| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $823M | $817M | $566M | 0.6% | 45.3% |
| Op. Income | $530M | $498M | $283M | 6.3% | 87.1% |
| Gross Margin | 88.7% | 87.6% | 82.5% | 1.1pp | 6.2pp |
| Net Margin | 52.7% | 50.4% | 42.2% | 2.2pp | 10.4pp |
| EPS (Diluted) | $3.06 | $2.91 | $1.71 | 5.3% | 79.6% |
| Item | Amount |
|---|---|
| REVENUE | $823M |
| Cost of Revenue | $93M |
| GROSS PROFIT | $729M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $200M |
| Operating Expenses | $200M |
| Cost & Expenses | $293M |
| OPERATING INCOME | $530M |
| Interest Income | $388M |
| Interest Expense | $0 |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $514M |
| Income Tax Expense | $84M |
| Net Income from Continuing Ops | $430M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $5M |
| NET INCOME | $433M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $433M |
| D&A | $0 |
| EBIT | $514M |
| EBITDA | $514M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $823M |
| Cost of Revenue | $93M |
| GROSS PROFIT | $729M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $200M |
| Operating Expenses | $200M |
| Cost & Expenses | $293M |
| OPERATING INCOME | $530M |
| Interest Income | $388M |
| Interest Expense | $0 |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $514M |
| Income Tax Expense | $84M |
| Net Income from Continuing Ops | $430M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $5M |
| NET INCOME | $433M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $433M |
| D&A | $0 |
| EBIT | $514M |
| EBITDA | $514M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15.8B |
| Short-Term Investments | $854M |
| Net Receivables | $3.5B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $20.2B |
| PP&E (Net) | $73M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $161M |
| Tax Assets | $0 |
| Other Non-Current Assets | $8.7B |
| TOTAL NON-CURRENT ASSETS | $9.0B |
| TOTAL ASSETS | $29.2B |
| Account Payables | $0 |
| Short-Term Debt | $2.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$26M |
| TOTAL CURRENT LIABILITIES | $2.2B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $21.8B |
| TOTAL NON-CURRENT LIABILITIES | $21.8B |
| TOTAL LIABILITIES | $24.0B |
| Common Stock | $12.8K |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $3.3B |
| Treasury Stock | -$664M |
| Accum. Other Comp. Income | $7M |
| Other Equity | -$12.8K |
| TOTAL STOCKHOLDERS' EQUITY | $5.1B |
| Minority Interest | $41M |
| TOTAL EQUITY | $5.1B |
| TOTAL LIABILITIES & EQUITY | $29.2B |
| Total Debt | $2.3B |
| Net Debt | -$13.6B |
