| Metric | Q4 2026 | Q3 2026 | Q4 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $761M | $742M | $682M | 2.6% | 11.6% |
| Op. Income | $50M | $23M | $8M | 117.4% | 525.0% |
| Gross Margin | 77.9% | 77.1% | 76.8% | 0.8pp | 1.1pp |
| Net Margin | 8.3% | 5.8% | 3.4% | 2.5pp | 4.9pp |
| EPS (Diluted) | $0.35 | $0.24 | $0.13 | 45.8% | 169.2% |
| Free Cash Flow | $286M | $214M | $284M | 33.6% | 0.7% |
| Item | Amount |
|---|---|
| REVENUE | $761M |
| Cost of Revenue | $168M |
| GROSS PROFIT | $593M |
| R&D Expenses | $165M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $378M |
| Other Expenses | $0 |
| Operating Expenses | $543M |
| Cost & Expenses | $711M |
| OPERATING INCOME | $50M |
| Interest Income | $25M |
| Interest Expense | $1M |
| Other Income/Expenses | $20M |
| INCOME BEFORE TAX | $70M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $63M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $63M |
| Net Income Deductions | $1M |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $18M |
| EBIT | $50M |
| EBITDA | $68M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $761M |
| Cost of Revenue | $168M |
| GROSS PROFIT | $593M |
| R&D Expenses | $165M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $378M |
| Other Expenses | $0 |
| Operating Expenses | $543M |
| Cost & Expenses | $711M |
| OPERATING INCOME | $50M |
| Interest Income | $25M |
| Interest Expense | $1M |
| Other Income/Expenses | $20M |
| INCOME BEFORE TAX | $70M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $63M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $63M |
| Net Income Deductions | $1M |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $18M |
| EBIT | $50M |
| EBITDA | $68M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $63M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $207M |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $288M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$449M |
| Sales/Maturities of Investments | $503M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $48M |
| Net Debt Issuance | -$28M |
| Common Stock Repurchased | -$73M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$44M |
| NET CASH FROM FINANCING | -$128M |
| FREE CASH FLOW | $286M |
| Net Change in Cash | $213M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $858M |
| Short-Term Investments | $1.7B |
| Net Receivables | $687M |
| Inventory | $0 |
| Other Current Assets | $233M |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $103M |
| Goodwill | $5.5B |
| Intangible Assets | $91M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $556M |
| TOTAL NON-CURRENT ASSETS | $6.2B |
| TOTAL ASSETS | $9.7B |
| Account Payables | $12M |
| Short-Term Debt | $350M |
| Deferred Revenue | $1.9B |
| Other Current Liabilities | $104M |
| TOTAL CURRENT LIABILITIES | $2.6B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $30M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $55M |
| TOTAL NON-CURRENT LIABILITIES | $157M |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $0 |
| Additional Paid-In Capital | $9.6B |
| Retained Earnings | -$2.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.0B |
| TOTAL LIABILITIES & EQUITY | $9.7B |
| Total Debt | $422M |
| Net Debt | -$436M |
