| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.4B | $1.2B | 10.3% | 27.8% |
| Op. Income | $384M | $444M | $297M | -13.4% | 29.0% |
| Gross Margin | 90.9% | 92.8% | 91.1% | -1.9pp | -0.2pp |
| Net Margin | 19.9% | 31.1% | 17.1% | -11.2pp | 2.8pp |
| EPS (Diluted) | $1.46 | $2.11 | $1.02 | -30.8% | 43.1% |
| Free Cash Flow | $521M | $545M | $364M | -4.3% | 43.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $137M |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $595M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $390M |
| Other Expenses | $0 |
| Operating Expenses | $986M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $384M |
| Interest Income | $31M |
| Interest Expense | $582.0K |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $390M |
| Income Tax Expense | $91M |
| Net Income from Continuing Ops | $299M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $299M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $299M |
| D&A | $24M |
| EBIT | $391M |
| EBITDA | $415M |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $137M |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $595M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $390M |
| Other Expenses | $0 |
| Operating Expenses | $986M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $384M |
| Interest Income | $31M |
| Interest Expense | $582.0K |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $390M |
| Income Tax Expense | $91M |
| Net Income from Continuing Ops | $299M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $299M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $299M |
| D&A | $24M |
| EBIT | $391M |
| EBITDA | $415M |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $299M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $13M |
| Other Non-Cash Items | $103M |
| Change in Working Capital | $103M |
| OPERATING CASH FLOW | $543M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$91M |
| Sales/Maturities of Investments | $75M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$37M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$21M |
| NET CASH FROM FINANCING | $138M |
| FREE CASH FLOW | $521M |
| Net Change in Cash | $643M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.1B |
| Short-Term Investments | $483M |
| Net Receivables | $1.0B |
| Inventory | $101M |
| Other Current Assets | $318M |
| TOTAL CURRENT ASSETS | $5.0B |
| PP&E (Net) | $758M |
| Goodwill | $133M |
| Intangible Assets | $117M |
| Long-Term Investments | $48M |
| Tax Assets | $515M |
| Other Non-Current Assets | -$48M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $7.0B |
| Account Payables | $210M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $15M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $13M |
| Other Non-Current Liabilities | $216M |
| TOTAL NON-CURRENT LIABILITIES | $288M |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $198.0K |
| Additional Paid-In Capital | $4.9B |
| Retained Earnings | $214M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.2B |
| TOTAL LIABILITIES & EQUITY | $7.0B |
| Total Debt | $69M |
| Net Debt | -$3.0B |
