| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $476M | — | $383M | — | 24.5% |
| Op. Income | $192M | — | $148M | — | 30.0% |
| Gross Margin | 75.8% | — | 74.4% | — | 1.5pp |
| Net Margin | 84.6% | — | 48.2% | — | 36.4pp |
| EPS (Diluted) | $3.92 | — | $1.92 | — | 104.2% |
| Free Cash Flow | $208M | — | $186M | — | 11.9% |
| Item | Amount |
|---|---|
| REVENUE | $476M |
| Cost of Revenue | $115M |
| GROSS PROFIT | $361M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $47M |
| SG&A Expenses | $47M |
| Other Expenses | $122M |
| Operating Expenses | $169M |
| Cost & Expenses | $284M |
| OPERATING INCOME | $192M |
| Interest Income | $5M |
| Interest Expense | $33M |
| Other Income/Expenses | $211M |
| INCOME BEFORE TAX | $403M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $403M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $403M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $401M |
| D&A | $122M |
| EBIT | $436M |
| EBITDA | $557M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $476M |
| Cost of Revenue | $115M |
| GROSS PROFIT | $361M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $47M |
| SG&A Expenses | $47M |
| Other Expenses | $122M |
| Operating Expenses | $169M |
| Cost & Expenses | $284M |
| OPERATING INCOME | $192M |
| Interest Income | $5M |
| Interest Expense | $33M |
| Other Income/Expenses | $211M |
| INCOME BEFORE TAX | $403M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $403M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $403M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $401M |
| D&A | $122M |
| EBIT | $436M |
| EBITDA | $557M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $403M |
| Depreciation & Amortization | $92M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$250M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $272M |
| Capital Expenditure | -$63M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$389M |
| NET CASH FROM INVESTING | -$452M |
| Net Debt Issuance | $118M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$204M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $188M |
| FREE CASH FLOW | $208M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $25M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $28M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $224M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5.1B |
| TOTAL NON-CURRENT ASSETS | $5.4B |
| TOTAL ASSETS | $5.4B |
| Account Payables | $77M |
| Short-Term Debt | $200M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $331M |
| Long-Term Debt | $743M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $167M |
| TOTAL NON-CURRENT LIABILITIES | $910M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.9B |
| Retained Earnings | $289M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | -$33M |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $5.4B |
| Total Debt | $943M |
| Net Debt | $918M |
