| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.1B | — | $1.3B | — | 63.3% |
| Op. Income | $312M | — | $202M | — | 54.4% |
| Gross Margin | 44.9% | — | 45.4% | — | -0.5pp |
| Net Margin | 8.4% | — | 10.0% | — | -1.6pp |
| EPS (Diluted) | $0.83 | — | $0.73 | — | 13.7% |
| Free Cash Flow | $360M | — | $240M | — | 50.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $953M |
| R&D Expenses | $0 |
| Selling & Marketing | $481M |
| General & Administrative | $160M |
| SG&A Expenses | $641M |
| Other Expenses | $0 |
| Operating Expenses | $641M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $312M |
| Interest Income | $0 |
| Interest Expense | $70M |
| Other Income/Expenses | -$78M |
| INCOME BEFORE TAX | $234M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $178M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $177M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $177M |
| D&A | $76M |
| EBIT | $304M |
| EBITDA | $379M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $953M |
| R&D Expenses | $0 |
| Selling & Marketing | $481M |
| General & Administrative | $160M |
| SG&A Expenses | $641M |
| Other Expenses | $0 |
| Operating Expenses | $641M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $312M |
| Interest Income | $0 |
| Interest Expense | $70M |
| Other Income/Expenses | -$78M |
| INCOME BEFORE TAX | $234M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $178M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $177M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $177M |
| D&A | $76M |
| EBIT | $304M |
| EBITDA | $379M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $177M |
| Depreciation & Amortization | $76M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $400.0K |
| Other Non-Cash Items | $22M |
| Change in Working Capital | $133M |
| OPERATING CASH FLOW | $408M |
| Capital Expenditure | -$48M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$23M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$70M |
| Net Debt Issuance | -$303M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$32M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$334M |
| FREE CASH FLOW | $360M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $100M |
| Short-Term Investments | $0 |
| Net Receivables | $398M |
| Inventory | $645M |
| Other Current Assets | $167M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $2.9B |
| Goodwill | $4.4B |
| Intangible Assets | $2.6B |
| Long-Term Investments | $0 |
| Tax Assets | $15M |
| Other Non-Current Assets | $162M |
| TOTAL NON-CURRENT ASSETS | $10.1B |
| TOTAL ASSETS | $11.4B |
| Account Payables | $459M |
| Short-Term Debt | $114M |
| Deferred Revenue | $120M |
| Other Current Liabilities | $249M |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $4.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $428M |
| Other Non-Current Liabilities | $124M |
| TOTAL NON-CURRENT LIABILITIES | $6.7B |
| TOTAL LIABILITIES | $8.4B |
| Common Stock | $3M |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $3.7B |
| Treasury Stock | -$1.7B |
| Accum. Other Comp. Income | -$102M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $9M |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $11.4B |
| Total Debt | $6.6B |
| Net Debt | $6.5B |
