| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $811M | $785M | $642M | 3.3% | 26.3% |
| Op. Income | $246M | $295M | $331M | -16.4% | -25.5% |
| Gross Margin | 31.6% | 34.1% | 45.3% | -2.5pp | -13.7pp |
| Net Margin | 19.1% | 25.7% | 37.4% | -6.6pp | -18.3pp |
| EPS (Diluted) | $1.35 | $1.76 | $2.09 | -23.3% | -35.4% |
| Free Cash Flow | $101M | $161M | $149M | -37.4% | -32.6% |
| Item | Amount |
|---|---|
| REVENUE | $811M |
| Cost of Revenue | $554M |
| GROSS PROFIT | $257M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $39M |
| SG&A Expenses | $39M |
| Other Expenses | -$29M |
| Operating Expenses | $10M |
| Cost & Expenses | $565M |
| OPERATING INCOME | $246M |
| Interest Income | $828.0K |
| Interest Expense | $43M |
| Other Income/Expenses | -$42M |
| INCOME BEFORE TAX | $204M |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $155M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $155M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $155M |
| D&A | $325M |
| EBIT | $247M |
| EBITDA | $573M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $811M |
| Cost of Revenue | $554M |
| GROSS PROFIT | $257M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $39M |
| SG&A Expenses | $39M |
| Other Expenses | -$29M |
| Operating Expenses | $10M |
| Cost & Expenses | $565M |
| OPERATING INCOME | $246M |
| Interest Income | $828.0K |
| Interest Expense | $43M |
| Other Income/Expenses | -$42M |
| INCOME BEFORE TAX | $204M |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $155M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $155M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $155M |
| D&A | $325M |
| EBIT | $247M |
| EBITDA | $573M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $155M |
| Depreciation & Amortization | $325M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $76M |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | -$53M |
| OPERATING CASH FLOW | $505M |
| Capital Expenditure | -$404M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$405M |
| NET CASH FROM INVESTING | -$405M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | -$23M |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$40M |
| FREE CASH FLOW | $101M |
| Net Change in Cash | $60M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $162M |
| Short-Term Investments | $0 |
| Net Receivables | $368M |
| Inventory | $0 |
| Other Current Assets | $103M |
| TOTAL CURRENT ASSETS | $633M |
| PP&E (Net) | $72M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $120M |
| TOTAL NON-CURRENT ASSETS | $192M |
| TOTAL ASSETS | $9.1B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $2.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $690M |
| Other Non-Current Liabilities | $257M |
| TOTAL NON-CURRENT LIABILITIES | $3.2B |
| TOTAL LIABILITIES | $4.4B |
| Common Stock | $1M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $1.5B |
| TOTAL STOCKHOLDERS' EQUITY | $4.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.7B |
| TOTAL LIABILITIES & EQUITY | $9.1B |
| Total Debt | $2.3B |
| Net Debt | $2.1B |
