| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.2B | — | 19.1% | — |
| Op. Income | $575M | $393M | — | 46.3% | — |
| Gross Margin | 84.6% | 82.4% | — | 2.2pp | — |
| Net Margin | 43.3% | 40.3% | — | 3.0pp | — |
| EPS (Diluted) | $0.24 | $0.19 | — | 26.3% | — |
| Free Cash Flow | $764M | $502M | — | 52.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $216M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $144M |
| Selling & Marketing | $302M |
| General & Administrative | $170M |
| SG&A Expenses | $472M |
| Other Expenses | $0 |
| Operating Expenses | $615M |
| Cost & Expenses | $831M |
| OPERATING INCOME | $575M |
| Interest Income | $63M |
| Interest Expense | $0 |
| Other Income/Expenses | $46M |
| INCOME BEFORE TAX | $621M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $609M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $609M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $609M |
| D&A | $7M |
| EBIT | $575M |
| EBITDA | $582M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $216M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $144M |
| Selling & Marketing | $302M |
| General & Administrative | $170M |
| SG&A Expenses | $472M |
| Other Expenses | $0 |
| Operating Expenses | $615M |
| Cost & Expenses | $831M |
| OPERATING INCOME | $575M |
| Interest Income | $63M |
| Interest Expense | $0 |
| Other Income/Expenses | $46M |
| INCOME BEFORE TAX | $621M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $609M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $609M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $609M |
| D&A | $7M |
| EBIT | $575M |
| EBITDA | $582M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $609M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $196M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$49M |
| OPERATING CASH FLOW | $777M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$945M |
| NET CASH FROM INVESTING | -$958M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$19M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $30.0K |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | $764M |
| Net Change in Cash | -$202M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $5.8B |
| Net Receivables | $1.0B |
| Inventory | $0 |
| Other Current Assets | $139M |
| TOTAL CURRENT ASSETS | $8.4B |
| PP&E (Net) | $252M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $290M |
| TOTAL NON-CURRENT ASSETS | $542M |
| TOTAL ASSETS | $8.9B |
| Account Payables | $8M |
| Short-Term Debt | $0 |
| Deferred Revenue | $409M |
| Other Current Liabilities | $713M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $183M |
| Deferred Revenue NC | $46M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$176M |
| TOTAL NON-CURRENT LIABILITIES | $237M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $2M |
| Additional Paid-In Capital | $10.9B |
| Retained Earnings | -$3.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.4B |
| Minority Interest | $101M |
| TOTAL EQUITY | $7.5B |
| TOTAL LIABILITIES & EQUITY | $8.9B |
| Total Debt | $413M |
| Net Debt | -$1.0B |
