| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $644M | $636M | $519M | 1.2% | 24.2% |
| Op. Income | $210M | $223M | $96M | -6.1% | 119.0% |
| Gross Margin | 82.9% | 83.3% | 78.4% | -0.4pp | 4.5pp |
| Net Margin | 21.9% | 25.6% | 13.3% | -3.6pp | 8.6pp |
| EPS (Diluted) | $1.17 | $1.35 | $0.57 | -13.3% | 105.3% |
| Free Cash Flow | $242M | $279M | $212M | -13.1% | 14.1% |
| Item | Amount |
|---|---|
| REVENUE | $644M |
| Cost of Revenue | $110M |
| GROSS PROFIT | $534M |
| R&D Expenses | $117M |
| Selling & Marketing | $142M |
| General & Administrative | $54M |
| SG&A Expenses | $196M |
| Other Expenses | $12M |
| Operating Expenses | $324M |
| Cost & Expenses | $434M |
| OPERATING INCOME | $210M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $194M |
| Income Tax Expense | $52M |
| Net Income from Continuing Ops | $141M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $141M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $141M |
| D&A | $34M |
| EBIT | $212M |
| EBITDA | $246M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $644M |
| Cost of Revenue | $110M |
| GROSS PROFIT | $534M |
| R&D Expenses | $117M |
| Selling & Marketing | $142M |
| General & Administrative | $54M |
| SG&A Expenses | $196M |
| Other Expenses | $12M |
| Operating Expenses | $324M |
| Cost & Expenses | $434M |
| OPERATING INCOME | $210M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $194M |
| Income Tax Expense | $52M |
| Net Income from Continuing Ops | $141M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $141M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $141M |
| D&A | $34M |
| EBIT | $212M |
| EBITDA | $246M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $141M |
| Depreciation & Amortization | $34M |
| Stock-Based Compensation | $54M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $16M |
| OPERATING CASH FLOW | $244M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$7M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$27M |
| NET CASH FROM INVESTING | -$35M |
| Net Debt Issuance | -$157M |
| Common Stock Repurchased | -$75M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$19M |
| NET CASH FROM FINANCING | -$250M |
| FREE CASH FLOW | $242M |
| Net Change in Cash | -$36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $199M |
| Short-Term Investments | $0 |
| Net Receivables | $713M |
| Inventory | $0 |
| Other Current Assets | $68M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $194M |
| Goodwill | $3.5B |
| Intangible Assets | $845M |
| Long-Term Investments | $8M |
| Tax Assets | $209M |
| Other Non-Current Assets | $386M |
| TOTAL NON-CURRENT ASSETS | $5.1B |
| TOTAL ASSETS | $6.2B |
| Account Payables | $9M |
| Short-Term Debt | $25M |
| Deferred Revenue | $758M |
| Other Current Liabilities | $183M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $19M |
| Deferred Tax Liabilities | $36M |
| Other Non-Current Liabilities | $73M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$72M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $6.2B |
| Total Debt | $1.4B |
| Net Debt | $1.2B |
