| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.7B | $4.5B | — | 5.2% | — |
| Op. Income | $300M | $882M | — | -66.0% | — |
| Gross Margin | 56.4% | 51.4% | — | 5.0pp | — |
| Net Margin | 10.2% | 9.7% | — | 0.5pp | — |
| EPS (Diluted) | $0.41 | $0.37 | — | 10.8% | — |
| Free Cash Flow | $1.0B | $233M | — | 336.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $4.7B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $267M |
| Selling & Marketing | $753M |
| General & Administrative | $367M |
| SG&A Expenses | $1.1B |
| Other Expenses | $968M |
| Operating Expenses | $2.4B |
| Cost & Expenses | $4.4B |
| OPERATING INCOME | $300M |
| Interest Income | $0 |
| Interest Expense | $292M |
| Other Income/Expenses | -$209M |
| INCOME BEFORE TAX | $91M |
| Income Tax Expense | -$390M |
| Net Income from Continuing Ops | $481M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1M |
| NET INCOME | $480M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $480M |
| D&A | $260M |
| EBIT | $372M |
| EBITDA | $632M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.7B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $267M |
| Selling & Marketing | $753M |
| General & Administrative | $367M |
| SG&A Expenses | $1.1B |
| Other Expenses | $968M |
| Operating Expenses | $2.4B |
| Cost & Expenses | $4.4B |
| OPERATING INCOME | $300M |
| Interest Income | $0 |
| Interest Expense | $292M |
| Other Income/Expenses | -$209M |
| INCOME BEFORE TAX | $91M |
| Income Tax Expense | -$390M |
| Net Income from Continuing Ops | $481M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1M |
| NET INCOME | $480M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $480M |
| D&A | $260M |
| EBIT | $372M |
| EBITDA | $632M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $481M |
| Depreciation & Amortization | $260M |
| Stock-Based Compensation | $51M |
| Deferred Income Tax | -$595M |
| Other Non-Cash Items | $732M |
| Change in Working Capital | $229M |
| OPERATING CASH FLOW | $1.2B |
| Capital Expenditure | -$142M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$17M |
| Sales/Maturities of Investments | $42M |
| Other Investing Activities | $282M |
| NET CASH FROM INVESTING | $165M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $41M |
| NET CASH FROM FINANCING | $40M |
| FREE CASH FLOW | $1.0B |
| Net Change in Cash | $1.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.6B |
| Short-Term Investments | $0 |
| Net Receivables | $3.7B |
| Inventory | $3.2B |
| Other Current Assets | $3.5B |
| TOTAL CURRENT ASSETS | $13.9B |
| PP&E (Net) | $4.4B |
| Goodwill | $16.0B |
| Intangible Assets | $3.8B |
| Long-Term Investments | $0 |
| Tax Assets | $2.2B |
| Other Non-Current Assets | $405M |
| TOTAL NON-CURRENT ASSETS | $26.8B |
| TOTAL ASSETS | $40.7B |
| Account Payables | $2.5B |
| Short-Term Debt | $1.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9.1B |
| TOTAL CURRENT LIABILITIES | $13.5B |
| Long-Term Debt | $15.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $296M |
| Other Non-Current Liabilities | $3.5B |
| TOTAL NON-CURRENT LIABILITIES | $19.4B |
| TOTAL LIABILITIES | $32.8B |
| Common Stock | $58M |
| Additional Paid-In Capital | $28.1B |
| Retained Earnings | -$13.8B |
| Treasury Stock | -$4.1B |
| Accum. Other Comp. Income | -$2.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.9B |
| Minority Interest | $4M |
| TOTAL EQUITY | $7.9B |
| TOTAL LIABILITIES & EQUITY | $40.7B |
| Total Debt | $17.4B |
| Net Debt | $13.8B |
