| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $826M | $769M | $657M | 7.5% | 25.7% |
| Op. Income | $172M | $135M | $60M | 27.2% | 184.8% |
| Gross Margin | 72.0% | 63.3% | 59.9% | 8.7pp | 12.1pp |
| Net Margin | 17.0% | 15.5% | 4.0% | 1.5pp | 13.0pp |
| EPS (Diluted) | $1.01 | $0.88 | $0.19 | 14.8% | 431.6% |
| Free Cash Flow | $192M | $219M | $193M | -12.1% | -0.4% |
| Item | Amount |
|---|---|
| REVENUE | $826M |
| Cost of Revenue | $231M |
| GROSS PROFIT | $595M |
| R&D Expenses | $74M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $456M |
| Other Expenses | -$107M |
| Operating Expenses | $423M |
| Cost & Expenses | $655M |
| OPERATING INCOME | $172M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $174M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $141M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $141M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $141M |
| D&A | $70M |
| EBIT | $174M |
| EBITDA | $244M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $826M |
| Cost of Revenue | $231M |
| GROSS PROFIT | $595M |
| R&D Expenses | $74M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $456M |
| Other Expenses | -$107M |
| Operating Expenses | $423M |
| Cost & Expenses | $655M |
| OPERATING INCOME | $172M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $174M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $141M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $141M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $141M |
| D&A | $70M |
| EBIT | $174M |
| EBITDA | $244M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $141M |
| Depreciation & Amortization | $70M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $18M |
| Other Non-Cash Items | $46M |
| Change in Working Capital | -$37M |
| OPERATING CASH FLOW | $249M |
| Capital Expenditure | -$56M |
| Acquisitions (Net) | -$247M |
| Purchases of Investments | -$70M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | $247M |
| NET CASH FROM INVESTING | -$111M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$45M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $58M |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | $192M |
| Net Change in Cash | $154M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $526M |
| Short-Term Investments | $31M |
| Net Receivables | $679M |
| Inventory | $759M |
| Other Current Assets | $130M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $628M |
| Goodwill | $1.4B |
| Intangible Assets | $745M |
| Long-Term Investments | $0 |
| Tax Assets | $218M |
| Other Non-Current Assets | $151M |
| TOTAL NON-CURRENT ASSETS | $3.2B |
| TOTAL ASSETS | $5.3B |
| Account Payables | $99M |
| Short-Term Debt | $15M |
| Deferred Revenue | $28M |
| Other Current Liabilities | $357M |
| TOTAL CURRENT LIABILITIES | $498M |
| Long-Term Debt | $104M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $24M |
| Other Non-Current Liabilities | $103M |
| TOTAL NON-CURRENT LIABILITIES | $231M |
| TOTAL LIABILITIES | $730M |
| Common Stock | $135.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $15M |
| Other Equity | $3.2B |
| TOTAL STOCKHOLDERS' EQUITY | $4.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.6B |
| TOTAL LIABILITIES & EQUITY | $5.3B |
| Total Debt | $119M |
| Net Debt | -$408M |
