| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $597M | $586M | $562M | 1.9% | 6.2% |
| Op. Income | $177M | $194M | $128M | -8.7% | 38.7% |
| Gross Margin | 51.6% | 52.1% | 54.1% | -0.4pp | -2.4pp |
| Net Margin | 25.7% | 25.4% | 15.9% | 0.4pp | 9.8pp |
| EPS (Diluted) | $4.03 | $3.88 | $2.32 | 3.9% | 73.7% |
| Free Cash Flow | $178M | $229M | $137M | -22.1% | 29.8% |
| Item | Amount |
|---|---|
| REVENUE | $597M |
| Cost of Revenue | $289M |
| GROSS PROFIT | $308M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $131M |
| Other Expenses | $0 |
| Operating Expenses | $131M |
| Cost & Expenses | $420M |
| OPERATING INCOME | $177M |
| Interest Income | $2M |
| Interest Expense | $13M |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | $189M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $154M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $154M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $154M |
| D&A | $51M |
| EBIT | $202M |
| EBITDA | $252M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $597M |
| Cost of Revenue | $289M |
| GROSS PROFIT | $308M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $131M |
| Other Expenses | $0 |
| Operating Expenses | $131M |
| Cost & Expenses | $420M |
| OPERATING INCOME | $177M |
| Interest Income | $2M |
| Interest Expense | $13M |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | $189M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $154M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $154M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $154M |
| D&A | $51M |
| EBIT | $202M |
| EBITDA | $252M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $154M |
| Depreciation & Amortization | $51M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | -$19M |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | $212M |
| Capital Expenditure | -$34M |
| Acquisitions (Net) | $25M |
| Purchases of Investments | -$14M |
| Sales/Maturities of Investments | $25M |
| Other Investing Activities | -$25M |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | -$61M |
| Common Stock Repurchased | $182M |
| Common Dividends Paid | $118M |
| Other Financing Activities | -$447M |
| NET CASH FROM FINANCING | -$208M |
| FREE CASH FLOW | $178M |
| Net Change in Cash | -$19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $338M |
| Short-Term Investments | $17M |
| Net Receivables | $271M |
| Inventory | $0 |
| Other Current Assets | $70M |
| TOTAL CURRENT ASSETS | $730M |
| PP&E (Net) | $207M |
| Goodwill | $1.3B |
| Intangible Assets | $1.9B |
| Long-Term Investments | $0 |
| Tax Assets | $61M |
| Other Non-Current Assets | $105M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $4.3B |
| Account Payables | $135M |
| Short-Term Debt | $0 |
| Deferred Revenue | $168M |
| Other Current Liabilities | $131M |
| TOTAL CURRENT LIABILITIES | $521M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $624.0K |
| Deferred Tax Liabilities | $15M |
| Other Non-Current Liabilities | $56M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $430.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $2.3B |
| Treasury Stock | -$1.7B |
| Accum. Other Comp. Income | -$64M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $4.3B |
| Total Debt | $1.6B |
| Net Debt | $1.2B |
