| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $731M | $700M | $716M | 4.5% | 2.2% |
| Op. Income | $242M | $240M | $236M | 1.1% | 2.6% |
| Gross Margin | 54.9% | 56.1% | 52.6% | -1.2pp | 2.3pp |
| Net Margin | 25.2% | 26.2% | 25.3% | -0.9pp | -0.1pp |
| EPS (Diluted) | $1.59 | $1.58 | $1.55 | 0.6% | 2.6% |
| Free Cash Flow | $186M | $128M | $258M | 45.2% | -27.9% |
| Item | Amount |
|---|---|
| REVENUE | $731M |
| Cost of Revenue | $329M |
| GROSS PROFIT | $402M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $111M |
| SG&A Expenses | $111M |
| Other Expenses | $48M |
| Operating Expenses | $159M |
| Cost & Expenses | $489M |
| OPERATING INCOME | $242M |
| Interest Income | $695M |
| Interest Expense | $281M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $242M |
| Income Tax Expense | $58M |
| Net Income from Continuing Ops | $185M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $185M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $181M |
| D&A | $31M |
| EBIT | $242M |
| EBITDA | $273M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $731M |
| Cost of Revenue | $329M |
| GROSS PROFIT | $402M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $111M |
| SG&A Expenses | $111M |
| Other Expenses | $48M |
| Operating Expenses | $159M |
| Cost & Expenses | $489M |
| OPERATING INCOME | $242M |
| Interest Income | $695M |
| Interest Expense | $281M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $242M |
| Income Tax Expense | $58M |
| Net Income from Continuing Ops | $185M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $185M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $181M |
| D&A | $31M |
| EBIT | $242M |
| EBITDA | $273M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $185M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $12M |
| Other Non-Cash Items | $43M |
| Change in Working Capital | -$60M |
| OPERATING CASH FLOW | $215M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | -$6M |
| Purchases of Investments | -$49M |
| Sales/Maturities of Investments | $151M |
| Other Investing Activities | $224M |
| NET CASH FROM INVESTING | $290M |
| Net Debt Issuance | -$500M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$50M |
| Other Financing Activities | $463M |
| NET CASH FROM FINANCING | -$91M |
| FREE CASH FLOW | $186M |
| Net Change in Cash | $415M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.1B |
| Short-Term Investments | $420M |
| Net Receivables | $178M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.7B |
| PP&E (Net) | $890M |
| Goodwill | $661M |
| Intangible Assets | $0 |
| Long-Term Investments | $34.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.7B |
| TOTAL NON-CURRENT ASSETS | $37.9B |
| TOTAL ASSETS | $41.6B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $34.0B |
| TOTAL CURRENT LIABILITIES | $34.0B |
| Long-Term Debt | $763M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $765M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $35.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $4.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$36M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.1B |
| Minority Interest | $202.0K |
| TOTAL EQUITY | $6.1B |
| TOTAL LIABILITIES & EQUITY | $41.6B |
| Total Debt | $763M |
| Net Debt | -$2.4B |
