| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.4B | $3.2B | $2.8B | 6.0% | 21.8% |
| Op. Income | $572M | $358M | $418M | 59.8% | 36.8% |
| Gross Margin | 77.3% | 77.5% | 79.1% | -0.2pp | -1.8pp |
| Net Margin | 14.7% | 12.0% | 15.4% | 2.8pp | -0.7pp |
| EPS (Diluted) | $0.48 | $0.37 | $0.41 | 29.7% | 17.1% |
| Free Cash Flow | $578M | $526M | $469M | 9.9% | 23.2% |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $774M |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $750M |
| Selling & Marketing | $1.1B |
| General & Administrative | $255M |
| SG&A Expenses | $1.3B |
| Other Expenses | $0 |
| Operating Expenses | $2.1B |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $572M |
| Interest Income | $115M |
| Interest Expense | $6M |
| Other Income/Expenses | $122M |
| INCOME BEFORE TAX | $694M |
| Income Tax Expense | $192M |
| Net Income from Continuing Ops | $502M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $502M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $502M |
| D&A | $194M |
| EBIT | $700M |
| EBITDA | $894M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $774M |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $750M |
| Selling & Marketing | $1.1B |
| General & Administrative | $255M |
| SG&A Expenses | $1.3B |
| Other Expenses | $0 |
| Operating Expenses | $2.1B |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $572M |
| Interest Income | $115M |
| Interest Expense | $6M |
| Other Income/Expenses | $122M |
| INCOME BEFORE TAX | $694M |
| Income Tax Expense | $192M |
| Net Income from Continuing Ops | $502M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $502M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $502M |
| D&A | $194M |
| EBIT | $700M |
| EBITDA | $894M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $502M |
| Depreciation & Amortization | $221M |
| Stock-Based Compensation | $492M |
| Deferred Income Tax | $124M |
| Other Non-Cash Items | $115M |
| Change in Working Capital | -$641M |
| OPERATING CASH FLOW | $813M |
| Capital Expenditure | -$235M |
| Acquisitions (Net) | -$139M |
| Purchases of Investments | -$1.3B |
| Sales/Maturities of Investments | $1.1B |
| Other Investing Activities | -$27M |
| NET CASH FROM INVESTING | -$551M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$584M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$190M |
| NET CASH FROM FINANCING | -$657M |
| FREE CASH FLOW | $578M |
| Net Change in Cash | -$408M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.7B |
| Short-Term Investments | $2.7B |
| Net Receivables | $1.5B |
| Inventory | $0 |
| Other Current Assets | $1.4B |
| TOTAL CURRENT ASSETS | $8.4B |
| PP&E (Net) | $2.9B |
| Goodwill | $1.8B |
| Intangible Assets | $391M |
| Long-Term Investments | $1.5B |
| Tax Assets | $1.2B |
| Other Non-Current Assets | $5.6B |
| TOTAL NON-CURRENT ASSETS | $13.4B |
| TOTAL ASSETS | $21.8B |
| Account Payables | $146M |
| Short-Term Debt | $107M |
| Deferred Revenue | $6.3B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $7.9B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $115M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $211M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $10.5B |
| Common Stock | $0 |
| Additional Paid-In Capital | $8.9B |
| Retained Earnings | $4.8B |
| Treasury Stock | -$2.5B |
| Accum. Other Comp. Income | -$17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $11.3B |
| TOTAL LIABILITIES & EQUITY | $21.8B |
| Total Debt | $2.4B |
| Net Debt | -$323M |
