| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $846M | $810M | $703M | 4.5% | 20.4% |
| Op. Income | $49M | $11M | -$11M | 332.9% | 550.3% |
| Gross Margin | 83.7% | 83.5% | 85.3% | 0.2pp | -1.6pp |
| Net Margin | 6.4% | 2.0% | 0.7% | 4.4pp | 5.7pp |
| EPS (Diluted) | $1.04 | $0.31 | $0.09 | 235.5% | 1055.6% |
| Free Cash Flow | $204M | $177M | $181M | 15.1% | 12.3% |
| Item | Amount |
|---|---|
| REVENUE | $846M |
| Cost of Revenue | $138M |
| GROSS PROFIT | $709M |
| R&D Expenses | $221M |
| Selling & Marketing | $358M |
| General & Administrative | $82M |
| SG&A Expenses | $439M |
| Other Expenses | $0 |
| Operating Expenses | $660M |
| Cost & Expenses | $798M |
| OPERATING INCOME | $49M |
| Interest Income | $13M |
| Interest Expense | $0 |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | $62M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $54M |
| D&A | $67M |
| EBIT | $49M |
| EBITDA | $115M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $846M |
| Cost of Revenue | $138M |
| GROSS PROFIT | $709M |
| R&D Expenses | $221M |
| Selling & Marketing | $358M |
| General & Administrative | $82M |
| SG&A Expenses | $439M |
| Other Expenses | $0 |
| Operating Expenses | $660M |
| Cost & Expenses | $798M |
| OPERATING INCOME | $49M |
| Interest Income | $13M |
| Interest Expense | $0 |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | $62M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $54M |
| D&A | $67M |
| EBIT | $49M |
| EBITDA | $115M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $54M |
| Depreciation & Amortization | $39M |
| Stock-Based Compensation | $132M |
| Deferred Income Tax | $268.0K |
| Other Non-Cash Items | -$12M |
| Change in Working Capital | $34M |
| OPERATING CASH FLOW | $247M |
| Capital Expenditure | -$44M |
| Acquisitions (Net) | -$16M |
| Purchases of Investments | -$264M |
| Sales/Maturities of Investments | $354M |
| Other Investing Activities | -$30M |
| NET CASH FROM INVESTING | $30M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | $204M |
| Net Change in Cash | $268M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $882M |
| Short-Term Investments | $822M |
| Net Receivables | $419M |
| Inventory | $0 |
| Other Current Assets | $101M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $343M |
| Goodwill | $291M |
| Intangible Assets | $249M |
| Long-Term Investments | $262M |
| Tax Assets | $0 |
| Other Non-Current Assets | $485M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $3.9B |
| Account Payables | $25M |
| Short-Term Debt | $40M |
| Deferred Revenue | $1.0B |
| Other Current Liabilities | $161M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $223M |
| Deferred Revenue NC | $8M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$133M |
| TOTAL NON-CURRENT LIABILITIES | $320M |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $53.0K |
| Additional Paid-In Capital | $2.8B |
| Retained Earnings | -$754M |
| Treasury Stock | $2.0K |
| Accum. Other Comp. Income | $5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $3.9B |
| Total Debt | $485M |
| Net Debt | -$397M |
