| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $653M | $639M | $548M | 2.2% | 19.2% |
| Op. Income | $31M | $49M | -$12M | -35.8% | 356.1% |
| Gross Margin | 87.2% | 87.0% | 85.2% | 0.2pp | 1.9pp |
| Net Margin | 5.9% | 9.9% | -23.0% | -4.0pp | 28.9pp |
| EPS (Diluted) | $0.13 | $0.22 | $-0.51 | -40.9% | 125.5% |
| Free Cash Flow | $208M | $203M | $224M | 2.1% | -7.3% |
| Item | Amount |
|---|---|
| REVENUE | $653M |
| Cost of Revenue | $84M |
| GROSS PROFIT | $569M |
| R&D Expenses | $194M |
| Selling & Marketing | $281M |
| General & Administrative | $63M |
| SG&A Expenses | $345M |
| Other Expenses | $0 |
| Operating Expenses | $538M |
| Cost & Expenses | $622M |
| OPERATING INCOME | $31M |
| Interest Income | $19M |
| Interest Expense | $14M |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | $45M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $18M |
| EBIT | $34M |
| EBITDA | $52M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $653M |
| Cost of Revenue | $84M |
| GROSS PROFIT | $569M |
| R&D Expenses | $194M |
| Selling & Marketing | $281M |
| General & Administrative | $63M |
| SG&A Expenses | $345M |
| Other Expenses | $0 |
| Operating Expenses | $538M |
| Cost & Expenses | $622M |
| OPERATING INCOME | $31M |
| Interest Income | $19M |
| Interest Expense | $14M |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | $45M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $18M |
| EBIT | $34M |
| EBITDA | $52M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $39M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $85M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $69M |
| OPERATING CASH FLOW | $220M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$418M |
| Sales/Maturities of Investments | $204M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$226M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$50M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$46M |
| NET CASH FROM FINANCING | -$97M |
| FREE CASH FLOW | $208M |
| Net Change in Cash | -$103M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $770M |
| Short-Term Investments | $1.2B |
| Net Receivables | $348M |
| Inventory | $0 |
| Other Current Assets | $248M |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $277M |
| Goodwill | $185M |
| Intangible Assets | $3M |
| Long-Term Investments | $15.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $229M |
| TOTAL NON-CURRENT ASSETS | $694M |
| TOTAL ASSETS | $3.3B |
| Account Payables | $82M |
| Short-Term Debt | $23M |
| Deferred Revenue | $1.1B |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $1.1B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $46M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | -$4.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $700.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$695M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$695M |
| TOTAL LIABILITIES & EQUITY | $3.3B |
| Total Debt | $1.5B |
| Net Debt | $713M |
