| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $986M | $967M | 2.4% | 4.4% |
| Op. Income | $417M | $374M | $400M | 11.5% | 4.3% |
| Gross Margin | 80.3% | 80.4% | 80.4% | -0.1pp | -0.1pp |
| Net Margin | 14.1% | 16.1% | 13.9% | -2.1pp | 0.2pp |
| EPS (Diluted) | $0.23 | $0.26 | $0.21 | -11.5% | 9.5% |
| Free Cash Flow | $470M | $318M | $1.4B | 47.8% | -66.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $199M |
| GROSS PROFIT | $811M |
| R&D Expenses | $81M |
| Selling & Marketing | $196M |
| General & Administrative | $67M |
| SG&A Expenses | $263M |
| Other Expenses | $50M |
| Operating Expenses | $394M |
| Cost & Expenses | $593M |
| OPERATING INCOME | $417M |
| Interest Income | $8M |
| Interest Expense | $135M |
| Other Income/Expenses | -$130M |
| INCOME BEFORE TAX | $287M |
| Income Tax Expense | $145M |
| Net Income from Continuing Ops | $142M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $142M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $142M |
| D&A | $104M |
| EBIT | $422M |
| EBITDA | $526M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $199M |
| GROSS PROFIT | $811M |
| R&D Expenses | $81M |
| Selling & Marketing | $196M |
| General & Administrative | $67M |
| SG&A Expenses | $263M |
| Other Expenses | $50M |
| Operating Expenses | $394M |
| Cost & Expenses | $593M |
| OPERATING INCOME | $417M |
| Interest Income | $8M |
| Interest Expense | $135M |
| Other Income/Expenses | -$130M |
| INCOME BEFORE TAX | $287M |
| Income Tax Expense | $145M |
| Net Income from Continuing Ops | $142M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $142M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $142M |
| D&A | $104M |
| EBIT | $422M |
| EBITDA | $526M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $142M |
| Depreciation & Amortization | $104M |
| Stock-Based Compensation | $36M |
| Deferred Income Tax | $18M |
| Other Non-Cash Items | $49M |
| Change in Working Capital | $124M |
| OPERATING CASH FLOW | $473M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$84M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$83M |
| Net Debt Issuance | -$223M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$77M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$296M |
| FREE CASH FLOW | $470M |
| Net Change in Cash | $123M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $0 |
| Net Receivables | $186M |
| Inventory | $0 |
| Other Current Assets | $116M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $109M |
| Goodwill | $10.2B |
| Intangible Assets | $2.3B |
| Long-Term Investments | $109M |
| Tax Assets | $1.2B |
| Other Non-Current Assets | $111M |
| TOTAL NON-CURRENT ASSETS | $14.1B |
| TOTAL ASSETS | $15.5B |
| Account Payables | $94M |
| Short-Term Debt | $305M |
| Deferred Revenue | $1.2B |
| Other Current Liabilities | $929M |
| TOTAL CURRENT LIABILITIES | $2.9B |
| Long-Term Debt | $8.0B |
| Deferred Revenue NC | $77M |
| Deferred Tax Liabilities | $222M |
| Other Non-Current Liabilities | $2.1B |
| TOTAL NON-CURRENT LIABILITIES | $10.4B |
| TOTAL LIABILITIES | $13.2B |
| Common Stock | $2.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $236M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$33M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $15.5B |
| Total Debt | $8.3B |
| Net Debt | $7.3B |
