| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.2B | $7.2B | — | -14.9% | — |
| Op. Income | $612M | $866M | — | -29.3% | — |
| Gross Margin | 36.2% | 39.7% | — | -3.5pp | — |
| Net Margin | 7.3% | 8.8% | — | -1.5pp | — |
| EPS (Diluted) | $0.15 | $0.21 | — | -29.6% | — |
| Free Cash Flow | $0 | $0 | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $6.2B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.1B |
| SG&A Expenses | $1.1B |
| Other Expenses | $534M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $5.5B |
| OPERATING INCOME | $612M |
| Interest Income | $4.0B |
| Interest Expense | $3.9B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $612M |
| Income Tax Expense | $149M |
| Net Income from Continuing Ops | $463M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $451M |
| Net Income Deductions | $2M |
| BOTTOM LINE NET INCOME | $449M |
| D&A | $0 |
| EBIT | $612M |
| EBITDA | $612M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $6.2B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.1B |
| SG&A Expenses | $1.1B |
| Other Expenses | $534M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $5.5B |
| OPERATING INCOME | $612M |
| Interest Income | $4.0B |
| Interest Expense | $3.9B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $612M |
| Income Tax Expense | $149M |
| Net Income from Continuing Ops | $463M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $451M |
| Net Income Deductions | $2M |
| BOTTOM LINE NET INCOME | $449M |
| D&A | $0 |
| EBIT | $612M |
| EBITDA | $612M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $451M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $292M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$743M |
| 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 | $34.5B |
| Short-Term Investments | $0 |
| Net Receivables | $10.3B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $45.0B |
| PP&E (Net) | $2.7B |
| Goodwill | $108M |
| Intangible Assets | $352M |
| Long-Term Investments | $47.4B |
| Tax Assets | $158M |
| Other Non-Current Assets | $260.1B |
| TOTAL NON-CURRENT ASSETS | $310.9B |
| TOTAL ASSETS | $355.9B |
| Account Payables | $8.6B |
| Short-Term Debt | $109.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $90.7B |
| TOTAL CURRENT LIABILITIES | $211.9B |
| Long-Term Debt | $86.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $713M |
| Other Non-Current Liabilities | $33.5B |
| TOTAL NON-CURRENT LIABILITIES | $121.6B |
| TOTAL LIABILITIES | $333.4B |
| Common Stock | $3.7B |
| Additional Paid-In Capital | $4.4B |
| Retained Earnings | $11.7B |
| Treasury Stock | -$900M |
| Accum. Other Comp. Income | $2.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $21.7B |
| Minority Interest | $690M |
| TOTAL EQUITY | $22.4B |
| TOTAL LIABILITIES & EQUITY | $355.9B |
| Total Debt | $196.4B |
| Net Debt | $161.8B |
