| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14.4B | $15.1B | — | -4.0% | — |
| Op. Income | $548M | $3.7B | — | -85.0% | — |
| Gross Margin | 46.2% | 46.5% | — | -0.4pp | — |
| Net Margin | 1.8% | 17.1% | — | -15.3pp | — |
| EPS (Diluted) | $0.07 | $0.65 | — | -89.6% | — |
| Free Cash Flow | $0 | $0 | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $14.4B |
| Cost of Revenue | $7.8B |
| GROSS PROFIT | $6.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3.9B |
| SG&A Expenses | $3.9B |
| Other Expenses | $2.2B |
| Operating Expenses | $6.1B |
| Cost & Expenses | $13.9B |
| OPERATING INCOME | $548M |
| Interest Income | $10.7B |
| Interest Expense | $6.6B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $548M |
| Income Tax Expense | $270M |
| Net Income from Continuing Ops | $278M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $6.3K |
| NET INCOME | $263M |
| Net Income Deductions | $43.9K |
| BOTTOM LINE NET INCOME | $263M |
| D&A | $0 |
| EBIT | $548M |
| EBITDA | $548M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $14.4B |
| Cost of Revenue | $7.8B |
| GROSS PROFIT | $6.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3.9B |
| SG&A Expenses | $3.9B |
| Other Expenses | $2.2B |
| Operating Expenses | $6.1B |
| Cost & Expenses | $13.9B |
| OPERATING INCOME | $548M |
| Interest Income | $10.7B |
| Interest Expense | $6.6B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $548M |
| Income Tax Expense | $270M |
| Net Income from Continuing Ops | $278M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $6.3K |
| NET INCOME | $263M |
| Net Income Deductions | $43.9K |
| BOTTOM LINE NET INCOME | $263M |
| D&A | $0 |
| EBIT | $548M |
| EBITDA | $548M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $263M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$263M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $473.6B |
| Short-Term Investments | $176.6B |
| Net Receivables | $1.4B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $651.6B |
| PP&E (Net) | $6.3B |
| Goodwill | $1.4B |
| Intangible Assets | $4.9B |
| Long-Term Investments | $1.0T |
| Tax Assets | $446M |
| Other Non-Current Assets | $234.7B |
| TOTAL NON-CURRENT ASSETS | $1.3T |
| TOTAL ASSETS | $1.9T |
| Account Payables | $0 |
| Short-Term Debt | $205.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.2T |
| TOTAL CURRENT LIABILITIES | $1.4T |
| Long-Term Debt | $159.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.8B |
| Other Non-Current Liabilities | $214.9B |
| TOTAL NON-CURRENT LIABILITIES | $377.0B |
| TOTAL LIABILITIES | $1.8T |
| Common Stock | $14.7B |
| Additional Paid-In Capital | $3.8B |
| Retained Earnings | $51.9B |
| Treasury Stock | -$241M |
| Accum. Other Comp. Income | $21.9B |
| Other Equity | $5M |
| TOTAL STOCKHOLDERS' EQUITY | $92.1B |
| Minority Interest | $860M |
| TOTAL EQUITY | $93.0B |
| TOTAL LIABILITIES & EQUITY | $1.9T |
| Total Debt | $365.2B |
| Net Debt | -$108.3B |
