| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.1B | $2.2B | $1.8B | -3.0% | 17.6% |
| Op. Income | $543M | $675M | $381M | -19.7% | 42.3% |
| Gross Margin | 55.5% | 55.7% | 55.3% | -0.2pp | 0.2pp |
| Net Margin | 21.1% | 23.9% | 14.9% | -2.8pp | 6.1pp |
| EPS (Diluted) | $0.46 | $0.53 | $0.28 | -13.2% | 64.3% |
| Free Cash Flow | $351M | $702M | $350M | -49.9% | 0.5% |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $948M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $641M |
| Operating Expenses | $641M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $543M |
| Interest Income | $26M |
| Interest Expense | $300.0K |
| Other Income/Expenses | $26M |
| INCOME BEFORE TAX | $568M |
| Income Tax Expense | $119M |
| Net Income from Continuing Ops | $449M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $449M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $449M |
| D&A | $32M |
| EBIT | $569M |
| EBITDA | $601M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $948M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $641M |
| Operating Expenses | $641M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $543M |
| Interest Income | $26M |
| Interest Expense | $300.0K |
| Other Income/Expenses | $26M |
| INCOME BEFORE TAX | $568M |
| Income Tax Expense | $119M |
| Net Income from Continuing Ops | $449M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $449M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $449M |
| D&A | $32M |
| EBIT | $569M |
| EBITDA | $601M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $449M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | $39M |
| Deferred Income Tax | -$455.0K |
| Other Non-Cash Items | $61M |
| Change in Working Capital | -$202M |
| OPERATING CASH FLOW | $379M |
| Capital Expenditure | -$28M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | $618M |
| Sales/Maturities of Investments | -$21M |
| Other Investing Activities | -$1.3B |
| NET CASH FROM INVESTING | -$598M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$60M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | $351M |
| Net Change in Cash | -$205M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.1B |
| Short-Term Investments | $677M |
| Net Receivables | $1.6B |
| Inventory | $800M |
| Other Current Assets | $104M |
| TOTAL CURRENT ASSETS | $5.4B |
| PP&E (Net) | $1.1B |
| Goodwill | $1.3B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $487M |
| Tax Assets | $189M |
| Other Non-Current Assets | $159M |
| TOTAL NON-CURRENT ASSETS | $4.6B |
| TOTAL ASSETS | $10.0B |
| Account Payables | $566M |
| Short-Term Debt | $0 |
| Deferred Revenue | $45M |
| Other Current Liabilities | $114M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $160M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $127M |
| TOTAL NON-CURRENT LIABILITIES | $287M |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $6M |
| Additional Paid-In Capital | $5.4B |
| Retained Earnings | $9.4B |
| Treasury Stock | -$6.5B |
| Accum. Other Comp. Income | -$61M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.3B |
| TOTAL LIABILITIES & EQUITY | $10.0B |
| Total Debt | $0 |
| Net Debt | -$2.1B |
