| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.9B | $4.6B | $3.5B | 8.4% | 40.4% |
| Op. Income | $582M | $72M | $423M | 706.3% | 37.5% |
| Gross Margin | 23.7% | 19.7% | 25.8% | 4.0pp | -2.1pp |
| Net Margin | 6.1% | -0.6% | 7.7% | 6.7pp | -1.6pp |
| EPS (Diluted) | $3.74 | $-0.37 | $3.59 | 1110.8% | 4.2% |
| Free Cash Flow | $490M | -$1.9B | -$344M | 126.2% | 242.4% |
| Item | Amount |
|---|---|
| REVENUE | $4.9B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $658M |
| General & Administrative | $51M |
| SG&A Expenses | $709M |
| Other Expenses | -$122M |
| Operating Expenses | $587M |
| Cost & Expenses | $4.4B |
| OPERATING INCOME | $582M |
| Interest Income | $50M |
| Interest Expense | $106M |
| Other Income/Expenses | -$184M |
| INCOME BEFORE TAX | $398M |
| Income Tax Expense | $97M |
| Net Income from Continuing Ops | $301M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $301M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $301M |
| D&A | $187M |
| EBIT | $503M |
| EBITDA | $691M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $4.9B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $658M |
| General & Administrative | $51M |
| SG&A Expenses | $709M |
| Other Expenses | -$122M |
| Operating Expenses | $587M |
| Cost & Expenses | $4.4B |
| OPERATING INCOME | $582M |
| Interest Income | $50M |
| Interest Expense | $106M |
| Other Income/Expenses | -$184M |
| INCOME BEFORE TAX | $398M |
| Income Tax Expense | $97M |
| Net Income from Continuing Ops | $301M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $301M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $301M |
| D&A | $187M |
| EBIT | $503M |
| EBITDA | $691M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $301M |
| Depreciation & Amortization | $191M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $274M |
| Change in Working Capital | -$124M |
| OPERATING CASH FLOW | $662M |
| Capital Expenditure | -$172M |
| Acquisitions (Net) | -$58M |
| Purchases of Investments | $69M |
| Sales/Maturities of Investments | -$91M |
| Other Investing Activities | $121M |
| NET CASH FROM INVESTING | -$130M |
| Net Debt Issuance | -$265M |
| Common Stock Repurchased | -$836.0K |
| Common Dividends Paid | -$24M |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$298M |
| FREE CASH FLOW | $490M |
| Net Change in Cash | $234M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $92M |
| Net Receivables | $5.8B |
| Inventory | $0 |
| Other Current Assets | $1.9B |
| TOTAL CURRENT ASSETS | $8.8B |
| PP&E (Net) | $1.4B |
| Goodwill | $2.6B |
| Intangible Assets | $3.3B |
| Long-Term Investments | $92M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.2B |
| TOTAL NON-CURRENT ASSETS | $9.7B |
| TOTAL ASSETS | $18.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3.3B |
| TOTAL CURRENT LIABILITIES | $3.6B |
| Long-Term Debt | $7.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.2B |
| TOTAL NON-CURRENT LIABILITIES | $9.5B |
| TOTAL LIABILITIES | $13.1B |
| Common Stock | $136.0K |
| Additional Paid-In Capital | $3.8B |
| Retained Earnings | $5.9B |
| Treasury Stock | -$4.3B |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.3B |
| TOTAL LIABILITIES & EQUITY | $18.5B |
| Total Debt | $7.3B |
| Net Debt | $6.2B |
