| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | — | $1.3B | — | 7.0% |
| Op. Income | $314M | — | $252M | — | 24.5% |
| Gross Margin | 60.3% | — | 59.0% | — | 1.3pp |
| Net Margin | 18.1% | — | 15.3% | — | 2.8pp |
| EPS (Diluted) | $2.28 | — | $1.80 | — | 26.7% |
| Free Cash Flow | -$626M | — | -$1.1B | — | 42.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $555M |
| GROSS PROFIT | $843M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $218M |
| SG&A Expenses | $224M |
| Other Expenses | $306M |
| Operating Expenses | $529M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $314M |
| Interest Income | $1.2B |
| Interest Expense | $475M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $314M |
| Income Tax Expense | $53M |
| Net Income from Continuing Ops | $261M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $253M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $250M |
| D&A | $34M |
| EBIT | $314M |
| EBITDA | $347M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $555M |
| GROSS PROFIT | $843M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $218M |
| SG&A Expenses | $224M |
| Other Expenses | $306M |
| Operating Expenses | $529M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $314M |
| Interest Income | $1.2B |
| Interest Expense | $475M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $314M |
| Income Tax Expense | $53M |
| Net Income from Continuing Ops | $261M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $253M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $250M |
| D&A | $34M |
| EBIT | $314M |
| EBITDA | $347M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $253M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$53M |
| Other Non-Cash Items | -$589M |
| Change in Working Capital | -$237M |
| OPERATING CASH FLOW | -$597M |
| Capital Expenditure | -$28M |
| Acquisitions (Net) | -$7M |
| Purchases of Investments | -$4.0B |
| Sales/Maturities of Investments | $4.0B |
| Other Investing Activities | -$586M |
| NET CASH FROM INVESTING | -$603M |
| Net Debt Issuance | -$1.9B |
| Common Stock Repurchased | -$11M |
| Common Dividends Paid | -$45M |
| Other Financing Activities | $6.1B |
| NET CASH FROM FINANCING | $4.2B |
| FREE CASH FLOW | -$626M |
| Net Change in Cash | $3.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.8B |
| Short-Term Investments | $10.1B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $15.9B |
| PP&E (Net) | $550M |
| Goodwill | $651M |
| Intangible Assets | $1.2B |
| Long-Term Investments | $69.0B |
| Tax Assets | $341M |
| Other Non-Current Assets | $3.3B |
| TOTAL NON-CURRENT ASSETS | $75.1B |
| TOTAL ASSETS | $91.0B |
| Account Payables | $0 |
| Short-Term Debt | $3.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $77.2B |
| TOTAL CURRENT LIABILITIES | $81.1B |
| Long-Term Debt | $681M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $83.3B |
| Common Stock | $2.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $5.4B |
| Treasury Stock | -$137M |
| Accum. Other Comp. Income | -$409M |
| Other Equity | $158M |
| TOTAL STOCKHOLDERS' EQUITY | $7.4B |
| Minority Interest | $293M |
| TOTAL EQUITY | $7.7B |
| TOTAL LIABILITIES & EQUITY | $91.0B |
| Total Debt | $4.7B |
| Net Debt | -$1.0B |
