| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.4B | — | $1.3B | — | 78.7% |
| Op. Income | $659M | — | $117M | — | 461.8% |
| Gross Margin | 89.3% | — | 50.6% | — | 38.6pp |
| Net Margin | 36.4% | — | 64.3% | — | -27.9pp |
| EPS (Diluted) | $13.22 | — | $12.20 | — | 8.4% |
| Free Cash Flow | $407M | — | $41M | — | 894.4% |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $258M |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $725M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $764M |
| Other Expenses | $0 |
| Operating Expenses | $1.5B |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $659M |
| Interest Income | $87M |
| Interest Expense | $2M |
| Other Income/Expenses | $129M |
| INCOME BEFORE TAX | $787M |
| Income Tax Expense | -$88M |
| Net Income from Continuing Ops | $875M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $875M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $875M |
| D&A | $0 |
| EBIT | $789M |
| EBITDA | $789M |
| EPS | $14 |
| EPS Diluted | $13 |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $258M |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $725M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $764M |
| Other Expenses | $0 |
| Operating Expenses | $1.5B |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $659M |
| Interest Income | $87M |
| Interest Expense | $2M |
| Other Income/Expenses | $129M |
| INCOME BEFORE TAX | $787M |
| Income Tax Expense | -$88M |
| Net Income from Continuing Ops | $875M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $875M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $875M |
| D&A | $0 |
| EBIT | $789M |
| EBITDA | $789M |
| EPS | $14 |
| EPS Diluted | $13 |
| Item | Amount |
|---|---|
| Net Income | $875M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$175M |
| Change in Working Capital | -$292M |
| OPERATING CASH FLOW | $408M |
| Capital Expenditure | -$900.2K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$327M |
| Sales/Maturities of Investments | $1.2B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $829M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$40M |
| NET CASH FROM FINANCING | $158M |
| FREE CASH FLOW | $407M |
| Net Change in Cash | $1.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.5B |
| Short-Term Investments | $949M |
| Net Receivables | $1.7B |
| Inventory | $474M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.9B |
| PP&E (Net) | $48M |
| Goodwill | $0 |
| Intangible Assets | $272M |
| Long-Term Investments | $90M |
| Tax Assets | $1.3B |
| Other Non-Current Assets | $78M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $8.7B |
| Account Payables | $1.3B |
| Short-Term Debt | $11M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $36M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$33M |
| TOTAL NON-CURRENT LIABILITIES | $39M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $7M |
| Additional Paid-In Capital | $6.2B |
| Retained Earnings | -$280M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $74M |
| Other Equity | $1.3B |
| TOTAL STOCKHOLDERS' EQUITY | $7.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.3B |
| TOTAL LIABILITIES & EQUITY | $8.7B |
| Total Debt | $83M |
| Net Debt | -$3.4B |