FY 2025 Earnings

Reported March 13, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.2B	—	6.6%
Op. Income	$261M	—	$241M	—	8.3%
Gross Margin	49.0%	—	48.7%	—	0.3pp
Net Margin	16.2%	—	16.1%	—	0.1pp
EPS (Diluted)	$4.14	—	$3.89	—	6.4%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$662M
GROSS PROFIT	$636M
R&D Expenses	$0
Selling & Marketing	$308M
General & Administrative	$66M
SG&A Expenses	$374M
Other Expenses	$0
Operating Expenses	$374M
Cost & Expenses	$1.0B
OPERATING INCOME	$261M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$15M
INCOME BEFORE TAX	$276M
Income Tax Expense	$66M
Net Income from Continuing Ops	$210M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$210M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$210M
D&A	$0
EBIT	$261M
EBITDA	$261M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$662M
GROSS PROFIT	$636M
R&D Expenses	$0
Selling & Marketing	$308M
General & Administrative	$66M
SG&A Expenses	$374M
Other Expenses	$0
Operating Expenses	$374M
Cost & Expenses	$1.0B
OPERATING INCOME	$261M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$15M
INCOME BEFORE TAX	$276M
Income Tax Expense	$66M
Net Income from Continuing Ops	$210M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$210M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$210M
D&A	$0
EBIT	$261M
EBITDA	$261M
EPS	$4
EPS Diluted	$4

Balance Sheet

Item	Amount
Cash & Equivalents	$249M
Short-Term Investments	$25M
Net Receivables	$11M
Inventory	$140M
Other Current Assets	$23M
TOTAL CURRENT ASSETS	$448M
PP&E (Net)	$502M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$32M
Tax Assets	$0
Other Non-Current Assets	$9M
TOTAL NON-CURRENT ASSETS	$543M
TOTAL ASSETS	$991M
Account Payables	$48M
Short-Term Debt	$86M
Deferred Revenue	$0
Other Current Liabilities	$37M
TOTAL CURRENT LIABILITIES	$237M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$32M
TOTAL NON-CURRENT LIABILITIES	$330M
TOTAL LIABILITIES	$567M
Common Stock	$512.0K
Additional Paid-In Capital	$222M
Retained Earnings	$202M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$425M
Minority Interest	$0
TOTAL EQUITY	$425M
TOTAL LIABILITIES & EQUITY	$991M
Total Debt	$384M
Net Debt	$134M