| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.0B | $3.4B | — | 14.8% | — |
| Op. Income | $147M | $258M | — | -43.0% | — |
| Gross Margin | 51.1% | 51.0% | — | 0.0pp | — |
| Net Margin | 5.4% | 7.1% | — | -1.7pp | — |
| EPS (Diluted) | $0.48 | $0.55 | — | -12.7% | — |
| Free Cash Flow | $254M | $723M | — | -64.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $419M |
| Selling & Marketing | $707M |
| General & Administrative | $480M |
| SG&A Expenses | $1.2B |
| Other Expenses | $267M |
| Operating Expenses | $1.9B |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $147M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $75M |
| INCOME BEFORE TAX | $222M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $216M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $213M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $213M |
| D&A | $267M |
| EBIT | $222M |
| EBITDA | $489M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $419M |
| Selling & Marketing | $707M |
| General & Administrative | $480M |
| SG&A Expenses | $1.2B |
| Other Expenses | $267M |
| Operating Expenses | $1.9B |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $147M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $75M |
| INCOME BEFORE TAX | $222M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $216M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $213M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $213M |
| D&A | $267M |
| EBIT | $222M |
| EBITDA | $489M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $213M |
| Depreciation & Amortization | $267M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $300M |
| Change in Working Capital | -$359M |
| OPERATING CASH FLOW | $421M |
| Capital Expenditure | -$167M |
| Acquisitions (Net) | -$3.0B |
| Purchases of Investments | -$310M |
| Sales/Maturities of Investments | $337M |
| Other Investing Activities | -$24M |
| NET CASH FROM INVESTING | -$3.1B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$20M |
| NET CASH FROM FINANCING | -$19M |
| FREE CASH FLOW | $254M |
| Net Change in Cash | -$2.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.4B |
| Short-Term Investments | $1.1B |
| Net Receivables | $1.1B |
| Inventory | $0 |
| Other Current Assets | $2.0B |
| TOTAL CURRENT ASSETS | $8.6B |
| PP&E (Net) | $1.5B |
| Goodwill | $5.5B |
| Intangible Assets | $2.3B |
| Long-Term Investments | $837M |
| Tax Assets | $0 |
| Other Non-Current Assets | $896M |
| TOTAL NON-CURRENT ASSETS | $11.0B |
| TOTAL ASSETS | $19.7B |
| Account Payables | $397M |
| Short-Term Debt | $105M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.6B |
| TOTAL CURRENT LIABILITIES | $6.1B |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$180M |
| TOTAL NON-CURRENT LIABILITIES | $3.5B |
| TOTAL LIABILITIES | $9.6B |
| Common Stock | $0 |
| Additional Paid-In Capital | $14.1B |
| Retained Earnings | -$4.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $261M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.0B |
| Minority Interest | $13M |
| TOTAL EQUITY | $10.0B |
| TOTAL LIABILITIES & EQUITY | $19.7B |
| Total Debt | $3.8B |
| Net Debt | -$627M |
