| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $939M | $914M | $852M | 2.7% | 10.2% |
| Op. Income | $166M | $124M | $138M | 33.9% | 20.3% |
| Gross Margin | 73.7% | 74.2% | 75.2% | -0.5pp | -1.5pp |
| Net Margin | 15.3% | 12.7% | 13.8% | 2.6pp | 1.5pp |
| EPS (Diluted) | $0.51 | $0.41 | $0.42 | 24.4% | 21.4% |
| Free Cash Flow | $272M | $187M | $171M | 45.5% | 59.1% |
| Item | Amount |
|---|---|
| REVENUE | $939M |
| Cost of Revenue | $247M |
| GROSS PROFIT | $692M |
| R&D Expenses | $169M |
| Selling & Marketing | $206M |
| General & Administrative | $87M |
| SG&A Expenses | $293M |
| Other Expenses | $64M |
| Operating Expenses | $526M |
| Cost & Expenses | $773M |
| OPERATING INCOME | $166M |
| Interest Income | $16M |
| Interest Expense | $0 |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | $181M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $144M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $144M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | $144M |
| D&A | $27M |
| EBIT | $181M |
| EBITDA | $208M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $939M |
| Cost of Revenue | $247M |
| GROSS PROFIT | $692M |
| R&D Expenses | $169M |
| Selling & Marketing | $206M |
| General & Administrative | $87M |
| SG&A Expenses | $293M |
| Other Expenses | $64M |
| Operating Expenses | $526M |
| Cost & Expenses | $773M |
| OPERATING INCOME | $166M |
| Interest Income | $16M |
| Interest Expense | $0 |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | $181M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $144M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $144M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | $144M |
| D&A | $27M |
| EBIT | $181M |
| EBITDA | $208M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $144M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $81M |
| Deferred Income Tax | $67M |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$47M |
| OPERATING CASH FLOW | $287M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$86M |
| Sales/Maturities of Investments | $94M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$62M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | -$70M |
| FREE CASH FLOW | $272M |
| Net Change in Cash | $205M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $39M |
| Net Receivables | $1.0B |
| Inventory | $0 |
| Other Current Assets | $260M |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $249M |
| Goodwill | $392M |
| Intangible Assets | $74M |
| Long-Term Investments | $62M |
| Tax Assets | $696M |
| Other Non-Current Assets | $36M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $4.5B |
| Account Payables | $78M |
| Short-Term Debt | $0 |
| Deferred Revenue | $219M |
| Other Current Liabilities | $216M |
| TOTAL CURRENT LIABILITIES | $832M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $216M |
| TOTAL NON-CURRENT LIABILITIES | $250M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $7.0B |
| Retained Earnings | -$3.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $4.5B |
| Total Debt | $37M |
| Net Debt | -$1.7B |
