| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.0B | $10.2B | $9.8B | -2.0% | 1.8% |
| Op. Income | $2.6B | $2.9B | $2.0B | -11.1% | 30.0% |
| Gross Margin | 58.0% | 57.4% | 52.0% | 0.6pp | 6.0pp |
| Net Margin | 20.0% | 22.3% | 18.3% | -2.3pp | 1.7pp |
| EPS (Diluted) | $0.92 | $0.54 | $0.81 | 70.0% | 13.3% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $10.0B |
| Cost of Revenue | $4.2B |
| GROSS PROFIT | $5.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $593M |
| SG&A Expenses | $593M |
| Other Expenses | $2.6B |
| Operating Expenses | $3.2B |
| Cost & Expenses | $7.4B |
| OPERATING INCOME | $2.6B |
| Interest Income | $8.8B |
| Interest Expense | $4.2B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2.6B |
| Income Tax Expense | $623M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $403M |
| EBIT | $2.6B |
| EBITDA | $3.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $10.0B |
| Cost of Revenue | $4.2B |
| GROSS PROFIT | $5.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $593M |
| SG&A Expenses | $593M |
| Other Expenses | $2.6B |
| Operating Expenses | $3.2B |
| Cost & Expenses | $7.4B |
| OPERATING INCOME | $2.6B |
| Interest Income | $8.8B |
| Interest Expense | $4.2B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2.6B |
| Income Tax Expense | $623M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $403M |
| EBIT | $2.6B |
| EBITDA | $3.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.0B |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $78M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2.1B |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $115.1B |
| Short-Term Investments | $17.4B |
| Net Receivables | $96M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $132.5B |
| PP&E (Net) | $5.8B |
| Goodwill | $7.4B |
| Intangible Assets | $2.4B |
| Long-Term Investments | $601.3B |
| Tax Assets | $1.7B |
| Other Non-Current Assets | $212.3B |
| TOTAL NON-CURRENT ASSETS | $830.9B |
| TOTAL ASSETS | $963.4B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $647.5B |
| TOTAL CURRENT LIABILITIES | $647.6B |
| Long-Term Debt | $96.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $161.5B |
| TOTAL NON-CURRENT LIABILITIES | $258.4B |
| TOTAL LIABILITIES | $905.9B |
| Common Stock | $13.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $19.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $24.5B |
| TOTAL STOCKHOLDERS' EQUITY | $57.4B |
| Minority Interest | $19M |
| TOTAL EQUITY | $57.5B |
| TOTAL LIABILITIES & EQUITY | $963.4B |
| Total Debt | $96.8B |
| Net Debt | -$18.2B |
