| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18.1B | $19.7B | — | -8.0% | — |
| Op. Income | $906M | $4.2B | — | -78.2% | — |
| Gross Margin | 70.9% | 51.5% | — | 19.4pp | — |
| Net Margin | 3.9% | 15.6% | — | -11.7pp | — |
| EPS (Diluted) | $0.06 | $0.26 | — | -77.7% | — |
| Free Cash Flow | $0 | $0 | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $18.1B |
| Cost of Revenue | $5.3B |
| GROSS PROFIT | $12.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5.0B |
| SG&A Expenses | $5.0B |
| Other Expenses | $6.9B |
| Operating Expenses | $11.9B |
| Cost & Expenses | $17.2B |
| OPERATING INCOME | $906M |
| Interest Income | $12.4B |
| Interest Expense | $8.0B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $906M |
| Income Tax Expense | $180M |
| Net Income from Continuing Ops | $726M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $714M |
| Net Income Deductions | $39M |
| BOTTOM LINE NET INCOME | $675M |
| D&A | $0 |
| EBIT | $906M |
| EBITDA | $906M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $18.1B |
| Cost of Revenue | $5.3B |
| GROSS PROFIT | $12.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5.0B |
| SG&A Expenses | $5.0B |
| Other Expenses | $6.9B |
| Operating Expenses | $11.9B |
| Cost & Expenses | $17.2B |
| OPERATING INCOME | $906M |
| Interest Income | $12.4B |
| Interest Expense | $8.0B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $906M |
| Income Tax Expense | $180M |
| Net Income from Continuing Ops | $726M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $714M |
| Net Income Deductions | $39M |
| BOTTOM LINE NET INCOME | $675M |
| D&A | $0 |
| EBIT | $906M |
| EBITDA | $906M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $714M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$714M |
| 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 | $683.5B |
| Short-Term Investments | $281.9B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $965.4B |
| PP&E (Net) | $7.8B |
| Goodwill | $3.3B |
| Intangible Assets | $8.4B |
| Long-Term Investments | $1.3T |
| Tax Assets | $932M |
| Other Non-Current Assets | $253.0B |
| TOTAL NON-CURRENT ASSETS | $1.6T |
| TOTAL ASSETS | $2.6T |
| Account Payables | $0 |
| Short-Term Debt | $325.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.7T |
| TOTAL CURRENT LIABILITIES | $2.0T |
| Long-Term Debt | $234.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3.9B |
| Other Non-Current Liabilities | $226.2B |
| TOTAL NON-CURRENT LIABILITIES | $465.0B |
| TOTAL LIABILITIES | $2.5T |
| Common Stock | $13.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $93.0B |
| Treasury Stock | -$4.6B |
| Accum. Other Comp. Income | $26.7B |
| Other Equity | $68.9K |
| TOTAL STOCKHOLDERS' EQUITY | $128.6B |
| Minority Interest | $7.6B |
| TOTAL EQUITY | $136.1B |
| TOTAL LIABILITIES & EQUITY | $2.6T |
| Total Debt | $560.1B |
| Net Debt | -$123.4B |
