| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $211M | — | — | — | — |
| Op. Income | $80M | — | — | — | — |
| Gross Margin | 80.0% | — | — | — | — |
| Net Margin | 23.0% | — | — | — | — |
| EPS (Diluted) | $0.26 | — | — | — | — |
| Free Cash Flow | $152M | — | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $211M |
| Cost of Revenue | $42M |
| GROSS PROFIT | $169M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $77M |
| Operating Expenses | $89M |
| Cost & Expenses | $131M |
| OPERATING INCOME | $80M |
| Interest Income | $372.0K |
| Interest Expense | $32M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $50M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$42.0K |
| NET INCOME | $49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $49M |
| D&A | $76M |
| EBIT | $81M |
| EBITDA | $157M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $211M |
| Cost of Revenue | $42M |
| GROSS PROFIT | $169M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $77M |
| Operating Expenses | $89M |
| Cost & Expenses | $131M |
| OPERATING INCOME | $80M |
| Interest Income | $372.0K |
| Interest Expense | $32M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $50M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$42.0K |
| NET INCOME | $49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $49M |
| D&A | $76M |
| EBIT | $81M |
| EBITDA | $157M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $49M |
| Depreciation & Amortization | $76M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | $22M |
| OPERATING CASH FLOW | $144M |
| Capital Expenditure | $9M |
| Acquisitions (Net) | -$450.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$156M |
| NET CASH FROM INVESTING | -$147M |
| Net Debt Issuance | $57M |
| Common Stock Repurchased | $467.0K |
| Common Dividends Paid | -$71M |
| Other Financing Activities | $318.0K |
| NET CASH FROM FINANCING | -$14M |
| FREE CASH FLOW | $152M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $0 |
| Net Receivables | $145M |
| Inventory | $0 |
| Other Current Assets | $117M |
| TOTAL CURRENT ASSETS | $279M |
| PP&E (Net) | $30M |
| Goodwill | $0 |
| Intangible Assets | $382M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.2B |
| TOTAL NON-CURRENT ASSETS | $6.6B |
| TOTAL ASSETS | $6.9B |
| Account Payables | $155M |
| Short-Term Debt | $110M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $288M |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $55M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $28M |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $3.4B |
| Common Stock | $2M |
| Additional Paid-In Capital | $4.5B |
| Retained Earnings | -$1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $71M |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $6.9B |
| Total Debt | $3.1B |
| Net Debt | $3.1B |
