| Metric | Q4 2026 | Q3 2026 | Q4 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $481M | $411M | $424M | 17.0% | 13.6% |
| Op. Income | $80M | $13M | $34M | 514.1% | 138.8% |
| Gross Margin | 84.9% | 83.3% | 84.8% | 1.6pp | 0.1pp |
| Net Margin | 21.7% | 48.4% | 12.2% | -26.7pp | 9.5pp |
| EPS (Diluted) | $0.19 | $0.37 | $0.09 | -48.6% | 111.1% |
| Free Cash Flow | $179M | $25M | $139M | 614.1% | 29.3% |
| Item | Amount |
|---|---|
| REVENUE | $481M |
| Cost of Revenue | $73M |
| GROSS PROFIT | $408M |
| R&D Expenses | $95M |
| Selling & Marketing | $178M |
| General & Administrative | $54M |
| SG&A Expenses | $232M |
| Other Expenses | $1M |
| Operating Expenses | $328M |
| Cost & Expenses | $401M |
| OPERATING INCOME | $80M |
| Interest Income | $12M |
| Interest Expense | $0 |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | $92M |
| Income Tax Expense | -$12M |
| Net Income from Continuing Ops | $104M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $104M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $104M |
| D&A | $5M |
| EBIT | $80M |
| EBITDA | $85M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $481M |
| Cost of Revenue | $73M |
| GROSS PROFIT | $408M |
| R&D Expenses | $95M |
| Selling & Marketing | $178M |
| General & Administrative | $54M |
| SG&A Expenses | $232M |
| Other Expenses | $1M |
| Operating Expenses | $328M |
| Cost & Expenses | $401M |
| OPERATING INCOME | $80M |
| Interest Income | $12M |
| Interest Expense | $0 |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | $92M |
| Income Tax Expense | -$12M |
| Net Income from Continuing Ops | $104M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $104M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $104M |
| D&A | $5M |
| EBIT | $80M |
| EBITDA | $85M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $104M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $65M |
| Deferred Income Tax | -$15M |
| Other Non-Cash Items | $43M |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | $182M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$265M |
| Sales/Maturities of Investments | $224M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$43M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$17M |
| NET CASH FROM FINANCING | -$14M |
| FREE CASH FLOW | $179M |
| Net Change in Cash | $127M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $871M |
| Short-Term Investments | $601M |
| Net Receivables | $581M |
| Inventory | $0 |
| Other Current Assets | $191M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $110M |
| Goodwill | $125M |
| Intangible Assets | $20M |
| Long-Term Investments | $0 |
| Tax Assets | $233M |
| Other Non-Current Assets | $446M |
| TOTAL NON-CURRENT ASSETS | $935M |
| TOTAL ASSETS | $3.2B |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $604M |
| Other Current Liabilities | $292M |
| TOTAL CURRENT LIABILITIES | $905M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $104M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $191M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $4.6B |
| Retained Earnings | -$1.7B |
| Treasury Stock | -$834M |
| Accum. Other Comp. Income | $37M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $3.2B |
| Total Debt | $71M |
| Net Debt | -$800M |
