| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $780M | $731M | $695M | 6.7% | 12.2% |
| Op. Income | $196M | $159M | $163M | 23.5% | 20.4% |
| Gross Margin | 81.0% | 80.7% | 80.4% | 0.2pp | 0.6pp |
| Net Margin | 24.3% | 19.9% | 20.7% | 4.4pp | 3.6pp |
| EPS (Diluted) | $3.25 | $2.48 | $2.44 | 31.0% | 33.2% |
| Free Cash Flow | $274M | $246M | $153M | 11.2% | 78.7% |
| Item | Amount |
|---|---|
| REVENUE | $780M |
| Cost of Revenue | $149M |
| GROSS PROFIT | $632M |
| R&D Expenses | $136M |
| Selling & Marketing | $220M |
| General & Administrative | $79M |
| SG&A Expenses | $299M |
| Other Expenses | $0 |
| Operating Expenses | $435M |
| Cost & Expenses | $584M |
| OPERATING INCOME | $196M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $17M |
| INCOME BEFORE TAX | $213M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $190M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $190M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $190M |
| D&A | $22M |
| EBIT | $196M |
| EBITDA | $219M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $780M |
| Cost of Revenue | $149M |
| GROSS PROFIT | $632M |
| R&D Expenses | $136M |
| Selling & Marketing | $220M |
| General & Administrative | $79M |
| SG&A Expenses | $299M |
| Other Expenses | $0 |
| Operating Expenses | $435M |
| Cost & Expenses | $584M |
| OPERATING INCOME | $196M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $17M |
| INCOME BEFORE TAX | $213M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $190M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $190M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $190M |
| D&A | $22M |
| EBIT | $196M |
| EBITDA | $219M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $190M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $57M |
| Deferred Income Tax | -$17M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $21M |
| OPERATING CASH FLOW | $282M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | -$14M |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$125M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$93M |
| FREE CASH FLOW | $274M |
| Net Change in Cash | $168M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $0 |
| Net Receivables | $820M |
| Inventory | $67M |
| Other Current Assets | $47M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $335M |
| Goodwill | $2.3B |
| Intangible Assets | $88M |
| Long-Term Investments | $346M |
| Tax Assets | $431M |
| Other Non-Current Assets | $140M |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $6.1B |
| Account Payables | $69M |
| Short-Term Debt | $30M |
| Deferred Revenue | $1.2B |
| Other Current Liabilities | $44M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $229M |
| Deferred Revenue NC | $756M |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | -$133M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $41M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $6.1B |
| Total Debt | $489M |
| Net Debt | -$938M |
