| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.1B | $1.9B | 4.1% | 16.8% |
| Op. Income | $675M | $632M | $480M | 6.9% | 40.7% |
| Gross Margin | 55.7% | 55.7% | 53.2% | 0.0pp | 2.6pp |
| Net Margin | 23.9% | 23.1% | 19.7% | 0.7pp | 4.2pp |
| EPS (Diluted) | $0.53 | $0.50 | $0.38 | 6.0% | 39.5% |
| Free Cash Flow | $702M | $435M | $556M | 61.4% | 26.1% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $973M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $549M |
| Operating Expenses | $549M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $675M |
| Interest Income | $24M |
| Interest Expense | $500.0K |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | $690M |
| Income Tax Expense | $165M |
| Net Income from Continuing Ops | $524M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $524M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $524M |
| D&A | $30M |
| EBIT | $675M |
| EBITDA | $705M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $973M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $549M |
| Operating Expenses | $549M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $675M |
| Interest Income | $24M |
| Interest Expense | $500.0K |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | $690M |
| Income Tax Expense | $165M |
| Net Income from Continuing Ops | $524M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $524M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $524M |
| D&A | $30M |
| EBIT | $675M |
| EBITDA | $705M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $524M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $33M |
| Deferred Income Tax | -$191.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $155M |
| OPERATING CASH FLOW | $745M |
| Capital Expenditure | -$44M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$335M |
| Sales/Maturities of Investments | $21M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$362M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$27M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $702M |
| Net Change in Cash | $366M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $286M |
| Net Receivables | $1.6B |
| Inventory | $705M |
| Other Current Assets | $143M |
| TOTAL CURRENT ASSETS | $5.1B |
| PP&E (Net) | $1.1B |
| Goodwill | $1.3B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $359M |
| Tax Assets | $185M |
| Other Non-Current Assets | $139M |
| TOTAL NON-CURRENT ASSETS | $4.5B |
| TOTAL ASSETS | $9.6B |
| Account Payables | $683M |
| Short-Term Debt | $0 |
| Deferred Revenue | $47M |
| Other Current Liabilities | $102M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $165M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $111M |
| TOTAL NON-CURRENT LIABILITIES | $276M |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $6M |
| Additional Paid-In Capital | $5.3B |
| Retained Earnings | $8.9B |
| Treasury Stock | -$6.4B |
| Accum. Other Comp. Income | -$93M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.7B |
| TOTAL LIABILITIES & EQUITY | $9.6B |
| Total Debt | $0 |
| Net Debt | -$2.3B |
