| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $776M | $755M | $712M | 2.8% | 9.0% |
| Op. Income | $60M | $59M | $10M | 2.4% | 508.6% |
| Gross Margin | 79.4% | 79.3% | 79.2% | 0.1pp | 0.1pp |
| Net Margin | 10.8% | 8.3% | 3.8% | 2.5pp | 6.9pp |
| EPS (Diluted) | $0.39 | $0.30 | $0.13 | 30.0% | 200.0% |
| Free Cash Flow | $280M | $211M | $249M | 32.7% | 12.5% |
| Item | Amount |
|---|---|
| REVENUE | $776M |
| Cost of Revenue | $160M |
| GROSS PROFIT | $616M |
| R&D Expenses | $155M |
| Selling & Marketing | $301M |
| General & Administrative | $99M |
| SG&A Expenses | $400M |
| Other Expenses | $0 |
| Operating Expenses | $556M |
| Cost & Expenses | $716M |
| OPERATING INCOME | $60M |
| Interest Income | $8M |
| Interest Expense | $400.0K |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $68M |
| Income Tax Expense | -$16M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $29M |
| EBIT | $68M |
| EBITDA | $97M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $776M |
| Cost of Revenue | $160M |
| GROSS PROFIT | $616M |
| R&D Expenses | $155M |
| Selling & Marketing | $301M |
| General & Administrative | $99M |
| SG&A Expenses | $400M |
| Other Expenses | $0 |
| Operating Expenses | $556M |
| Cost & Expenses | $716M |
| OPERATING INCOME | $60M |
| Interest Income | $8M |
| Interest Expense | $400.0K |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $68M |
| Income Tax Expense | -$16M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $29M |
| EBIT | $68M |
| EBITDA | $97M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $83M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $150M |
| Deferred Income Tax | -$22M |
| Other Non-Cash Items | $69M |
| Change in Working Capital | -$996.0K |
| OPERATING CASH FLOW | $308M |
| Capital Expenditure | -$28M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$78M |
| Sales/Maturities of Investments | $75M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$32M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$162M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$81M |
| NET CASH FROM FINANCING | -$232M |
| FREE CASH FLOW | $280M |
| Net Change in Cash | $39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $649M |
| Short-Term Investments | $315M |
| Net Receivables | $443M |
| Inventory | $0 |
| Other Current Assets | $82M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $409M |
| Goodwill | $454M |
| Intangible Assets | $76M |
| Long-Term Investments | $134M |
| Tax Assets | $840M |
| Other Non-Current Assets | $609M |
| TOTAL NON-CURRENT ASSETS | $2.5B |
| TOTAL ASSETS | $4.0B |
| Account Payables | $31M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.5B |
| Other Current Liabilities | $227M |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $22M |
| Deferred Tax Liabilities | $21M |
| Other Non-Current Liabilities | $31M |
| TOTAL NON-CURRENT LIABILITIES | $178M |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $20.0K |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | -$1.3B |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | -$28M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $4.0B |
| Total Debt | $124M |
| Net Debt | -$524M |
