| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17.2B | $30.1B | $31.6B | -42.8% | -45.4% |
| Op. Income | $6.5B | $5.9B | $5.6B | 10.8% | 14.9% |
| Gross Margin | 98.2% | 51.7% | 46.8% | 46.5pp | 51.3pp |
| Net Margin | 32.7% | 15.3% | 15.0% | 17.4pp | 17.7pp |
| EPS (Diluted) | $17.55 | $14.00 | $14.12 | 25.4% | 24.3% |
| Item | Amount |
|---|---|
| REVENUE | $17.2B |
| Cost of Revenue | $315M |
| GROSS PROFIT | $16.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $2.5B |
| General & Administrative | $7.4B |
| SG&A Expenses | $10.0B |
| Other Expenses | $475M |
| Operating Expenses | $10.4B |
| Cost & Expenses | $10.7B |
| OPERATING INCOME | $6.5B |
| Interest Income | $20.6B |
| Interest Expense | $17.1B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $6.5B |
| Income Tax Expense | $856M |
| Net Income from Continuing Ops | $5.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5.6B |
| Net Income Deductions | $454M |
| BOTTOM LINE NET INCOME | $5.4B |
| D&A | $569M |
| EBIT | $6.5B |
| EBITDA | $7.1B |
| EPS | $18 |
| EPS Diluted | $18 |
| Item | Amount |
|---|---|
| REVENUE | $17.2B |
| Cost of Revenue | $315M |
| GROSS PROFIT | $16.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $2.5B |
| General & Administrative | $7.4B |
| SG&A Expenses | $10.0B |
| Other Expenses | $475M |
| Operating Expenses | $10.4B |
| Cost & Expenses | $10.7B |
| OPERATING INCOME | $6.5B |
| Interest Income | $20.6B |
| Interest Expense | $17.1B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $6.5B |
| Income Tax Expense | $856M |
| Net Income from Continuing Ops | $5.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5.6B |
| Net Income Deductions | $454M |
| BOTTOM LINE NET INCOME | $5.4B |
| D&A | $569M |
| EBIT | $6.5B |
| EBITDA | $7.1B |
| EPS | $18 |
| EPS Diluted | $18 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $179.0B |
| Short-Term Investments | $760.0B |
| Net Receivables | $209.0B |
| Inventory | $0 |
| Other Current Assets | $386.0B |
| TOTAL CURRENT ASSETS | $1.5T |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $238.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $253.0B |
| TOTAL NON-CURRENT ASSETS | $491.0B |
| TOTAL ASSETS | $2.1T |
| Account Payables | $293.0B |
| Short-Term Debt | $81.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.2T |
| TOTAL CURRENT LIABILITIES | $1.6T |
| Long-Term Debt | $315.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $315.0B |
| TOTAL LIABILITIES | $1.9T |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $123.0B |
| TOTAL STOCKHOLDERS' EQUITY | $123.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $123.0B |
| TOTAL LIABILITIES & EQUITY | $2.1T |
| Total Debt | $396.0B |
| Net Debt | $217.0B |
