| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $544M | $493M | $494M | 10.3% | 10.2% |
| Op. Income | $157M | $113M | $148M | 39.6% | 5.9% |
| Gross Margin | 79.1% | 77.9% | 83.0% | 1.2pp | -3.9pp |
| Net Margin | 20.9% | 22.4% | 23.0% | -1.5pp | -2.1pp |
| EPS (Diluted) | $2.07 | $1.96 | $2.02 | 5.6% | 2.5% |
| Free Cash Flow | $123M | $78M | $109M | 57.4% | 12.4% |
| Item | Amount |
|---|---|
| REVENUE | $544M |
| Cost of Revenue | $114M |
| GROSS PROFIT | $431M |
| R&D Expenses | $72M |
| Selling & Marketing | $130M |
| General & Administrative | $71M |
| SG&A Expenses | $201M |
| Other Expenses | $0 |
| Operating Expenses | $274M |
| Cost & Expenses | $387M |
| OPERATING INCOME | $157M |
| Interest Income | $0 |
| Interest Expense | $800.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $159M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $114M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $114M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $114M |
| D&A | $49M |
| EBIT | $160M |
| EBITDA | $209M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $544M |
| Cost of Revenue | $114M |
| GROSS PROFIT | $431M |
| R&D Expenses | $72M |
| Selling & Marketing | $130M |
| General & Administrative | $71M |
| SG&A Expenses | $201M |
| Other Expenses | $0 |
| Operating Expenses | $274M |
| Cost & Expenses | $387M |
| OPERATING INCOME | $157M |
| Interest Income | $0 |
| Interest Expense | $800.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $159M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $114M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $114M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $114M |
| D&A | $49M |
| EBIT | $160M |
| EBITDA | $209M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $114M |
| Depreciation & Amortization | $50M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $68M |
| Change in Working Capital | -$36M |
| OPERATING CASH FLOW | $196M |
| Capital Expenditure | -$74M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$124M |
| Sales/Maturities of Investments | $250M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $48M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$107M |
| Common Dividends Paid | -$21M |
| Other Financing Activities | $3.3B |
| NET CASH FROM FINANCING | $3.2B |
| FREE CASH FLOW | $123M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $370M |
| Short-Term Investments | $0 |
| Net Receivables | $123M |
| Inventory | $2M |
| Other Current Assets | $5.3B |
| TOTAL CURRENT ASSETS | $5.8B |
| PP&E (Net) | $777M |
| Goodwill | $52M |
| Intangible Assets | $37M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $894M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $7.6B |
| Account Payables | $7M |
| Short-Term Debt | $28M |
| Deferred Revenue | $28M |
| Other Current Liabilities | $5.2B |
| TOTAL CURRENT LIABILITIES | $5.4B |
| Long-Term Debt | $62M |
| Deferred Revenue NC | $122M |
| Deferred Tax Liabilities | $304M |
| Other Non-Current Liabilities | -$51M |
| TOTAL NON-CURRENT LIABILITIES | $499M |
| TOTAL LIABILITIES | $5.9B |
| Common Stock | $600.0K |
| Additional Paid-In Capital | $878M |
| Retained Earnings | $2.3B |
| Treasury Stock | -$1.4B |
| Accum. Other Comp. Income | $300.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $7.6B |
| Total Debt | $152M |
| Net Debt | -$218M |
