| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.6B | $1.5B | 5.5% | 8.1% |
| Op. Income | $369M | $366M | $358M | 0.8% | 3.0% |
| Gross Margin | 47.8% | 47.7% | 49.3% | 0.1pp | -1.5pp |
| Net Margin | 11.7% | 13.4% | 16.2% | -1.7pp | -4.5pp |
| EPS (Diluted) | $0.77 | $0.83 | $0.98 | -7.2% | -21.4% |
| Free Cash Flow | $645M | $422M | $592M | 52.9% | 8.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $864M |
| GROSS PROFIT | $790M |
| R&D Expenses | $132M |
| Selling & Marketing | $176M |
| General & Administrative | $114M |
| SG&A Expenses | $290M |
| Other Expenses | $0 |
| Operating Expenses | $421M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $369M |
| Interest Income | $0 |
| Interest Expense | $111M |
| Other Income/Expenses | -$149M |
| INCOME BEFORE TAX | $220M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $194M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $193M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $193M |
| D&A | $183M |
| EBIT | $332M |
| EBITDA | $514M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $864M |
| GROSS PROFIT | $790M |
| R&D Expenses | $132M |
| Selling & Marketing | $176M |
| General & Administrative | $114M |
| SG&A Expenses | $290M |
| Other Expenses | $0 |
| Operating Expenses | $421M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $369M |
| Interest Income | $0 |
| Interest Expense | $111M |
| Other Income/Expenses | -$149M |
| INCOME BEFORE TAX | $220M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $194M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $193M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $193M |
| D&A | $183M |
| EBIT | $332M |
| EBITDA | $514M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $193M |
| Depreciation & Amortization | $185M |
| Stock-Based Compensation | $85M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $197M |
| OPERATING CASH FLOW | $655M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | -$1.0B |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$31M |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | $845M |
| Common Stock Repurchased | -$319M |
| Common Dividends Paid | -$66M |
| Other Financing Activities | $25M |
| NET CASH FROM FINANCING | $548M |
| FREE CASH FLOW | $645M |
| Net Change in Cash | -$3.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.6B |
| Short-Term Investments | $0 |
| Net Receivables | $1.7B |
| Inventory | $0 |
| Other Current Assets | $194M |
| TOTAL CURRENT ASSETS | $5.5B |
| PP&E (Net) | $523M |
| Goodwill | $10.0B |
| Intangible Assets | $4.1B |
| Long-Term Investments | $174M |
| Tax Assets | $0 |
| Other Non-Current Assets | $441M |
| TOTAL NON-CURRENT ASSETS | $15.2B |
| TOTAL ASSETS | $20.7B |
| Account Payables | $87M |
| Short-Term Debt | $25M |
| Deferred Revenue | $492M |
| Other Current Liabilities | $4.1B |
| TOTAL CURRENT LIABILITIES | $5.1B |
| Long-Term Debt | $7.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $847M |
| Other Non-Current Liabilities | $190M |
| TOTAL NON-CURRENT LIABILITIES | $8.7B |
| TOTAL LIABILITIES | $13.8B |
| Common Stock | $3M |
| Additional Paid-In Capital | $6.5B |
| Retained Earnings | $4.2B |
| Treasury Stock | -$3.5B |
| Accum. Other Comp. Income | -$294M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.9B |
| Minority Interest | $54M |
| TOTAL EQUITY | $6.9B |
| TOTAL LIABILITIES & EQUITY | $20.7B |
| Total Debt | $7.6B |
| Net Debt | $4.1B |
