| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.0B | $1.0B | 4.8% | 7.1% |
| Op. Income | $296M | $267M | $233M | 10.8% | 27.2% |
| Gross Margin | 61.8% | 62.1% | 58.1% | -0.3pp | 3.7pp |
| Net Margin | 19.8% | 18.7% | 16.6% | 1.0pp | 3.1pp |
| EPS (Diluted) | $2.79 | $2.78 | $2.47 | 0.4% | 13.0% |
| Free Cash Flow | $217M | $322M | -$78M | -32.6% | 377.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $419M |
| GROSS PROFIT | $676M |
| R&D Expenses | $0 |
| Selling & Marketing | $19M |
| General & Administrative | $264M |
| SG&A Expenses | $283M |
| Other Expenses | $97M |
| Operating Expenses | $380M |
| Cost & Expenses | $799M |
| OPERATING INCOME | $296M |
| Interest Income | $964M |
| Interest Expense | $397M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $296M |
| Income Tax Expense | $80M |
| Net Income from Continuing Ops | $216M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $216M |
| Net Income Deductions | $14M |
| BOTTOM LINE NET INCOME | $189M |
| D&A | $29M |
| EBIT | $296M |
| EBITDA | $325M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $419M |
| GROSS PROFIT | $676M |
| R&D Expenses | $0 |
| Selling & Marketing | $19M |
| General & Administrative | $264M |
| SG&A Expenses | $283M |
| Other Expenses | $97M |
| Operating Expenses | $380M |
| Cost & Expenses | $799M |
| OPERATING INCOME | $296M |
| Interest Income | $964M |
| Interest Expense | $397M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $296M |
| Income Tax Expense | $80M |
| Net Income from Continuing Ops | $216M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $216M |
| Net Income Deductions | $14M |
| BOTTOM LINE NET INCOME | $189M |
| D&A | $29M |
| EBIT | $296M |
| EBITDA | $325M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $216M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$119M |
| Change in Working Capital | $74M |
| OPERATING CASH FLOW | $210M |
| Capital Expenditure | $7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.4B |
| Sales/Maturities of Investments | $495M |
| Other Investing Activities | $165M |
| NET CASH FROM INVESTING | -$740M |
| Net Debt Issuance | -$37M |
| Common Stock Repurchased | -$413M |
| Common Dividends Paid | -$47M |
| Other Financing Activities | $896M |
| NET CASH FROM FINANCING | $400M |
| FREE CASH FLOW | $217M |
| Net Change in Cash | -$130M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.0B |
| Short-Term Investments | $5.0B |
| Net Receivables | $978M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $10.0B |
| PP&E (Net) | $1.1B |
| Goodwill | $798M |
| Intangible Assets | $105M |
| Long-Term Investments | $55.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.9B |
| TOTAL NON-CURRENT ASSETS | $59.6B |
| TOTAL ASSETS | $69.6B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $56.7B |
| TOTAL CURRENT LIABILITIES | $56.7B |
| Long-Term Debt | $4.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $5.9B |
| TOTAL LIABILITIES | $62.6B |
| Common Stock | $67M |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | $4.4B |
| Treasury Stock | -$9M |
| Accum. Other Comp. Income | -$315M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.0B |
| TOTAL LIABILITIES & EQUITY | $69.6B |
| Total Debt | $4.3B |
| Net Debt | $295M |
