| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.2B | $1.1B | 10.9% | 20.3% |
| Op. Income | $118M | $75M | $62M | 57.3% | 91.7% |
| Gross Margin | 42.2% | 38.5% | 38.2% | 3.7pp | 4.1pp |
| Net Margin | 1.4% | 4.1% | 3.3% | -2.7pp | -1.9pp |
| EPS (Diluted) | $0.13 | $0.35 | $0.25 | -62.9% | -48.0% |
| Free Cash Flow | $230M | $230M | $266M | 0.1% | -13.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $781M |
| GROSS PROFIT | $571M |
| R&D Expenses | $229M |
| Selling & Marketing | $156M |
| General & Administrative | $67M |
| SG&A Expenses | $224M |
| Other Expenses | $0 |
| Operating Expenses | $453M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $118M |
| Interest Income | $12M |
| Interest Expense | $22M |
| Other Income/Expenses | -$116M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | -$17M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $37M |
| EBIT | $25M |
| EBITDA | $62M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $781M |
| GROSS PROFIT | $571M |
| R&D Expenses | $229M |
| Selling & Marketing | $156M |
| General & Administrative | $67M |
| SG&A Expenses | $224M |
| Other Expenses | $0 |
| Operating Expenses | $453M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $118M |
| Interest Income | $12M |
| Interest Expense | $22M |
| Other Income/Expenses | -$116M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | -$17M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $37M |
| EBIT | $25M |
| EBITDA | $62M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $19M |
| Depreciation & Amortization | $37M |
| Stock-Based Compensation | -$136M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $297M |
| Change in Working Capital | $154M |
| OPERATING CASH FLOW | $371M |
| Capital Expenditure | -$141M |
| Acquisitions (Net) | -$231M |
| Purchases of Investments | -$23M |
| Sales/Maturities of Investments | $87M |
| Other Investing Activities | $94M |
| NET CASH FROM INVESTING | -$214M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | -$42M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$72M |
| NET CASH FROM FINANCING | -$120M |
| FREE CASH FLOW | $230M |
| Net Change in Cash | $36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $216M |
| Net Receivables | $976M |
| Inventory | $826M |
| Other Current Assets | $455M |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $39M |
| Goodwill | $521M |
| Intangible Assets | $224M |
| Long-Term Investments | $57M |
| Tax Assets | $885M |
| Other Non-Current Assets | $573M |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $5.9B |
| Account Payables | $543M |
| Short-Term Debt | $12M |
| Deferred Revenue | $209M |
| Other Current Liabilities | $228M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $95M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $175M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $3.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $6.0B |
| Retained Earnings | -$3.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$55M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $5.9B |
| Total Debt | $1.6B |
| Net Debt | $490M |
