| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $692M | $660M | $666M | 4.9% | 4.0% |
| Op. Income | $184M | $157M | $196M | 17.1% | -6.5% |
| Gross Margin | 60.3% | 58.6% | 62.5% | 1.7pp | -2.2pp |
| Net Margin | 11.6% | 10.3% | 15.5% | 1.3pp | -3.9pp |
| EPS (Diluted) | $2.30 | $1.98 | $2.52 | 16.2% | -8.7% |
| Free Cash Flow | $342M | $230M | -$32M | 48.5% | 1177.6% |
| Item | Amount |
|---|---|
| REVENUE | $692M |
| Cost of Revenue | $274M |
| GROSS PROFIT | $418M |
| R&D Expenses | $0 |
| Selling & Marketing | $97M |
| General & Administrative | $92M |
| SG&A Expenses | $189M |
| Other Expenses | $45M |
| Operating Expenses | $234M |
| Cost & Expenses | $508M |
| OPERATING INCOME | $184M |
| Interest Income | $0 |
| Interest Expense | $64M |
| Other Income/Expenses | -$67M |
| INCOME BEFORE TAX | $116M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $100.0K |
| NET INCOME | $80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $80M |
| D&A | $39M |
| EBIT | $180M |
| EBITDA | $219M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $692M |
| Cost of Revenue | $274M |
| GROSS PROFIT | $418M |
| R&D Expenses | $0 |
| Selling & Marketing | $97M |
| General & Administrative | $92M |
| SG&A Expenses | $189M |
| Other Expenses | $45M |
| Operating Expenses | $234M |
| Cost & Expenses | $508M |
| OPERATING INCOME | $184M |
| Interest Income | $0 |
| Interest Expense | $64M |
| Other Income/Expenses | -$67M |
| INCOME BEFORE TAX | $116M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $100.0K |
| NET INCOME | $80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $80M |
| D&A | $39M |
| EBIT | $180M |
| EBITDA | $219M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $80M |
| Depreciation & Amortization | $84M |
| Stock-Based Compensation | $34M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $54M |
| Change in Working Capital | $125M |
| OPERATING CASH FLOW | $377M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$137M |
| Sales/Maturities of Investments | $189M |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | $22M |
| Net Debt Issuance | -$418M |
| Common Stock Repurchased | -$100.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$25M |
| NET CASH FROM FINANCING | -$444M |
| FREE CASH FLOW | $342M |
| Net Change in Cash | -$50M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $813M |
| Short-Term Investments | $4.1B |
| Net Receivables | $3.8B |
| Inventory | $0 |
| Other Current Assets | $957M |
| TOTAL CURRENT ASSETS | $9.7B |
| PP&E (Net) | $259M |
| Goodwill | $3.0B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $81M |
| Tax Assets | $17M |
| Other Non-Current Assets | $215M |
| TOTAL NON-CURRENT ASSETS | $4.7B |
| TOTAL ASSETS | $14.4B |
| Account Payables | $1.5B |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $240M |
| Other Current Liabilities | $4.9B |
| TOTAL CURRENT LIABILITIES | $9.3B |
| Long-Term Debt | $3.7B |
| Deferred Revenue NC | $71M |
| Deferred Tax Liabilities | $175M |
| Other Non-Current Liabilities | $97M |
| TOTAL NON-CURRENT LIABILITIES | $4.1B |
| TOTAL LIABILITIES | $13.3B |
| Common Stock | $500.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $2.3B |
| Treasury Stock | -$2.2B |
| Accum. Other Comp. Income | -$141M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $14.4B |
| Total Debt | $5.0B |
| Net Debt | $4.2B |
