| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.6B | $1.7B | 5.5% | 3.9% |
| Op. Income | $348M | $362M | $366M | -3.9% | -4.9% |
| Gross Margin | 68.9% | 69.8% | 70.5% | -0.9pp | -1.7pp |
| Net Margin | 19.6% | 18.2% | 17.5% | 1.4pp | 2.2pp |
| EPS (Diluted) | $1.65 | $1.44 | $1.37 | 14.6% | 20.4% |
| Free Cash Flow | $640M | $338M | $567M | 89.3% | 12.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $539M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $256M |
| Selling & Marketing | $458M |
| General & Administrative | $85M |
| SG&A Expenses | $543M |
| Other Expenses | $46M |
| Operating Expenses | $845M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $348M |
| Interest Income | $29M |
| Interest Expense | $21M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $354M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $340M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $340M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $340M |
| D&A | $53M |
| EBIT | $375M |
| EBITDA | $428M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $539M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $256M |
| Selling & Marketing | $458M |
| General & Administrative | $85M |
| SG&A Expenses | $543M |
| Other Expenses | $46M |
| Operating Expenses | $845M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $348M |
| Interest Income | $29M |
| Interest Expense | $21M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $354M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $340M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $340M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $340M |
| D&A | $53M |
| EBIT | $375M |
| EBITDA | $428M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $340M |
| Depreciation & Amortization | $53M |
| Stock-Based Compensation | $95M |
| Deferred Income Tax | $10M |
| Other Non-Cash Items | $35M |
| Change in Working Capital | $142M |
| OPERATING CASH FLOW | $675M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$345M |
| Sales/Maturities of Investments | -$1.6B |
| Other Investing Activities | $1.7B |
| NET CASH FROM INVESTING | -$313M |
| Net Debt Issuance | $1.2B |
| Common Stock Repurchased | -$250M |
| Common Dividends Paid | -$105M |
| Other Financing Activities | -$34M |
| NET CASH FROM FINANCING | $851M |
| FREE CASH FLOW | $640M |
| Net Change in Cash | $1.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.7B |
| Short-Term Investments | $1.1B |
| Net Receivables | $1.2B |
| Inventory | $186M |
| Other Current Assets | $573M |
| TOTAL CURRENT ASSETS | $5.9B |
| PP&E (Net) | $804M |
| Goodwill | $2.7B |
| Intangible Assets | $43M |
| Long-Term Investments | $92M |
| Tax Assets | $994M |
| Other Non-Current Assets | $316M |
| TOTAL NON-CURRENT ASSETS | $5.0B |
| TOTAL ASSETS | $10.8B |
| Account Payables | $511M |
| Short-Term Debt | $750M |
| Deferred Revenue | $2.3B |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $4.7B |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $2.3B |
| Deferred Tax Liabilities | $45M |
| Other Non-Current Liabilities | $118M |
| TOTAL NON-CURRENT LIABILITIES | $5.1B |
| TOTAL LIABILITIES | $9.8B |
| Common Stock | $1.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$66M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $10.8B |
| Total Debt | $3.5B |
| Net Debt | $749M |
