| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $419M | $410M | $391M | 2.2% | 7.3% |
| Op. Income | $284M | $281M | $269M | 1.3% | 5.6% |
| Gross Margin | 88.4% | 88.0% | 88.0% | 0.3pp | 0.3pp |
| Net Margin | 50.8% | 50.6% | 51.5% | 0.2pp | -0.8pp |
| EPS (Diluted) | $2.27 | $2.21 | $2.07 | 2.7% | 9.7% |
| Free Cash Flow | $303M | $195M | $248M | 55.6% | 22.3% |
| Item | Amount |
|---|---|
| REVENUE | $419M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $370M |
| R&D Expenses | $25M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $61M |
| Other Expenses | $0 |
| Operating Expenses | $86M |
| Cost & Expenses | $135M |
| OPERATING INCOME | $284M |
| Interest Income | $7M |
| Interest Expense | $19M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $272M |
| Income Tax Expense | $59M |
| Net Income from Continuing Ops | $213M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $213M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $213M |
| D&A | $7M |
| EBIT | $291M |
| EBITDA | $298M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $419M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $370M |
| R&D Expenses | $25M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $61M |
| Other Expenses | $0 |
| Operating Expenses | $86M |
| Cost & Expenses | $135M |
| OPERATING INCOME | $284M |
| Interest Income | $7M |
| Interest Expense | $19M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $272M |
| Income Tax Expense | $59M |
| Net Income from Continuing Ops | $213M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $213M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $213M |
| D&A | $7M |
| EBIT | $291M |
| EBITDA | $298M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $213M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $72M |
| OPERATING CASH FLOW | $308M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$115M |
| Sales/Maturities of Investments | $16M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$104M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$219M |
| Common Dividends Paid | -$72M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$286M |
| FREE CASH FLOW | $303M |
| Net Change in Cash | -$79M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $235M |
| Short-Term Investments | $382M |
| Net Receivables | $11M |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $688M |
| PP&E (Net) | $229M |
| Goodwill | $53M |
| Intangible Assets | $0 |
| Long-Term Investments | $2M |
| Tax Assets | $267M |
| Other Non-Current Assets | $165M |
| TOTAL NON-CURRENT ASSETS | $715M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $12M |
| Short-Term Debt | $6M |
| Deferred Revenue | $1.0B |
| Other Current Liabilities | $171M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $348M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $3.5B |
| Common Stock | $9.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$12.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$2.1B |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $1.8B |
| Net Debt | $1.6B |
