| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $754M | $732M | — | 3.0% | — |
| Op. Income | $111M | $75M | — | 48.1% | — |
| Gross Margin | 32.0% | 29.8% | — | 2.2pp | — |
| Net Margin | 12.1% | 8.6% | — | 3.4pp | — |
| EPS (Diluted) | $0.73 | $0.50 | — | 46.0% | — |
| Free Cash Flow | $155M | $58M | — | 166.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $754M |
| Cost of Revenue | $513M |
| GROSS PROFIT | $241M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $130M |
| Operating Expenses | $130M |
| Cost & Expenses | $643M |
| OPERATING INCOME | $111M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $111M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $91M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $91M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $87M |
| D&A | $3M |
| EBIT | $132M |
| EBITDA | $135M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $754M |
| Cost of Revenue | $513M |
| GROSS PROFIT | $241M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $130M |
| Operating Expenses | $130M |
| Cost & Expenses | $643M |
| OPERATING INCOME | $111M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $111M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $91M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $91M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $87M |
| D&A | $3M |
| EBIT | $132M |
| EBITDA | $135M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $91M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $59M |
| OPERATING CASH FLOW | $155M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $100.0K |
| Purchases of Investments | -$954M |
| Sales/Maturities of Investments | $606M |
| Other Investing Activities | $17M |
| NET CASH FROM INVESTING | -$331M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $155M |
| Net Change in Cash | -$206M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $718M |
| Short-Term Investments | $2.8B |
| Net Receivables | $4.5B |
| Inventory | $0 |
| Other Current Assets | -$2.7B |
| TOTAL CURRENT ASSETS | $8.2B |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $124M |
| Long-Term Investments | $2.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$2.5B |
| TOTAL NON-CURRENT ASSETS | $406M |
| TOTAL ASSETS | $12.5B |
| Account Payables | $1.5B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7.8B |
| TOTAL CURRENT LIABILITIES | $9.3B |
| Long-Term Debt | $683M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $79M |
| Other Non-Current Liabilities | $211M |
| TOTAL NON-CURRENT LIABILITIES | $972M |
| TOTAL LIABILITIES | $10.2B |
| Common Stock | $12M |
| Additional Paid-In Capital | $957M |
| Retained Earnings | $989M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $52M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $1M |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $12.5B |
| Total Debt | $683M |
| Net Debt | $17M |
