| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.7B | $2.8B | $2.8B | 29.1% | 30.6% |
| Op. Income | $631M | $343M | $465M | 84.0% | 35.7% |
| Gross Margin | 46.1% | 48.9% | 48.1% | -2.8pp | -2.0pp |
| Net Margin | 20.2% | 9.3% | 46.0% | 11.0pp | -25.7pp |
| EPS (Diluted) | $0.58 | $0.20 | $1.00 | 190.0% | -42.0% |
| Free Cash Flow | $715M | $507M | $611M | 41.0% | 17.0% |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $390M |
| Selling & Marketing | $433M |
| General & Administrative | $125M |
| SG&A Expenses | $558M |
| Other Expenses | $114M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $631M |
| Interest Income | $79M |
| Interest Expense | $0 |
| Other Income/Expenses | $261M |
| INCOME BEFORE TAX | $892M |
| Income Tax Expense | $149M |
| Net Income from Continuing Ops | $743M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $743M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $743M |
| D&A | $7M |
| EBIT | $511M |
| EBITDA | $518M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $390M |
| Selling & Marketing | $433M |
| General & Administrative | $125M |
| SG&A Expenses | $558M |
| Other Expenses | $114M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $631M |
| Interest Income | $79M |
| Interest Expense | $0 |
| Other Income/Expenses | $261M |
| INCOME BEFORE TAX | $892M |
| Income Tax Expense | $149M |
| Net Income from Continuing Ops | $743M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $743M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $743M |
| D&A | $7M |
| EBIT | $511M |
| EBITDA | $518M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $743M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $115M |
| Deferred Income Tax | $22M |
| Other Non-Cash Items | -$162M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $725M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.4B |
| Sales/Maturities of Investments | $1.8B |
| Other Investing Activities | -$31M |
| NET CASH FROM INVESTING | -$654M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$938M |
| NET CASH FROM FINANCING | -$938M |
| FREE CASH FLOW | $715M |
| Net Change in Cash | -$869M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $4.2B |
| Net Receivables | $2.4B |
| Inventory | $21M |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $8.3B |
| PP&E (Net) | $141M |
| Goodwill | $491M |
| Intangible Assets | $30M |
| Long-Term Investments | $6.2B |
| Tax Assets | $33M |
| Other Non-Current Assets | $39M |
| TOTAL NON-CURRENT ASSETS | $6.9B |
| TOTAL ASSETS | $15.2B |
| Account Payables | $570M |
| Short-Term Debt | $0 |
| Deferred Revenue | $300M |
| Other Current Liabilities | $169M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $98M |
| Deferred Tax Liabilities | $55M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $324M |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $10.4B |
| Additional Paid-In Capital | $236M |
| Retained Earnings | $2.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $13.5B |
| TOTAL LIABILITIES & EQUITY | $15.2B |
| Total Debt | $188M |
| Net Debt | -$1.3B |
