| Metric | Q4 2026 | Q3 2026 | Q4 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $1.9B | $1.6B | 5.6% | 19.8% |
| Op. Income | $531M | $475M | $383M | 11.8% | 38.6% |
| Gross Margin | 92.7% | 92.4% | 89.8% | 0.3pp | 2.9pp |
| Net Margin | 16.1% | 18.5% | 18.6% | -2.4pp | -2.4pp |
| EPS (Diluted) | $1.48 | $1.60 | $1.40 | -7.5% | 6.0% |
| Free Cash Flow | $965M | $430M | $678M | 124.4% | 42.3% |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $142M |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $420M |
| Selling & Marketing | $636M |
| General & Administrative | $191M |
| SG&A Expenses | $827M |
| Other Expenses | $37M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $531M |
| Interest Income | $14M |
| Interest Expense | $0 |
| Other Income/Expenses | -$86M |
| INCOME BEFORE TAX | $445M |
| Income Tax Expense | $129M |
| Net Income from Continuing Ops | $316M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $316M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $316M |
| D&A | $50M |
| EBIT | $445M |
| EBITDA | $495M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $142M |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $420M |
| Selling & Marketing | $636M |
| General & Administrative | $191M |
| SG&A Expenses | $827M |
| Other Expenses | $37M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $531M |
| Interest Income | $14M |
| Interest Expense | $0 |
| Other Income/Expenses | -$86M |
| INCOME BEFORE TAX | $445M |
| Income Tax Expense | $129M |
| Net Income from Continuing Ops | $316M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $316M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $316M |
| D&A | $50M |
| EBIT | $445M |
| EBITDA | $495M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $316M |
| Depreciation & Amortization | $50M |
| Stock-Based Compensation | $181M |
| Deferred Income Tax | $30M |
| Other Non-Cash Items | $815M |
| Change in Working Capital | -$403M |
| OPERATING CASH FLOW | $989M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$539M |
| Sales/Maturities of Investments | $202M |
| Other Investing Activities | $11M |
| NET CASH FROM INVESTING | -$350M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$916M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $534M |
| NET CASH FROM FINANCING | -$382M |
| FREE CASH FLOW | $965M |
| Net Change in Cash | $260M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.2B |
| Short-Term Investments | $348M |
| Net Receivables | $1.4B |
| Inventory | $0 |
| Other Current Assets | $906M |
| TOTAL CURRENT ASSETS | $4.9B |
| PP&E (Net) | $157M |
| Goodwill | $4.3B |
| Intangible Assets | $467M |
| Long-Term Investments | $376M |
| Tax Assets | $842M |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $7.5B |
| TOTAL ASSETS | $12.5B |
| Account Payables | $422M |
| Short-Term Debt | $52M |
| Deferred Revenue | $4.4B |
| Other Current Liabilities | $928M |
| TOTAL CURRENT LIABILITIES | $5.8B |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $287M |
| Deferred Tax Liabilities | $40M |
| Other Non-Current Liabilities | $605M |
| TOTAL NON-CURRENT LIABILITIES | $3.6B |
| TOTAL LIABILITIES | $9.4B |
| Common Stock | $4.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$232M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $12.5B |
| Total Debt | $2.7B |
| Net Debt | $485M |
