Q3 2025 Earnings

Financial Services Financial - Credit Services

Income Statement

Revenue

$495M+13.8% YoY

Gross Profit

$377M76.3% margin

Operating Income

$136M27.6% margin

Net Income

$107M21.6% margin

EPS (Diluted)

$2.94

QoQ Revenue Growth

-19.3%

Cash Flow

Operating Cash Flow

$112M

Free Cash Flow

$101M

Stock-Based Comp.

Balance Sheet

Total Assets

$13.9B

Total Liabilities

$10.3B

Stockholders' Equity

$3.7B

Cash & Equivalents

$216M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$495M	$435M	+13.8%
Gross Profit	$377M	$248M	+52.0%
Operating Income	$136M	-$2M	+6238.0%
Net Income	$107M	$2M	+4367.5%

Revenue Segments

Loan Servicing And Systems Revenue

$151M34%

Education Technology Services And Payment Processing Services

$129M29%

Payment Processing

$59M13%

Education Technology And Services

$36M8%

Tuition Payment Plan Services

$33M7%

Private Education And Consumer Loan Servicing

$24M5%

Software Services

$11M2%

FFELP Servicing

$2M0%

Outsourced Services Revenue And Other

$1M0%

Other Service Offering

$543,0000%