| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.1B | $2.0B | $2.0B | 6.2% | 2.5% |
| Op. Income | $630M | $586M | $517M | 7.5% | 21.9% |
| Gross Margin | 66.9% | 44.4% | 40.0% | 22.5pp | 27.0pp |
| Net Margin | 25.0% | 21.6% | 17.5% | 3.3pp | 7.5pp |
| EPS (Diluted) | $0.90 | $0.73 | $0.61 | 23.3% | 47.5% |
| Free Cash Flow | $536M | $152M | $645M | 252.6% | -16.9% |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $688M |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $24M |
| General & Administrative | -$179M |
| SG&A Expenses | -$155M |
| Other Expenses | $917M |
| Operating Expenses | $762M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $630M |
| Interest Income | $7M |
| Interest Expense | $88M |
| Other Income/Expenses | -$50M |
| INCOME BEFORE TAX | $580M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $519M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $519M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $519M |
| D&A | $161M |
| EBIT | $661M |
| EBITDA | $822M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $688M |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $24M |
| General & Administrative | -$179M |
| SG&A Expenses | -$155M |
| Other Expenses | $917M |
| Operating Expenses | $762M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $630M |
| Interest Income | $7M |
| Interest Expense | $88M |
| Other Income/Expenses | -$50M |
| INCOME BEFORE TAX | $580M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $519M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $519M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $519M |
| D&A | $161M |
| EBIT | $661M |
| EBITDA | $822M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $518M |
| Depreciation & Amortization | $161M |
| Stock-Based Compensation | $43M |
| Deferred Income Tax | $18M |
| Other Non-Cash Items | -$31M |
| Change in Working Capital | -$84M |
| OPERATING CASH FLOW | $625M |
| Capital Expenditure | -$89M |
| Acquisitions (Net) | $88M |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $35M |
| Other Investing Activities | -$663M |
| NET CASH FROM INVESTING | -$638M |
| Net Debt Issuance | -$100M |
| Common Stock Repurchased | -$286M |
| Common Dividends Paid | -$153M |
| Other Financing Activities | $69M |
| NET CASH FROM FINANCING | -$567M |
| FREE CASH FLOW | $536M |
| Net Change in Cash | -$507M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $814M |
| Short-Term Investments | $28M |
| Net Receivables | $943M |
| Inventory | $0 |
| Other Current Assets | $6.2B |
| TOTAL CURRENT ASSETS | $8.0B |
| PP&E (Net) | $1.2B |
| Goodwill | $14.4B |
| Intangible Assets | $6.5B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $993M |
| TOTAL NON-CURRENT ASSETS | $23.1B |
| TOTAL ASSETS | $31.1B |
| Account Payables | $280M |
| Short-Term Debt | $431M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7.3B |
| TOTAL CURRENT LIABILITIES | $8.0B |
| Long-Term Debt | $9.0B |
| Deferred Revenue NC | $785M |
| Deferred Tax Liabilities | $1.6B |
| Other Non-Current Liabilities | -$1.0B |
| TOTAL NON-CURRENT LIABILITIES | $10.9B |
| TOTAL LIABILITIES | $18.8B |
| Common Stock | $6M |
| Additional Paid-In Capital | $5.1B |
| Retained Earnings | $9.6B |
| Treasury Stock | -$716M |
| Accum. Other Comp. Income | -$1.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.2B |
| Minority Interest | $5M |
| TOTAL EQUITY | $12.2B |
| TOTAL LIABILITIES & EQUITY | $31.1B |
| Total Debt | $9.9B |
| Net Debt | $9.1B |
