| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.1B | — | — | — | — |
| Op. Income | $450M | — | — | — | — |
| Gross Margin | 98.2% | — | — | — | — |
| Net Margin | -2.9% | — | — | — | — |
| EPS (Diluted) | $-0.43 | — | — | — | — |
| Free Cash Flow | $1.8B | — | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $4.1B |
| Cost of Revenue | $72M |
| GROSS PROFIT | $4.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $901M |
| SG&A Expenses | $901M |
| Other Expenses | $2.6B |
| Operating Expenses | $3.5B |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $450M |
| Interest Income | $748M |
| Interest Expense | $61M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $450M |
| Income Tax Expense | $536M |
| Net Income from Continuing Ops | -$86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$117M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$117M |
| D&A | $221M |
| EBIT | $512M |
| EBITDA | $733M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$117M |
| Depreciation & Amortization | $125M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $223M |
| Change in Working Capital | $1.6B |
| OPERATING CASH FLOW | $1.9B |
| Capital Expenditure | -$34M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$7.6B |
| Sales/Maturities of Investments | $4.6B |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$3.0B |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$68M |
| Common Dividends Paid | -$140M |
| Other Financing Activities | $453M |
| NET CASH FROM FINANCING | $244M |
| FREE CASH FLOW | $1.8B |
| Net Change in Cash | -$858M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.6B |
| Short-Term Investments | $54.6B |
| Net Receivables | $473M |
| Inventory | $0 |
| Other Current Assets | $18.2B |
| TOTAL CURRENT ASSETS | $75.8B |
| PP&E (Net) | $949M |
| Goodwill | $5.3B |
| Intangible Assets | $424M |
| Long-Term Investments | $5.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$6.5B |
| TOTAL NON-CURRENT ASSETS | $5.3B |
| TOTAL ASSETS | $109.0B |
| Account Payables | $246M |
| Short-Term Debt | $130M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$414M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $4.4B |
| Deferred Revenue NC | $95M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $95.6B |
| TOTAL NON-CURRENT LIABILITIES | $100.0B |
| TOTAL LIABILITIES | $100.0B |
| Common Stock | $0 |
| Additional Paid-In Capital | $6.0B |
| Retained Earnings | $5.5B |
| Treasury Stock | -$2.4B |
| Accum. Other Comp. Income | -$1.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.4B |
| Minority Interest | $1.5B |
| TOTAL EQUITY | $9.0B |
| TOTAL LIABILITIES & EQUITY | $109.0B |
| Total Debt | $4.8B |
| Net Debt | $2.1B |
