| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.5B | $1.5B | 4.7% | 7.3% |
| Op. Income | $330M | $283M | $237M | 16.5% | 39.0% |
| Gross Margin | 29.4% | 42.8% | 42.8% | -13.4pp | -13.3pp |
| Net Margin | 17.1% | 14.3% | 13.2% | 2.8pp | 3.9pp |
| EPS (Diluted) | $5.84 | $4.65 | $4.20 | 25.6% | 39.0% |
| Free Cash Flow | $339M | $314M | $303M | 8.1% | 11.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $475M |
| R&D Expenses | $77M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $227M |
| Other Expenses | -$159M |
| Operating Expenses | $145M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $330M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $321M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $276M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $276M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $276M |
| D&A | $85M |
| EBIT | $333M |
| EBITDA | $418M |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $475M |
| R&D Expenses | $77M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $227M |
| Other Expenses | -$159M |
| Operating Expenses | $145M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $330M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $321M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $276M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $276M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $276M |
| D&A | $85M |
| EBIT | $333M |
| EBITDA | $418M |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| Net Income | $276M |
| Depreciation & Amortization | $85M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $379M |
| Capital Expenditure | -$40M |
| Acquisitions (Net) | -$30M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$70M |
| Net Debt Issuance | -$55M |
| Common Stock Repurchased | -$400M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$34M |
| NET CASH FROM FINANCING | -$489M |
| FREE CASH FLOW | $339M |
| Net Change in Cash | -$176M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $352M |
| Short-Term Investments | $0 |
| Net Receivables | $1.4B |
| Inventory | $1.0B |
| Other Current Assets | $293M |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $839M |
| Goodwill | $8.7B |
| Intangible Assets | $2.1B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $603M |
| TOTAL NON-CURRENT ASSETS | $12.2B |
| TOTAL ASSETS | $15.3B |
| Account Payables | $487M |
| Short-Term Debt | $450M |
| Deferred Revenue | $370M |
| Other Current Liabilities | -$402M |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $34M |
| Deferred Tax Liabilities | $370M |
| Other Non-Current Liabilities | $348M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $4.8B |
| Common Stock | $500.0K |
| Additional Paid-In Capital | $4.4B |
| Retained Earnings | $7.1B |
| Treasury Stock | -$585M |
| Accum. Other Comp. Income | -$425M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.5B |
| TOTAL LIABILITIES & EQUITY | $15.3B |
| Total Debt | $2.6B |
| Net Debt | $2.3B |
