| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.1B | $1.8B | $2.1B | 14.0% | 1.4% |
| Op. Income | $361M | $383M | $369M | -5.9% | -2.2% |
| Gross Margin | 33.6% | 36.8% | 32.6% | -3.2pp | 1.0pp |
| Net Margin | 14.1% | 16.4% | 13.9% | -2.2pp | 0.3pp |
| EPS (Diluted) | $0.38 | $0.39 | $0.37 | -1.6% | 3.4% |
| Free Cash Flow | $686M | $318M | $527M | 115.8% | 30.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $699M |
| R&D Expenses | $36M |
| Selling & Marketing | $225M |
| General & Administrative | $74M |
| SG&A Expenses | $299M |
| Other Expenses | $4M |
| Operating Expenses | $339M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $361M |
| Interest Income | $7M |
| Interest Expense | $3M |
| Other Income/Expenses | $25M |
| INCOME BEFORE TAX | $386M |
| Income Tax Expense | $74M |
| Net Income from Continuing Ops | $312M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $294M |
| Net Income Deductions | $80.1K |
| BOTTOM LINE NET INCOME | $294M |
| D&A | $281M |
| EBIT | $386M |
| EBITDA | $666M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $699M |
| R&D Expenses | $36M |
| Selling & Marketing | $225M |
| General & Administrative | $74M |
| SG&A Expenses | $299M |
| Other Expenses | $4M |
| Operating Expenses | $339M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $361M |
| Interest Income | $7M |
| Interest Expense | $3M |
| Other Income/Expenses | $25M |
| INCOME BEFORE TAX | $386M |
| Income Tax Expense | $74M |
| Net Income from Continuing Ops | $312M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $294M |
| Net Income Deductions | $80.1K |
| BOTTOM LINE NET INCOME | $294M |
| D&A | $281M |
| EBIT | $386M |
| EBITDA | $666M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $294M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $390M |
| Change in Working Capital | $330M |
| OPERATING CASH FLOW | $1.0B |
| Capital Expenditure | -$329M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$556M |
| NET CASH FROM INVESTING | -$556M |
| Net Debt Issuance | -$12M |
| Common Stock Repurchased | $160.9K |
| Common Dividends Paid | $10M |
| Other Financing Activities | -$29M |
| NET CASH FROM FINANCING | -$31M |
| FREE CASH FLOW | $686M |
| Net Change in Cash | $430M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $649M |
| Net Receivables | $1.2B |
| Inventory | $0 |
| Other Current Assets | $704M |
| TOTAL CURRENT ASSETS | $3.7B |
| PP&E (Net) | $0 |
| Goodwill | $7M |
| Intangible Assets | $1.9B |
| Long-Term Investments | $1.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $10.2B |
| TOTAL NON-CURRENT ASSETS | $13.3B |
| TOTAL ASSETS | $17.0B |
| Account Payables | $504M |
| Short-Term Debt | $71M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.2B |
| TOTAL CURRENT LIABILITIES | $2.5B |
| Long-Term Debt | $788M |
| Deferred Revenue NC | $207M |
| Deferred Tax Liabilities | $89M |
| Other Non-Current Liabilities | $469M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $4.3B |
| Common Stock | $2.5B |
| Additional Paid-In Capital | $5.5B |
| Retained Earnings | $4.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $38M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.2B |
| Minority Interest | $460M |
| TOTAL EQUITY | $12.7B |
| TOTAL LIABILITIES & EQUITY | $17.0B |
| Total Debt | $1.2B |
| Net Debt | $29M |
