| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.1B | $3.1B | $3.7B | 32.3% | 9.7% |
| Op. Income | $1.6B | $612M | $1.5B | 165.5% | 6.6% |
| Gross Margin | 86.6% | 82.4% | 87.5% | 4.2pp | -0.9pp |
| Net Margin | 33.6% | 20.7% | 36.7% | 12.8pp | -3.1pp |
| EPS (Diluted) | $2.21 | $1.03 | $2.13 | 114.6% | 3.8% |
| Free Cash Flow | $1.4B | $952M | $1.1B | 42.4% | 25.8% |
| Item | Amount |
|---|---|
| REVENUE | $4.1B |
| Cost of Revenue | $549M |
| GROSS PROFIT | $3.5B |
| R&D Expenses | $587M |
| Selling & Marketing | $639M |
| General & Administrative | $330M |
| SG&A Expenses | $969M |
| Other Expenses | $365M |
| Operating Expenses | $1.9B |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $1.6B |
| Interest Income | $180M |
| Interest Expense | $0 |
| Other Income/Expenses | $167M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $418M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $21M |
| EBIT | $1.8B |
| EBITDA | $1.8B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $4.1B |
| Cost of Revenue | $549M |
| GROSS PROFIT | $3.5B |
| R&D Expenses | $587M |
| Selling & Marketing | $639M |
| General & Administrative | $330M |
| SG&A Expenses | $969M |
| Other Expenses | $365M |
| Operating Expenses | $1.9B |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $1.6B |
| Interest Income | $180M |
| Interest Expense | $0 |
| Other Income/Expenses | $167M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $418M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $21M |
| EBIT | $1.8B |
| EBITDA | $1.8B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.4B |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $399M |
| Deferred Income Tax | $266M |
| Other Non-Cash Items | $43M |
| Change in Working Capital | -$748M |
| OPERATING CASH FLOW | $1.4B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.0B |
| Sales/Maturities of Investments | $820M |
| Other Investing Activities | -$9M |
| NET CASH FROM INVESTING | -$206M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1.0B |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3.8B |
| NET CASH FROM FINANCING | -$4.8B |
| FREE CASH FLOW | $1.4B |
| Net Change in Cash | -$3.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.6B |
| Short-Term Investments | $4.2B |
| Net Receivables | $7.4B |
| Inventory | $0 |
| Other Current Assets | $465M |
| TOTAL CURRENT ASSETS | $19.5B |
| PP&E (Net) | $272M |
| Goodwill | $0 |
| Intangible Assets | $773M |
| Long-Term Investments | $0 |
| Tax Assets | $2.1B |
| Other Non-Current Assets | $335M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $23.1B |
| Account Payables | $181M |
| Short-Term Debt | $2.0B |
| Deferred Revenue | $1.8B |
| Other Current Liabilities | $543M |
| TOTAL CURRENT LIABILITIES | $14.0B |
| Long-Term Debt | $213M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$11M |
| TOTAL NON-CURRENT LIABILITIES | $415M |
| TOTAL LIABILITIES | $14.5B |
| Common Stock | $0 |
| Additional Paid-In Capital | $13.4B |
| Retained Earnings | -$4.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$79M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.6B |
| TOTAL LIABILITIES & EQUITY | $23.1B |
| Total Debt | $2.5B |
| Net Debt | -$5.1B |
