| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $855M | $812M | $716M | 5.3% | 19.3% |
| Op. Income | $250M | $244M | $152M | 2.4% | 64.4% |
| Gross Margin | 36.6% | 33.7% | 24.5% | 3.0pp | 12.1pp |
| Net Margin | 19.7% | 23.3% | 8.0% | -3.6pp | 11.7pp |
| EPS (Diluted) | $0.44 | $0.52 | $0.16 | -15.4% | 175.0% |
| Free Cash Flow | $218M | $233M | $151M | -6.6% | 44.0% |
| Item | Amount |
|---|---|
| REVENUE | $855M |
| Cost of Revenue | $542M |
| GROSS PROFIT | $313M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $31M |
| SG&A Expenses | $31M |
| Other Expenses | $32M |
| Operating Expenses | $63M |
| Cost & Expenses | $605M |
| OPERATING INCOME | $250M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$600.0K |
| INCOME BEFORE TAX | $249M |
| Income Tax Expense | $80M |
| Net Income from Continuing Ops | $169M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $169M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $169M |
| D&A | $121M |
| EBIT | $263M |
| EBITDA | $384M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $855M |
| Cost of Revenue | $542M |
| GROSS PROFIT | $313M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $31M |
| SG&A Expenses | $31M |
| Other Expenses | $32M |
| Operating Expenses | $63M |
| Cost & Expenses | $605M |
| OPERATING INCOME | $250M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$600.0K |
| INCOME BEFORE TAX | $249M |
| Income Tax Expense | $80M |
| Net Income from Continuing Ops | $169M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $169M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $169M |
| D&A | $121M |
| EBIT | $263M |
| EBITDA | $384M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $169M |
| Depreciation & Amortization | $121M |
| Stock-Based Compensation | $600.0K |
| Deferred Income Tax | $80M |
| Other Non-Cash Items | -$57M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $309M |
| Capital Expenditure | -$91M |
| Acquisitions (Net) | -$409M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | $34M |
| NET CASH FROM INVESTING | -$462M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$43M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$57M |
| FREE CASH FLOW | $218M |
| Net Change in Cash | -$211M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $870M |
| Short-Term Investments | $41M |
| Net Receivables | $238M |
| Inventory | $587M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $5.3B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1.9B |
| Tax Assets | $37M |
| Other Non-Current Assets | $155M |
| TOTAL NON-CURRENT ASSETS | $7.4B |
| TOTAL ASSETS | $9.1B |
| Account Payables | $189M |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $67M |
| TOTAL CURRENT LIABILITIES | $766M |
| Long-Term Debt | $707M |
| Deferred Revenue NC | $13M |
| Deferred Tax Liabilities | $436M |
| Other Non-Current Liabilities | $512M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $7.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$899M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$30M |
| Other Equity | $95M |
| TOTAL STOCKHOLDERS' EQUITY | $6.6B |
| Minority Interest | $6M |
| TOTAL EQUITY | $6.6B |
| TOTAL LIABILITIES & EQUITY | $9.1B |
| Total Debt | $857M |
| Net Debt | -$13M |
