FY 2025 Earnings

Reported December 30, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$1.9B	—	$1.9B	—	1.0%
Op. Income	$421M	—	$370M	—	13.7%
Gross Margin	78.6%	—	79.3%	—	-0.7pp
Net Margin	18.7%	—	18.2%	—	0.5pp
EPS (Diluted)	$1.37	—	$1.32	—	3.3%

Revenue Flow

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$412M
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$1.1B
Operating Expenses	$1.1B
Cost & Expenses	$1.5B
OPERATING INCOME	$421M
Interest Income	$190M
Interest Expense	$0
Other Income/Expenses	$20M
INCOME BEFORE TAX	$441M
Income Tax Expense	$79M
Net Income from Continuing Ops	$362M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$361M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$361M
D&A	$0
EBIT	$441M
EBITDA	$441M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$412M
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$1.1B
Operating Expenses	$1.1B
Cost & Expenses	$1.5B
OPERATING INCOME	$421M
Interest Income	$190M
Interest Expense	$0
Other Income/Expenses	$20M
INCOME BEFORE TAX	$441M
Income Tax Expense	$79M
Net Income from Continuing Ops	$362M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$361M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$361M
D&A	$0
EBIT	$441M
EBITDA	$441M
EPS	$1
EPS Diluted	$1

Balance Sheet

Item	Amount
Cash & Equivalents	$906M
Short-Term Investments	$441M
Net Receivables	$489M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$101M
Goodwill	$0
Intangible Assets	$51M
Long-Term Investments	$1.1B
Tax Assets	$437M
Other Non-Current Assets	$177M
TOTAL NON-CURRENT ASSETS	$1.9B
TOTAL ASSETS	$3.7B
Account Payables	$0
Short-Term Debt	$25M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$25M
Long-Term Debt	$162M
Deferred Revenue NC	$164M
Deferred Tax Liabilities	$491M
Other Non-Current Liabilities	$404M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$1.3B
Common Stock	$15.1K
Additional Paid-In Capital	$864M
Retained Earnings	$1.8B
Treasury Stock	-$360M
Accum. Other Comp. Income	$154M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.4B
Minority Interest	$43M
TOTAL EQUITY	$2.5B
TOTAL LIABILITIES & EQUITY	$3.7B
Total Debt	$194M
Net Debt	-$713M