| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.0B | 6.5% | 20.7% |
| Op. Income | $511M | $523M | $488M | -2.3% | 4.6% |
| Gross Margin | 69.8% | 70.8% | 77.9% | -1.0pp | -8.1pp |
| Net Margin | 21.2% | 23.7% | 23.8% | -2.5pp | -2.6pp |
| EPS (Diluted) | $3.75 | $3.91 | $3.44 | -4.1% | 9.0% |
| Free Cash Flow | $760M | -$430M | $605M | 276.9% | 25.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $377M |
| GROSS PROFIT | $872M |
| R&D Expenses | $0 |
| Selling & Marketing | $138M |
| General & Administrative | $220M |
| SG&A Expenses | $358M |
| Other Expenses | $2M |
| Operating Expenses | $361M |
| Cost & Expenses | $737M |
| OPERATING INCOME | $511M |
| Interest Income | $0 |
| Interest Expense | $113M |
| Other Income/Expenses | -$112M |
| INCOME BEFORE TAX | $399M |
| Income Tax Expense | $134M |
| Net Income from Continuing Ops | $266M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $264M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $264M |
| D&A | $117M |
| EBIT | $512M |
| EBITDA | $629M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $377M |
| GROSS PROFIT | $872M |
| R&D Expenses | $0 |
| Selling & Marketing | $138M |
| General & Administrative | $220M |
| SG&A Expenses | $358M |
| Other Expenses | $2M |
| Operating Expenses | $361M |
| Cost & Expenses | $737M |
| OPERATING INCOME | $511M |
| Interest Income | $0 |
| Interest Expense | $113M |
| Other Income/Expenses | -$112M |
| INCOME BEFORE TAX | $399M |
| Income Tax Expense | $134M |
| Net Income from Continuing Ops | $266M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $264M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $264M |
| D&A | $117M |
| EBIT | $512M |
| EBITDA | $629M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $264M |
| Depreciation & Amortization | $123M |
| Stock-Based Compensation | $28M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$473M |
| Change in Working Capital | $870M |
| OPERATING CASH FLOW | $813M |
| Capital Expenditure | -$52M |
| Acquisitions (Net) | $2.1B |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$526M |
| NET CASH FROM INVESTING | $1.5B |
| Net Debt Issuance | $1.9B |
| Common Stock Repurchased | -$500M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $300M |
| NET CASH FROM FINANCING | $1.7B |
| FREE CASH FLOW | $760M |
| Net Change in Cash | $4.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.0B |
| Short-Term Investments | $0 |
| Net Receivables | $4.0B |
| Inventory | $0 |
| Other Current Assets | $966M |
| TOTAL CURRENT ASSETS | $14.0B |
| PP&E (Net) | $572M |
| Goodwill | $7.6B |
| Intangible Assets | $3.2B |
| Long-Term Investments | $944M |
| Tax Assets | $0 |
| Other Non-Current Assets | $138M |
| TOTAL NON-CURRENT ASSETS | $12.5B |
| TOTAL ASSETS | $26.4B |
| Account Payables | $1.6B |
| Short-Term Debt | $3.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9.1B |
| TOTAL CURRENT LIABILITIES | $14.3B |
| Long-Term Debt | $6.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $614M |
| Other Non-Current Liabilities | $527M |
| TOTAL NON-CURRENT LIABILITIES | $7.9B |
| TOTAL LIABILITIES | $22.2B |
| Common Stock | $132.0K |
| Additional Paid-In Capital | $4.0B |
| Retained Earnings | $10.3B |
| Treasury Stock | -$9.0B |
| Accum. Other Comp. Income | -$1.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.9B |
| Minority Interest | $345M |
| TOTAL EQUITY | $4.2B |
| TOTAL LIABILITIES & EQUITY | $26.4B |
| Total Debt | $10.1B |
| Net Debt | $1.1B |
