| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.4B | $641M | -22.2% | 72.2% |
| Op. Income | $436M | $636M | $142M | -31.4% | 206.5% |
| Gross Margin | 48.2% | 50.5% | 29.1% | -2.4pp | 19.1pp |
| Net Margin | 31.0% | 35.9% | 17.7% | -4.8pp | 13.4pp |
| EPS (Diluted) | $7.04 | $10.38 | $2.32 | -32.2% | 203.4% |
| Free Cash Flow | $370M | $522M | $163M | -29.2% | 127.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $572M |
| GROSS PROFIT | $532M |
| R&D Expenses | $0 |
| Selling & Marketing | -$55M |
| General & Administrative | $150M |
| SG&A Expenses | $95M |
| Other Expenses | $742.0K |
| Operating Expenses | $96M |
| Cost & Expenses | $668M |
| OPERATING INCOME | $436M |
| Interest Income | $16M |
| Interest Expense | $155.0K |
| Other Income/Expenses | $17M |
| INCOME BEFORE TAX | $453M |
| Income Tax Expense | $111M |
| Net Income from Continuing Ops | $342M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $342M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $342M |
| D&A | $25M |
| EBIT | $504M |
| EBITDA | $529M |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $572M |
| GROSS PROFIT | $532M |
| R&D Expenses | $0 |
| Selling & Marketing | -$55M |
| General & Administrative | $150M |
| SG&A Expenses | $95M |
| Other Expenses | $742.0K |
| Operating Expenses | $96M |
| Cost & Expenses | $668M |
| OPERATING INCOME | $436M |
| Interest Income | $16M |
| Interest Expense | $155.0K |
| Other Income/Expenses | $17M |
| INCOME BEFORE TAX | $453M |
| Income Tax Expense | $111M |
| Net Income from Continuing Ops | $342M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $342M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $342M |
| D&A | $25M |
| EBIT | $504M |
| EBITDA | $529M |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| Net Income | $342M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $26M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $16M |
| OPERATING CASH FLOW | $416M |
| Capital Expenditure | -$46M |
| Acquisitions (Net) | $232.0K |
| Purchases of Investments | -$400M |
| Sales/Maturities of Investments | $253M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$193M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$50M |
| Common Dividends Paid | -$169M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$219M |
| FREE CASH FLOW | $370M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $500M |
| Short-Term Investments | $893M |
| Net Receivables | $272M |
| Inventory | $296M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $1.0B |
| Goodwill | $47M |
| Intangible Assets | $15M |
| Long-Term Investments | $11M |
| Tax Assets | $18M |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $3.1B |
| Account Payables | $101M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $308M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $173M |
| Other Non-Current Liabilities | $56M |
| TOTAL NON-CURRENT LIABILITIES | $228M |
| TOTAL LIABILITIES | $536M |
| Common Stock | $751.0K |
| Additional Paid-In Capital | $81M |
| Retained Earnings | $2.6B |
| Treasury Stock | -$86M |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $5M |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $3.1B |
| Total Debt | $0 |
| Net Debt | -$500M |
