| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $846M | $545M | $746M | 55.3% | 13.5% |
| Op. Income | $205M | $210M | $184M | -2.0% | 11.8% |
| Gross Margin | 64.1% | 94.1% | 53.0% | -30.1pp | 11.0pp |
| Net Margin | 20.1% | 31.8% | 20.3% | -11.8pp | -0.2pp |
| EPS (Diluted) | $2.13 | $2.19 | $1.91 | -2.7% | 11.5% |
| Item | Amount |
|---|---|
| REVENUE | $846M |
| Cost of Revenue | $304M |
| GROSS PROFIT | $542M |
| R&D Expenses | $0 |
| Selling & Marketing | $12M |
| General & Administrative | $237M |
| SG&A Expenses | $249M |
| Other Expenses | $88M |
| Operating Expenses | $337M |
| Cost & Expenses | $641M |
| OPERATING INCOME | $205M |
| Interest Income | $711M |
| Interest Expense | $304M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $205M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $170M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $170M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $166M |
| D&A | $1M |
| EBIT | $205M |
| EBITDA | $207M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $846M |
| Cost of Revenue | $304M |
| GROSS PROFIT | $542M |
| R&D Expenses | $0 |
| Selling & Marketing | $12M |
| General & Administrative | $237M |
| SG&A Expenses | $249M |
| Other Expenses | $88M |
| Operating Expenses | $337M |
| Cost & Expenses | $641M |
| OPERATING INCOME | $205M |
| Interest Income | $711M |
| Interest Expense | $304M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $205M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $170M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $170M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $166M |
| D&A | $1M |
| EBIT | $205M |
| EBITDA | $207M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.6B |
| Short-Term Investments | $9.3B |
| Net Receivables | $38.9B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $51.8B |
| PP&E (Net) | $340M |
| Goodwill | $1.8B |
| Intangible Assets | $30M |
| Long-Term Investments | $392M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.3B |
| TOTAL NON-CURRENT ASSETS | $6.0B |
| TOTAL ASSETS | $57.7B |
| Account Payables | $380M |
| Short-Term Debt | $316M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $47.8B |
| TOTAL CURRENT LIABILITIES | $48.5B |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $50.7B |
| Common Stock | $78M |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | $3.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$123M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.0B |
| TOTAL LIABILITIES & EQUITY | $57.7B |
| Total Debt | $2.5B |
| Net Debt | -$1.0B |
