debt | $1.9B |
