| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.2B | $9.8B | $9.8B | 4.0% | 3.5% |
| Op. Income | $2.9B | $2.4B | $2.3B | 23.1% | 30.4% |
| Gross Margin | 57.4% | 55.0% | 51.4% | 2.4pp | 6.0pp |
| Net Margin | 22.3% | 18.4% | 17.1% | 3.9pp | 5.2pp |
| EPS (Diluted) | $0.54 | $0.81 | $0.76 | -33.3% | -28.6% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $10.2B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $5.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $435M |
| SG&A Expenses | $435M |
| Other Expenses | $2.5B |
| Operating Expenses | $2.9B |
| Cost & Expenses | $7.2B |
| OPERATING INCOME | $2.9B |
| Interest Income | $8.7B |
| Interest Expense | $4.3B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2.9B |
| Income Tax Expense | $677M |
| Net Income from Continuing Ops | $2.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.2B |
| D&A | $402M |
| EBIT | $2.9B |
| EBITDA | $3.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $10.2B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $5.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $435M |
| SG&A Expenses | $435M |
| Other Expenses | $2.5B |
| Operating Expenses | $2.9B |
| Cost & Expenses | $7.2B |
| OPERATING INCOME | $2.9B |
| Interest Income | $8.7B |
| Interest Expense | $4.3B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2.9B |
| Income Tax Expense | $677M |
| Net Income from Continuing Ops | $2.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.2B |
| D&A | $402M |
| EBIT | $2.9B |
| EBITDA | $3.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.3B |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2.3B |
| 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 | $114.2B |
| Short-Term Investments | $76.7B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $190.8B |
| PP&E (Net) | $0 |
| Goodwill | $10.1B |
| Intangible Assets | $0 |
| Long-Term Investments | $607.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $169.6B |
| TOTAL NON-CURRENT ASSETS | $787.5B |
| TOTAL ASSETS | $978.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $724.6B |
| TOTAL CURRENT LIABILITIES | $724.6B |
| Long-Term Debt | $8.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $188.3B |
| TOTAL NON-CURRENT LIABILITIES | $196.6B |
| TOTAL LIABILITIES | $921.2B |
| Common Stock | $13.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $17.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $25.8B |
| TOTAL STOCKHOLDERS' EQUITY | $57.1B |
| Minority Interest | $26M |
| TOTAL EQUITY | $57.1B |
| TOTAL LIABILITIES & EQUITY | $978.3B |
| Total Debt | $8.3B |
| Net Debt | -$105.9B |
