| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $361M | $351M | $226M | 2.8% | 60.1% |
| Op. Income | $138M | $94M | $120M | 46.6% | 14.8% |
| Gross Margin | 71.2% | 70.5% | 74.0% | 0.6pp | -2.8pp |
| Net Margin | 26.7% | 16.7% | 36.3% | 10.0pp | -9.6pp |
| EPS (Diluted) | $1.11 | $0.68 | $1.24 | 63.2% | -10.5% |
| Free Cash Flow | $165M | -$7M | $100M | 2303.0% | 64.5% |
| Item | Amount |
|---|---|
| REVENUE | $361M |
| Cost of Revenue | $104M |
| GROSS PROFIT | $257M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $83M |
| SG&A Expenses | $83M |
| Other Expenses | $36M |
| Operating Expenses | $119M |
| Cost & Expenses | $223M |
| OPERATING INCOME | $138M |
| Interest Income | $9M |
| Interest Expense | $17M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $129M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $97M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $97M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $74M |
| D&A | $22M |
| EBIT | $146M |
| EBITDA | $168M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $361M |
| Cost of Revenue | $104M |
| GROSS PROFIT | $257M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $83M |
| SG&A Expenses | $83M |
| Other Expenses | $36M |
| Operating Expenses | $119M |
| Cost & Expenses | $223M |
| OPERATING INCOME | $138M |
| Interest Income | $9M |
| Interest Expense | $17M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $129M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $97M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $97M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $74M |
| D&A | $22M |
| EBIT | $146M |
| EBITDA | $168M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $97M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $13M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $20M |
| OPERATING CASH FLOW | $166M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $40.0K |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $9M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$458.0K |
| Net Debt Issuance | -$236M |
| Common Stock Repurchased | -$119M |
| Common Dividends Paid | -$42M |
| Other Financing Activities | $239M |
| NET CASH FROM FINANCING | -$157M |
| FREE CASH FLOW | $165M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $116M |
| Short-Term Investments | $0 |
| Net Receivables | $168M |
| Inventory | $0 |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $305M |
| PP&E (Net) | $77M |
| Goodwill | $1.2B |
| Intangible Assets | $2.5B |
| Long-Term Investments | $98M |
| Tax Assets | $0 |
| Other Non-Current Assets | $327.0K |
| TOTAL NON-CURRENT ASSETS | $3.9B |
| TOTAL ASSETS | $4.2B |
| Account Payables | $79M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $164M |
| Long-Term Debt | $972M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $478M |
| Other Non-Current Liabilities | $200M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $877.0K |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | $1.0B |
| Treasury Stock | -$735M |
| Accum. Other Comp. Income | $9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $4.2B |
| Total Debt | $972M |
| Net Debt | $856M |
