| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $739M | $694M | $628M | 6.5% | 17.7% |
| Op. Income | $161M | $117M | $108M | 38.1% | 48.6% |
| Gross Margin | 78.1% | 78.2% | 80.5% | -0.2pp | -2.4pp |
| Net Margin | 15.6% | 13.0% | 15.0% | 2.6pp | 0.6pp |
| EPS (Diluted) | $0.23 | $0.18 | $0.19 | 27.8% | 21.1% |
| Free Cash Flow | $164M | $117M | $222M | 40.6% | -26.2% |
| Item | Amount |
|---|---|
| REVENUE | $739M |
| Cost of Revenue | $162M |
| GROSS PROFIT | $577M |
| R&D Expenses | $128M |
| Selling & Marketing | $157M |
| General & Administrative | $131M |
| SG&A Expenses | $288M |
| Other Expenses | $0 |
| Operating Expenses | $416M |
| Cost & Expenses | $578M |
| OPERATING INCOME | $161M |
| Interest Income | $17M |
| Interest Expense | $356.0K |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | $180M |
| Income Tax Expense | $64M |
| Net Income from Continuing Ops | $116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $116M |
| D&A | $33M |
| EBIT | $180M |
| EBITDA | $213M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $739M |
| Cost of Revenue | $162M |
| GROSS PROFIT | $577M |
| R&D Expenses | $128M |
| Selling & Marketing | $157M |
| General & Administrative | $131M |
| SG&A Expenses | $288M |
| Other Expenses | $0 |
| Operating Expenses | $416M |
| Cost & Expenses | $578M |
| OPERATING INCOME | $161M |
| Interest Income | $17M |
| Interest Expense | $356.0K |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | $180M |
| Income Tax Expense | $64M |
| Net Income from Continuing Ops | $116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $116M |
| D&A | $33M |
| EBIT | $180M |
| EBITDA | $213M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $116M |
| Depreciation & Amortization | $33M |
| Stock-Based Compensation | $121M |
| Deferred Income Tax | $118M |
| Other Non-Cash Items | $17M |
| Change in Working Capital | -$181M |
| OPERATING CASH FLOW | $225M |
| Capital Expenditure | -$61M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$248M |
| Sales/Maturities of Investments | $251M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$67M |
| Net Debt Issuance | -$74M |
| Common Stock Repurchased | -$310M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$23M |
| NET CASH FROM FINANCING | -$401M |
| FREE CASH FLOW | $164M |
| Net Change in Cash | -$243M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $653M |
| Short-Term Investments | $792M |
| Net Receivables | $3.6B |
| Inventory | $0 |
| Other Current Assets | $79M |
| TOTAL CURRENT ASSETS | $5.1B |
| PP&E (Net) | $610M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $111M |
| Other Non-Current Assets | $100M |
| TOTAL NON-CURRENT ASSETS | $820M |
| TOTAL ASSETS | $5.9B |
| Account Payables | $2.8B |
| Short-Term Debt | $73M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $160M |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $42M |
| TOTAL NON-CURRENT LIABILITIES | $345M |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $0 |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | -$364M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $5.9B |
| Total Debt | $376M |
| Net Debt | -$277M |
