| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.3B | $1.7B | — | 29.6% | — |
| Op. Income | $121M | $165M | — | -26.5% | — |
| Gross Margin | 71.0% | 78.1% | — | -7.2pp | — |
| Net Margin | 19.9% | 13.9% | — | 6.0pp | — |
| EPS (Diluted) | $2.39 | $1.50 | — | 59.3% | — |
| Free Cash Flow | $605M | $632M | — | -4.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $655M |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $747M |
| Selling & Marketing | $390M |
| General & Administrative | $186M |
| SG&A Expenses | $576M |
| Other Expenses | $156M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $121M |
| Interest Income | $21M |
| Interest Expense | $195M |
| Other Income/Expenses | $395M |
| INCOME BEFORE TAX | $517M |
| Income Tax Expense | $68M |
| Net Income from Continuing Ops | $448M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $449M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $449M |
| D&A | $449M |
| EBIT | $711M |
| EBITDA | $1.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $655M |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $747M |
| Selling & Marketing | $390M |
| General & Administrative | $186M |
| SG&A Expenses | $576M |
| Other Expenses | $156M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $121M |
| Interest Income | $21M |
| Interest Expense | $195M |
| Other Income/Expenses | $395M |
| INCOME BEFORE TAX | $517M |
| Income Tax Expense | $68M |
| Net Income from Continuing Ops | $448M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $449M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $449M |
| D&A | $449M |
| EBIT | $711M |
| EBITDA | $1.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $448M |
| Depreciation & Amortization | $449M |
| Stock-Based Compensation | $237M |
| Deferred Income Tax | -$144M |
| Other Non-Cash Items | -$431M |
| Change in Working Capital | $80M |
| OPERATING CASH FLOW | $640M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | $604M |
| Purchases of Investments | -$18M |
| Sales/Maturities of Investments | $13M |
| Other Investing Activities | $246.0K |
| NET CASH FROM INVESTING | $564M |
| Net Debt Issuance | -$861M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$65M |
| NET CASH FROM FINANCING | -$836M |
| FREE CASH FLOW | $605M |
| Net Change in Cash | $357M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.9B |
| Short-Term Investments | $73M |
| Net Receivables | $1.5B |
| Inventory | $365M |
| Other Current Assets | $1.2B |
| TOTAL CURRENT ASSETS | $6.0B |
| PP&E (Net) | $1.4B |
| Goodwill | $26.9B |
| Intangible Assets | $12.7B |
| Long-Term Investments | $0 |
| Tax Assets | $112M |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $42.2B |
| TOTAL ASSETS | $48.2B |
| Account Payables | $165M |
| Short-Term Debt | $22M |
| Deferred Revenue | $2.2B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.7B |
| Long-Term Debt | $13.5B |
| Deferred Revenue NC | $383M |
| Deferred Tax Liabilities | $1.0B |
| Other Non-Current Liabilities | $648M |
| TOTAL NON-CURRENT LIABILITIES | $16.2B |
| TOTAL LIABILITIES | $19.9B |
| Common Stock | $2M |
| Additional Paid-In Capital | $18.6B |
| Retained Earnings | $10.3B |
| Treasury Stock | -$398M |
| Accum. Other Comp. Income | -$232M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $28.3B |
| Minority Interest | -$587.0K |
| TOTAL EQUITY | $28.3B |
| TOTAL LIABILITIES & EQUITY | $48.2B |
| Total Debt | $14.3B |
| Net Debt | $11.4B |
