| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.2B | $1.3B | 1.0% | -1.8% |
| Op. Income | $285M | $312M | $277M | -8.7% | 2.9% |
| Gross Margin | 64.8% | 67.6% | 61.1% | -2.8pp | 3.8pp |
| Net Margin | 17.7% | 19.7% | 16.8% | -1.9pp | 0.9pp |
| EPS (Diluted) | $1.48 | $1.63 | $1.37 | -9.2% | 8.0% |
| Free Cash Flow | $413M | -$93M | $97M | 544.1% | 325.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $441M |
| GROSS PROFIT | $812M |
| R&D Expenses | $70M |
| Selling & Marketing | $11M |
| General & Administrative | $393M |
| SG&A Expenses | $404M |
| Other Expenses | $53M |
| Operating Expenses | $527M |
| Cost & Expenses | $968M |
| OPERATING INCOME | $285M |
| Interest Income | $1.1B |
| Interest Expense | $392M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $285M |
| Income Tax Expense | $63M |
| Net Income from Continuing Ops | $222M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $222M |
| Net Income Deductions | $2M |
| BOTTOM LINE NET INCOME | $221M |
| D&A | $28M |
| EBIT | $285M |
| EBITDA | $313M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $441M |
| GROSS PROFIT | $812M |
| R&D Expenses | $70M |
| Selling & Marketing | $11M |
| General & Administrative | $393M |
| SG&A Expenses | $404M |
| Other Expenses | $53M |
| Operating Expenses | $527M |
| Cost & Expenses | $968M |
| OPERATING INCOME | $285M |
| Interest Income | $1.1B |
| Interest Expense | $392M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $285M |
| Income Tax Expense | $63M |
| Net Income from Continuing Ops | $222M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $222M |
| Net Income Deductions | $2M |
| BOTTOM LINE NET INCOME | $221M |
| D&A | $28M |
| EBIT | $285M |
| EBITDA | $313M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $222M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | $25M |
| Change in Working Capital | $146M |
| OPERATING CASH FLOW | $438M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$209M |
| Sales/Maturities of Investments | $115M |
| Other Investing Activities | $478M |
| NET CASH FROM INVESTING | $359M |
| Net Debt Issuance | -$1.8B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$68M |
| Other Financing Activities | $1.1B |
| NET CASH FROM FINANCING | -$806M |
| FREE CASH FLOW | $413M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.2B |
| Short-Term Investments | $9.2B |
| Net Receivables | $349M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $12.7B |
| PP&E (Net) | $1.4B |
| Goodwill | $1.1B |
| Intangible Assets | $0 |
| Long-Term Investments | $68.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.5B |
| TOTAL NON-CURRENT ASSETS | $75.8B |
| TOTAL ASSETS | $88.5B |
| Account Payables | $0 |
| Short-Term Debt | $3.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $74.9B |
| TOTAL CURRENT LIABILITIES | $78.6B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $81.7B |
| Common Stock | $1.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $7.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.9B |
| TOTAL LIABILITIES & EQUITY | $88.5B |
| Total Debt | $5.2B |
| Net Debt | $2.1B |
