Q4 2025 Earnings

Revenue

$504M+16.1% YoY

Gross Profit

$432M85.8% margin

Operating Income

$195M38.6% margin

Net Income

$58M11.5% margin

EPS (Diluted)

$1.57

QoQ Revenue Growth

+1.9%

Operating Cash Flow

$138M

Free Cash Flow

$130M

Stock-Based Comp.

Total Assets

$14.1B

Total Liabilities

$10.5B

Stockholders' Equity

$3.7B

Cash & Equivalents

$2.6B

Metric	Current	Year Ago	Change
Revenue	$504M	$434M	+16.1%
Gross Profit	$432M	$271M	+59.5%
Operating Income	$195M	$78M	+148.0%
Net Income	$58M	$63M	-8.5%

Loan Servicing And Systems Revenue

$117M34%

Education Technology Services And Payment Processing Services

$112M33%

Payment Processing

$45M13%

Tuition Payment Plan Services

$32M9%

Private Education And Consumer Loan Servicing

$25M7%

Software Services

$11M3%

Outsourced Services Revenue And Other

$388,0000%

Other Service Offering

$361,0000%