| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $761M | $632M | — | 20.3% | — |
| Op. Income | $248M | $317M | — | -21.7% | — |
| Gross Margin | 65.0% | 78.7% | — | -13.8pp | — |
| Net Margin | 27.6% | 40.1% | — | -12.5pp | — |
| EPS (Diluted) | $1.57 | $1.84 | — | -14.7% | — |
| Free Cash Flow | $365M | $383M | — | -4.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $761M |
| Cost of Revenue | $266M |
| GROSS PROFIT | $494M |
| R&D Expenses | $0 |
| Selling & Marketing | $97M |
| General & Administrative | $21M |
| SG&A Expenses | $118M |
| Other Expenses | $128M |
| Operating Expenses | $246M |
| Cost & Expenses | $512M |
| OPERATING INCOME | $248M |
| Interest Income | $352M |
| Interest Expense | $0 |
| Other Income/Expenses | $19M |
| INCOME BEFORE TAX | $268M |
| Income Tax Expense | $58M |
| Net Income from Continuing Ops | $209M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $210M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $210M |
| D&A | $3M |
| EBIT | $361M |
| EBITDA | $364M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $761M |
| Cost of Revenue | $266M |
| GROSS PROFIT | $494M |
| R&D Expenses | $0 |
| Selling & Marketing | $97M |
| General & Administrative | $21M |
| SG&A Expenses | $118M |
| Other Expenses | $128M |
| Operating Expenses | $246M |
| Cost & Expenses | $512M |
| OPERATING INCOME | $248M |
| Interest Income | $352M |
| Interest Expense | $0 |
| Other Income/Expenses | $19M |
| INCOME BEFORE TAX | $268M |
| Income Tax Expense | $58M |
| Net Income from Continuing Ops | $209M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $210M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $210M |
| D&A | $3M |
| EBIT | $361M |
| EBITDA | $364M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $210M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $156M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $365M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$94M |
| NET CASH FROM INVESTING | -$94M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$66M |
| NET CASH FROM FINANCING | -$66M |
| FREE CASH FLOW | $365M |
| Net Change in Cash | $206M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $953M |
| Short-Term Investments | $643M |
| Net Receivables | $295M |
| Inventory | $0 |
| Other Current Assets | $453M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $84M |
| Goodwill | $7M |
| Intangible Assets | $144M |
| Long-Term Investments | $5.5B |
| Tax Assets | $206M |
| Other Non-Current Assets | $653M |
| TOTAL NON-CURRENT ASSETS | $6.6B |
| TOTAL ASSETS | $9.0B |
| Account Payables | $0 |
| Short-Term Debt | $218M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.4B |
| Long-Term Debt | $706M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $108M |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $5.4B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $3.5B |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $7M |
| TOTAL EQUITY | $3.6B |
| TOTAL LIABILITIES & EQUITY | $9.0B |
| Total Debt | $924M |
| Net Debt | -$29M |
