| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | $2.8B | $2.5B | 2.5% | 12.9% |
| Op. Income | $315M | $350M | $323M | -10.1% | -2.7% |
| Gross Margin | 40.4% | 39.2% | 39.7% | 1.3pp | 0.7pp |
| Net Margin | 8.1% | 9.4% | 9.6% | -1.3pp | -1.5pp |
| EPS (Diluted) | $5.14 | $5.78 | $5.14 | -11.1% | 0.0% |
| Free Cash Flow | -$82M | $20M | -$171M | -521.1% | 51.8% |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $841M |
| Other Expenses | $0 |
| Operating Expenses | $841M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $315M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $304M |
| Income Tax Expense | $73M |
| Net Income from Continuing Ops | $231M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $231M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $231M |
| D&A | $76M |
| EBIT | $309M |
| EBITDA | $385M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $841M |
| Other Expenses | $0 |
| Operating Expenses | $841M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $315M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $304M |
| Income Tax Expense | $73M |
| Net Income from Continuing Ops | $231M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $231M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $231M |
| D&A | $76M |
| EBIT | $309M |
| EBITDA | $385M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $231M |
| Depreciation & Amortization | $76M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $80M |
| Change in Working Capital | -$388M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$87M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$96M |
| Net Debt Issuance | $263M |
| Common Stock Repurchased | -$225M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $53M |
| FREE CASH FLOW | -$82M |
| Net Change in Cash | -$38M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $205M |
| Short-Term Investments | $0 |
| Net Receivables | $237M |
| Inventory | $2.7B |
| Other Current Assets | $158M |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $3.1B |
| Goodwill | $393M |
| Intangible Assets | $6M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $166M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $7.0B |
| Account Payables | $759M |
| Short-Term Debt | $842M |
| Deferred Revenue | $463M |
| Other Current Liabilities | $474M |
| TOTAL CURRENT LIABILITIES | $2.5B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $45M |
| Other Non-Current Liabilities | $63M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $4.4B |
| Common Stock | $454.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $1.6B |
| Treasury Stock | -$120M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $7.0B |
| Total Debt | $2.6B |
| Net Debt | $2.4B |
