| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.6B | $3.4B | $3.0B | 4.7% | 20.7% |
| Op. Income | $443M | $572M | $374M | -22.6% | 18.4% |
| Gross Margin | 76.6% | 77.3% | 78.7% | -0.7pp | -2.0pp |
| Net Margin | 11.2% | 14.7% | 13.0% | -3.5pp | -1.7pp |
| EPS (Diluted) | $0.38 | $0.48 | $0.37 | -20.8% | 2.7% |
| Free Cash Flow | $2.0B | $578M | $1.4B | 246.0% | 44.7% |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $834M |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $773M |
| Selling & Marketing | $1.1B |
| General & Administrative | $368M |
| SG&A Expenses | $1.5B |
| Other Expenses | $0 |
| Operating Expenses | $2.3B |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $443M |
| Interest Income | $105M |
| Interest Expense | $0 |
| Other Income/Expenses | $98M |
| INCOME BEFORE TAX | $541M |
| Income Tax Expense | $140M |
| Net Income from Continuing Ops | $401M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $401M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $401M |
| D&A | $212M |
| EBIT | $541M |
| EBITDA | $753M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $834M |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $773M |
| Selling & Marketing | $1.1B |
| General & Administrative | $368M |
| SG&A Expenses | $1.5B |
| Other Expenses | $0 |
| Operating Expenses | $2.3B |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $443M |
| Interest Income | $105M |
| Interest Expense | $0 |
| Other Income/Expenses | $98M |
| INCOME BEFORE TAX | $541M |
| Income Tax Expense | $140M |
| Net Income from Continuing Ops | $401M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $401M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $401M |
| D&A | $212M |
| EBIT | $541M |
| EBITDA | $753M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $401M |
| Depreciation & Amortization | $212M |
| Stock-Based Compensation | $494M |
| Deferred Income Tax | $77M |
| Other Non-Cash Items | $228M |
| Change in Working Capital | $826M |
| OPERATING CASH FLOW | $2.2B |
| Capital Expenditure | -$238M |
| Acquisitions (Net) | -$869M |
| Purchases of Investments | -$131M |
| Sales/Maturities of Investments | $728M |
| Other Investing Activities | $12M |
| NET CASH FROM INVESTING | -$498M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$597M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$142M |
| NET CASH FROM FINANCING | -$739M |
| FREE CASH FLOW | $2.0B |
| Net Change in Cash | $992M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.7B |
| Short-Term Investments | $2.6B |
| Net Receivables | $2.6B |
| Inventory | $0 |
| Other Current Assets | $970M |
| TOTAL CURRENT ASSETS | $9.9B |
| PP&E (Net) | $3.1B |
| Goodwill | $3.6B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $5.3B |
| Tax Assets | $1.1B |
| Other Non-Current Assets | $2.0B |
| TOTAL NON-CURRENT ASSETS | $16.2B |
| TOTAL ASSETS | $26.0B |
| Account Payables | $204M |
| Short-Term Debt | $112M |
| Deferred Revenue | $8.3B |
| Other Current Liabilities | $1.8B |
| TOTAL CURRENT LIABILITIES | $10.4B |
| Long-Term Debt | $2.3B |
| Deferred Revenue NC | $120M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$580M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $13.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $10.7B |
| Retained Earnings | $5.2B |
| Treasury Stock | -$3.0B |
| Accum. Other Comp. Income | $19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $13.0B |
| TOTAL LIABILITIES & EQUITY | $26.0B |
| Total Debt | $3.2B |
| Net Debt | -$523M |
