| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.4B | $3.3B | $3.2B | 0.3% | 4.9% |
| Op. Income | $55M | $417M | $886M | -86.9% | -93.9% |
| Gross Margin | 22.0% | 31.9% | 97.0% | -10.0pp | -75.0pp |
| Net Margin | 1.2% | 10.0% | 20.2% | -8.8pp | -19.0pp |
| EPS (Diluted) | $0.23 | $1.92 | $3.46 | -88.0% | -93.4% |
| Free Cash Flow | -$403M | $320M | $352M | -225.8% | -214.3% |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $738M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $292M |
| SG&A Expenses | $292M |
| Other Expenses | $391M |
| Operating Expenses | $684M |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $55M |
| Interest Income | $0 |
| Interest Expense | $52M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $32M |
| EBIT | $107M |
| EBITDA | $138M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $738M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $292M |
| SG&A Expenses | $292M |
| Other Expenses | $391M |
| Operating Expenses | $684M |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $55M |
| Interest Income | $0 |
| Interest Expense | $52M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $32M |
| EBIT | $107M |
| EBITDA | $138M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $40M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$496M |
| Change in Working Capital | $53M |
| OPERATING CASH FLOW | -$372M |
| Capital Expenditure | -$31M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.1B |
| Sales/Maturities of Investments | $1.2B |
| Other Investing Activities | $781M |
| NET CASH FROM INVESTING | -$189M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$251M |
| Common Dividends Paid | -$78M |
| Other Financing Activities | $21M |
| NET CASH FROM FINANCING | -$306M |
| FREE CASH FLOW | -$403M |
| Net Change in Cash | -$867M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $328M |
| Short-Term Investments | $0 |
| Net Receivables | $1.5B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $497M |
| Goodwill | $354M |
| Intangible Assets | $0 |
| Long-Term Investments | $43.2B |
| Tax Assets | $120M |
| Other Non-Current Assets | $17.7B |
| TOTAL NON-CURRENT ASSETS | $61.9B |
| TOTAL ASSETS | $63.7B |
| Account Payables | $0 |
| Short-Term Debt | $275M |
| Deferred Revenue | $492M |
| Other Current Liabilities | -$57M |
| TOTAL CURRENT LIABILITIES | $767M |
| Long-Term Debt | $3.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $38M |
| Other Non-Current Liabilities | $48.5B |
| TOTAL NON-CURRENT LIABILITIES | $52.0B |
| TOTAL LIABILITIES | $52.8B |
| Common Stock | $20M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $13.2B |
| Treasury Stock | -$1.8B |
| Accum. Other Comp. Income | -$2.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.9B |
| TOTAL LIABILITIES & EQUITY | $63.7B |
| Total Debt | $3.7B |
| Net Debt | $3.4B |
