| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $678M | $665M | $635M | 1.8% | 6.7% |
| Op. Income | $199M | $204M | $219M | -2.2% | -8.9% |
| Gross Margin | 85.3% | 84.5% | 87.4% | 0.8pp | -2.1pp |
| Net Margin | 52.9% | 30.5% | 32.6% | 22.5pp | 20.4pp |
| EPS (Diluted) | $3.28 | $1.84 | $1.83 | 78.3% | 79.2% |
| Free Cash Flow | $273M | $256M | $244M | 6.5% | 11.7% |
| Item | Amount |
|---|---|
| REVENUE | $678M |
| Cost of Revenue | $99M |
| GROSS PROFIT | $578M |
| R&D Expenses | $118M |
| Selling & Marketing | $227M |
| General & Administrative | $34M |
| SG&A Expenses | $262M |
| Other Expenses | $0 |
| Operating Expenses | $379M |
| Cost & Expenses | $478M |
| OPERATING INCOME | $199M |
| Interest Income | $29M |
| Interest Expense | $0 |
| Other Income/Expenses | $29M |
| INCOME BEFORE TAX | $228M |
| Income Tax Expense | -$131M |
| Net Income from Continuing Ops | $359M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $359M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $359M |
| D&A | $25M |
| EBIT | $228M |
| EBITDA | $253M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $678M |
| Cost of Revenue | $99M |
| GROSS PROFIT | $578M |
| R&D Expenses | $118M |
| Selling & Marketing | $227M |
| General & Administrative | $34M |
| SG&A Expenses | $262M |
| Other Expenses | $0 |
| Operating Expenses | $379M |
| Cost & Expenses | $478M |
| OPERATING INCOME | $199M |
| Interest Income | $29M |
| Interest Expense | $0 |
| Other Income/Expenses | $29M |
| INCOME BEFORE TAX | $228M |
| Income Tax Expense | -$131M |
| Net Income from Continuing Ops | $359M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $359M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $359M |
| D&A | $25M |
| EBIT | $228M |
| EBITDA | $253M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $359M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $131M |
| Change in Working Capital | -$235M |
| OPERATING CASH FLOW | $279M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$167M |
| NET CASH FROM INVESTING | -$177M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$366M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$204M |
| FREE CASH FLOW | $273M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $620M |
| Short-Term Investments | $849M |
| Net Receivables | $428M |
| Inventory | $0 |
| Other Current Assets | $134M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $83M |
| Goodwill | $1.8B |
| Intangible Assets | $176M |
| Long-Term Investments | $1.3B |
| Tax Assets | $62M |
| Other Non-Current Assets | $245M |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $5.7B |
| Account Payables | $395M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.3B |
| Other Current Liabilities | -$351M |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $570M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $338M |
| TOTAL NON-CURRENT LIABILITIES | $907M |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $800.0K |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | $14.8B |
| Treasury Stock | -$15.1B |
| Accum. Other Comp. Income | $33M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $5.7B |
| Total Debt | $0 |
| Net Debt | -$620M |
