| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.4B | $1.1B | 4.2% | 31.3% |
| Op. Income | $323M | $341M | $60M | -5.5% | 439.3% |
| Gross Margin | 69.0% | 68.4% | 60.2% | 0.6pp | 8.8pp |
| Net Margin | 13.9% | 16.8% | -3.1% | -2.9pp | 17.1pp |
| EPS (Diluted) | $1.41 | $1.64 | $-0.25 | -14.0% | 664.0% |
| Free Cash Flow | $390M | $261M | $209M | 49.3% | 86.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $449M |
| GROSS PROFIT | $997M |
| R&D Expenses | $130M |
| Selling & Marketing | $90M |
| General & Administrative | $0 |
| SG&A Expenses | $90M |
| Other Expenses | $455M |
| Operating Expenses | $675M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $323M |
| Interest Income | $8M |
| Interest Expense | $40M |
| Other Income/Expenses | -$52M |
| INCOME BEFORE TAX | $271M |
| Income Tax Expense | $68M |
| Net Income from Continuing Ops | $203M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $202M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $202M |
| D&A | $43M |
| EBIT | $311M |
| EBITDA | $355M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $449M |
| GROSS PROFIT | $997M |
| R&D Expenses | $130M |
| Selling & Marketing | $90M |
| General & Administrative | $0 |
| SG&A Expenses | $90M |
| Other Expenses | $455M |
| Operating Expenses | $675M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $323M |
| Interest Income | $8M |
| Interest Expense | $40M |
| Other Income/Expenses | -$52M |
| INCOME BEFORE TAX | $271M |
| Income Tax Expense | $68M |
| Net Income from Continuing Ops | $203M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $202M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $202M |
| D&A | $43M |
| EBIT | $311M |
| EBITDA | $355M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $202M |
| Depreciation & Amortization | $43M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $153M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $403M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$50M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $8M |
| NET CASH FROM INVESTING | -$93M |
| Net Debt Issuance | -$55M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$98M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$156M |
| FREE CASH FLOW | $390M |
| Net Change in Cash | $156M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $777M |
| Short-Term Investments | $105M |
| Net Receivables | $1.1B |
| Inventory | $260M |
| Other Current Assets | $382M |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $248M |
| Goodwill | $1.3B |
| Intangible Assets | $457M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.0B |
| TOTAL NON-CURRENT ASSETS | $3.0B |
| TOTAL ASSETS | $5.6B |
| Account Payables | $335M |
| Short-Term Debt | $528M |
| Deferred Revenue | $191M |
| Other Current Liabilities | $645M |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $59M |
| Other Non-Current Liabilities | $183M |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $5.0B |
| Common Stock | $110M |
| Additional Paid-In Capital | $2.7B |
| Retained Earnings | $1.6B |
| Treasury Stock | -$3.6B |
| Accum. Other Comp. Income | -$218M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $539M |
| Minority Interest | $27M |
| TOTAL EQUITY | $566M |
| TOTAL LIABILITIES & EQUITY | $5.6B |
| Total Debt | $3.4B |
| Net Debt | $2.6B |
