| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.1B | $986M | 12.3% | 28.6% |
| Op. Income | $149M | $112M | $64M | 32.4% | 132.6% |
| Gross Margin | 75.1% | 74.8% | 69.7% | 0.3pp | 5.4pp |
| Net Margin | 11.0% | 8.6% | 6.2% | 2.4pp | 4.8pp |
| EPS (Diluted) | $0.11 | $0.08 | $0.05 | 33.3% | 109.1% |
| Free Cash Flow | $10M | -$1.5B | -$1.2B | 100.6% | 100.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $316M |
| GROSS PROFIT | $952M |
| R&D Expenses | $90M |
| Selling & Marketing | $287M |
| General & Administrative | $188M |
| SG&A Expenses | $475M |
| Other Expenses | $239M |
| Operating Expenses | $804M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $149M |
| Interest Income | $892M |
| Interest Expense | $306M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $149M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $139M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $139M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $139M |
| D&A | $59M |
| EBIT | $455M |
| EBITDA | $514M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $316M |
| GROSS PROFIT | $952M |
| R&D Expenses | $90M |
| Selling & Marketing | $287M |
| General & Administrative | $188M |
| SG&A Expenses | $475M |
| Other Expenses | $239M |
| Operating Expenses | $804M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $149M |
| Interest Income | $892M |
| Interest Expense | $306M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $149M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $139M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $139M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $139M |
| D&A | $59M |
| EBIT | $455M |
| EBITDA | $514M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $139M |
| Depreciation & Amortization | $59M |
| Stock-Based Compensation | $66M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | $1.3B |
| Change in Working Capital | -$1.5B |
| OPERATING CASH FLOW | $73M |
| Capital Expenditure | -$63M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.3B |
| Sales/Maturities of Investments | $173M |
| Other Investing Activities | $393M |
| NET CASH FROM INVESTING | -$2.8B |
| Net Debt Issuance | -$1.2B |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3.3B |
| NET CASH FROM FINANCING | $3.8B |
| FREE CASH FLOW | $10M |
| Net Change in Cash | $1.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.2B |
| Short-Term Investments | $2.4B |
| Net Receivables | $75M |
| Inventory | $0 |
| Other Current Assets | -$75M |
| TOTAL CURRENT ASSETS | $5.6B |
| PP&E (Net) | $466M |
| Goodwill | $1.4B |
| Intangible Assets | $631M |
| Long-Term Investments | $35.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.1B |
| TOTAL NON-CURRENT ASSETS | $39.7B |
| TOTAL ASSETS | $45.3B |
| Account Payables | $0 |
| Short-Term Debt | $486M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $32.9B |
| TOTAL CURRENT LIABILITIES | $33.4B |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $760M |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $36.5B |
| Common Stock | $120.0K |
| Additional Paid-In Capital | $9.8B |
| Retained Earnings | -$998M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.8B |
| TOTAL LIABILITIES & EQUITY | $45.3B |
| Total Debt | $2.8B |
| Net Debt | -$439M |
