| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $504M | $381M | $491M | 32.2% | 2.7% |
| Op. Income | $104M | $14M | $143M | 621.3% | -27.0% |
| Gross Margin | 79.5% | 72.2% | 79.1% | 7.3pp | 0.3pp |
| Net Margin | 46.5% | 11.4% | 24.3% | 35.1pp | 22.3pp |
| EPS (Diluted) | $1.27 | $0.24 | $0.62 | 429.2% | 104.8% |
| Free Cash Flow | $152M | $52M | $92M | 194.1% | 64.9% |
| Item | Amount |
|---|---|
| REVENUE | $504M |
| Cost of Revenue | $103M |
| GROSS PROFIT | $401M |
| R&D Expenses | $81M |
| Selling & Marketing | $153M |
| General & Administrative | $41M |
| SG&A Expenses | $194M |
| Other Expenses | $21M |
| Operating Expenses | $296M |
| Cost & Expenses | $400M |
| OPERATING INCOME | $104M |
| Interest Income | $2M |
| Interest Expense | $113.0K |
| Other Income/Expenses | $611.0K |
| INCOME BEFORE TAX | $105M |
| Income Tax Expense | -$130M |
| Net Income from Continuing Ops | $235M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $235M |
| Net Income Deductions | -$742.0K |
| BOTTOM LINE NET INCOME | $235M |
| D&A | $8M |
| EBIT | $105M |
| EBITDA | $113M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $504M |
| Cost of Revenue | $103M |
| GROSS PROFIT | $401M |
| R&D Expenses | $81M |
| Selling & Marketing | $153M |
| General & Administrative | $41M |
| SG&A Expenses | $194M |
| Other Expenses | $21M |
| Operating Expenses | $296M |
| Cost & Expenses | $400M |
| OPERATING INCOME | $104M |
| Interest Income | $2M |
| Interest Expense | $113.0K |
| Other Income/Expenses | $611.0K |
| INCOME BEFORE TAX | $105M |
| Income Tax Expense | -$130M |
| Net Income from Continuing Ops | $235M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $235M |
| Net Income Deductions | -$742.0K |
| BOTTOM LINE NET INCOME | $235M |
| D&A | $8M |
| EBIT | $105M |
| EBITDA | $113M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $235M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $34M |
| Deferred Income Tax | -$171M |
| Other Non-Cash Items | $20M |
| Change in Working Capital | $34M |
| OPERATING CASH FLOW | $158M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$110M |
| Sales/Maturities of Investments | $98M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$110M |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$78M |
| FREE CASH FLOW | $152M |
| Net Change in Cash | $63M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $212M |
| Short-Term Investments | $213M |
| Net Receivables | $483M |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $978M |
| PP&E (Net) | $106M |
| Goodwill | $82M |
| Intangible Assets | $1M |
| Long-Term Investments | $22M |
| Tax Assets | $175M |
| Other Non-Current Assets | $268M |
| TOTAL NON-CURRENT ASSETS | $654M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $509M |
| Other Current Liabilities | $156M |
| TOTAL CURRENT LIABILITIES | $738M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $10M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $36M |
| TOTAL NON-CURRENT LIABILITIES | $107M |
| TOTAL LIABILITIES | $844M |
| Common Stock | $2M |
| Additional Paid-In Capital | $331M |
| Retained Earnings | $463M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $787M |
| Minority Interest | $0 |
| TOTAL EQUITY | $787M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $76M |
| Net Debt | -$136M |
