| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.4B | $3.3B | $2.7B | 4.9% | 27.3% |
| Op. Income | $258M | $163M | $107M | 58.3% | 141.1% |
| Gross Margin | 51.0% | 50.8% | 49.2% | 0.3pp | 1.8pp |
| Net Margin | 7.1% | 8.7% | 6.0% | -1.6pp | 1.1pp |
| EPS (Diluted) | $0.55 | $0.65 | $0.38 | -15.4% | 44.7% |
| Free Cash Flow | $723M | $355M | $444M | 103.7% | 62.8% |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $355M |
| Selling & Marketing | $576M |
| General & Administrative | $400M |
| SG&A Expenses | $976M |
| Other Expenses | $170M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $258M |
| Interest Income | $71M |
| Interest Expense | $0 |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $248M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $243M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $2M |
| NET INCOME | $244M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $244M |
| D&A | $169M |
| EBIT | $248M |
| EBITDA | $417M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $355M |
| Selling & Marketing | $576M |
| General & Administrative | $400M |
| SG&A Expenses | $976M |
| Other Expenses | $170M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $258M |
| Interest Income | $71M |
| Interest Expense | $0 |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $248M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $243M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $2M |
| NET INCOME | $244M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $244M |
| D&A | $169M |
| EBIT | $248M |
| EBITDA | $417M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $243M |
| Depreciation & Amortization | $169M |
| Stock-Based Compensation | $258M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $63M |
| Change in Working Capital | $138M |
| OPERATING CASH FLOW | $871M |
| Capital Expenditure | -$148M |
| Acquisitions (Net) | -$25M |
| Purchases of Investments | -$388M |
| Sales/Maturities of Investments | $388M |
| Other Investing Activities | -$85M |
| NET CASH FROM INVESTING | -$173M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | $723M |
| Net Change in Cash | $699M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.3B |
| Short-Term Investments | $964M |
| Net Receivables | $894M |
| Inventory | $0 |
| Other Current Assets | $4.5B |
| TOTAL CURRENT ASSETS | $10.5B |
| PP&E (Net) | $1.4B |
| Goodwill | $3.6B |
| Intangible Assets | $878M |
| Long-Term Investments | $849M |
| Tax Assets | $0 |
| Other Non-Current Assets | $809M |
| TOTAL NON-CURRENT ASSETS | $7.5B |
| TOTAL ASSETS | $18.0B |
| Account Payables | $257M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.6B |
| TOTAL CURRENT LIABILITIES | $5.1B |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $155M |
| TOTAL NON-CURRENT LIABILITIES | $3.3B |
| TOTAL LIABILITIES | $8.5B |
| Common Stock | $0 |
| Additional Paid-In Capital | $13.8B |
| Retained Earnings | -$4.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $268M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.5B |
| Minority Interest | $13M |
| TOTAL EQUITY | $9.5B |
| TOTAL LIABILITIES & EQUITY | $18.0B |
| Total Debt | $3.3B |
| Net Debt | -$22M |
