| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.6B | $1.4B | 1.1% | 13.3% |
| Op. Income | $370M | $425M | $313M | -12.9% | 18.5% |
| Gross Margin | 78.3% | 77.9% | 78.9% | 0.4pp | -0.6pp |
| Net Margin | 5.8% | 18.7% | 27.8% | -12.9pp | -22.0pp |
| EPS (Diluted) | $0.16 | $0.50 | $0.65 | -68.0% | -75.4% |
| Free Cash Flow | $354M | $516M | -$177M | -31.5% | 299.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $341M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $268M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $603M |
| Other Expenses | -$12M |
| Operating Expenses | $859M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $370M |
| Interest Income | $36M |
| Interest Expense | $0 |
| Other Income/Expenses | -$280M |
| INCOME BEFORE TAX | $90M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $64M |
| Net Income from Discontinued Ops | $27M |
| Other Adjustments | $0 |
| NET INCOME | $91M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $91M |
| D&A | $43M |
| EBIT | $90M |
| EBITDA | $133M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $341M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $268M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $603M |
| Other Expenses | -$12M |
| Operating Expenses | $859M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $370M |
| Interest Income | $36M |
| Interest Expense | $0 |
| Other Income/Expenses | -$280M |
| INCOME BEFORE TAX | $90M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $64M |
| Net Income from Discontinued Ops | $27M |
| Other Adjustments | $0 |
| NET INCOME | $91M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $91M |
| D&A | $43M |
| EBIT | $90M |
| EBITDA | $133M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $91M |
| Depreciation & Amortization | $43M |
| Stock-Based Compensation | $39M |
| Deferred Income Tax | -$54M |
| Other Non-Cash Items | $78M |
| Change in Working Capital | $254M |
| OPERATING CASH FLOW | $451M |
| Capital Expenditure | -$97M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | -$827M |
| Sales/Maturities of Investments | $786M |
| Other Investing Activities | -$58M |
| NET CASH FROM INVESTING | -$198M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$41M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | $354M |
| Net Change in Cash | $245M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.9B |
| Short-Term Investments | $1.3B |
| Net Receivables | $912M |
| Inventory | $1.1B |
| Other Current Assets | $339M |
| TOTAL CURRENT ASSETS | $6.7B |
| PP&E (Net) | $1.9B |
| Goodwill | $1.8B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $774M |
| Tax Assets | $1.1B |
| Other Non-Current Assets | $235M |
| TOTAL NON-CURRENT ASSETS | $7.0B |
| TOTAL ASSETS | $13.7B |
| Account Payables | $228M |
| Short-Term Debt | $25M |
| Deferred Revenue | $27M |
| Other Current Liabilities | $875M |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $598M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $865M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $3.4B |
| Common Stock | $659M |
| Additional Paid-In Capital | $2.8B |
| Retained Earnings | $14.2B |
| Treasury Stock | -$7.1B |
| Accum. Other Comp. Income | -$238M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.3B |
| TOTAL LIABILITIES & EQUITY | $13.7B |
| Total Debt | $705M |
| Net Debt | -$2.2B |
