| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $970M | $901M | $983M | 7.6% | -1.4% |
| Op. Income | $216M | $166M | $174M | 30.2% | 24.6% |
| Gross Margin | 72.0% | 65.9% | 69.3% | 6.1pp | 2.7pp |
| Net Margin | 16.1% | 12.4% | 9.2% | 3.8pp | 7.0pp |
| EPS (Diluted) | $0.65 | $0.46 | $0.36 | 41.3% | 80.6% |
| Free Cash Flow | -$73M | $117M | $109M | -162.6% | -167.0% |
| Item | Amount |
|---|---|
| REVENUE | $970M |
| Cost of Revenue | $272M |
| GROSS PROFIT | $698M |
| R&D Expenses | $156M |
| Selling & Marketing | $176M |
| General & Administrative | $127M |
| SG&A Expenses | $302M |
| Other Expenses | $24M |
| Operating Expenses | $482M |
| Cost & Expenses | $754M |
| OPERATING INCOME | $216M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | -$32M |
| INCOME BEFORE TAX | $185M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $157M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $157M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $157M |
| D&A | $31M |
| EBIT | $203M |
| EBITDA | $234M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $970M |
| Cost of Revenue | $272M |
| GROSS PROFIT | $698M |
| R&D Expenses | $156M |
| Selling & Marketing | $176M |
| General & Administrative | $127M |
| SG&A Expenses | $302M |
| Other Expenses | $24M |
| Operating Expenses | $482M |
| Cost & Expenses | $754M |
| OPERATING INCOME | $216M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | -$32M |
| INCOME BEFORE TAX | $185M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $157M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $157M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $157M |
| D&A | $31M |
| EBIT | $203M |
| EBITDA | $234M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $157M |
| Depreciation & Amortization | $45M |
| Stock-Based Compensation | $70M |
| Deferred Income Tax | $27M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$141M |
| OPERATING CASH FLOW | $160M |
| Capital Expenditure | -$233M |
| Acquisitions (Net) | -$10M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $242M |
| NET CASH FROM INVESTING | -$900.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$136M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$139M |
| FREE CASH FLOW | -$73M |
| Net Change in Cash | $21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $253M |
| Short-Term Investments | $0 |
| Net Receivables | $856M |
| Inventory | $186M |
| Other Current Assets | $234M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $183M |
| Goodwill | $5.2B |
| Intangible Assets | $924M |
| Long-Term Investments | $611M |
| Tax Assets | $260M |
| Other Non-Current Assets | $463M |
| TOTAL NON-CURRENT ASSETS | $7.7B |
| TOTAL ASSETS | $9.3B |
| Account Payables | $168M |
| Short-Term Debt | $0 |
| Deferred Revenue | $894M |
| Other Current Liabilities | $229M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $105M |
| Deferred Tax Liabilities | $191M |
| Other Non-Current Liabilities | $285M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $3.5B |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $3.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.8B |
| TOTAL LIABILITIES & EQUITY | $9.3B |
| Total Debt | $1.4B |
| Net Debt | $1.1B |
