| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $476M | $503M | $308M | -5.4% | 54.5% |
| Op. Income | $316M | $330M | $176M | -4.3% | 79.3% |
| Gross Margin | 84.4% | 70.2% | 64.0% | 14.2pp | 20.4pp |
| Net Margin | 77.1% | 58.1% | 50.2% | 19.0pp | 26.9pp |
| EPS (Diluted) | $0.81 | $0.64 | $0.34 | 26.6% | 138.2% |
| Free Cash Flow | $132M | $67M | $224M | 97.5% | -40.8% |
| Item | Amount |
|---|---|
| REVENUE | $476M |
| Cost of Revenue | $74M |
| GROSS PROFIT | $402M |
| R&D Expenses | $0 |
| Selling & Marketing | $9M |
| General & Administrative | $10M |
| SG&A Expenses | $19M |
| Other Expenses | $67M |
| Operating Expenses | $86M |
| Cost & Expenses | $161M |
| OPERATING INCOME | $316M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $97M |
| INCOME BEFORE TAX | $413M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $367M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $367M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $367M |
| D&A | $66M |
| EBIT | $414M |
| EBITDA | $480M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $476M |
| Cost of Revenue | $74M |
| GROSS PROFIT | $402M |
| R&D Expenses | $0 |
| Selling & Marketing | $9M |
| General & Administrative | $10M |
| SG&A Expenses | $19M |
| Other Expenses | $67M |
| Operating Expenses | $86M |
| Cost & Expenses | $161M |
| OPERATING INCOME | $316M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $97M |
| INCOME BEFORE TAX | $413M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $367M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $367M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $367M |
| D&A | $66M |
| EBIT | $414M |
| EBITDA | $480M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $367M |
| Depreciation & Amortization | $66M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$42M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | $383M |
| Capital Expenditure | -$251M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $92M |
| NET CASH FROM INVESTING | -$159M |
| Net Debt Issuance | -$127.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$74M |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$73M |
| FREE CASH FLOW | $132M |
| Net Change in Cash | $152M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $42M |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $6.8B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $305M |
| Tax Assets | $0 |
| Other Non-Current Assets | $64M |
| TOTAL NON-CURRENT ASSETS | $7.2B |
| TOTAL ASSETS | $8.4B |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $110M |
| TOTAL CURRENT LIABILITIES | $149M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $171M |
| TOTAL NON-CURRENT LIABILITIES | $178M |
| TOTAL LIABILITIES | $327M |
| Common Stock | $3.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $4.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $67M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.1B |
| TOTAL LIABILITIES & EQUITY | $8.4B |
| Total Debt | $8M |
| Net Debt | -$1.1B |
