| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $699M | $676M | $617M | 3.4% | 13.4% |
| Op. Income | $181M | $166M | $128M | 8.9% | 41.1% |
| Gross Margin | 75.1% | 74.8% | 72.8% | 0.3pp | 2.3pp |
| Net Margin | 26.6% | 25.3% | 21.9% | 1.3pp | 4.7pp |
| EPS (Diluted) | $1.13 | $1.04 | $0.83 | 8.7% | 36.1% |
| Free Cash Flow | $160M | $90M | $77M | 78.0% | 108.4% |
| Item | Amount |
|---|---|
| REVENUE | $699M |
| Cost of Revenue | $174M |
| GROSS PROFIT | $525M |
| R&D Expenses | $172M |
| Selling & Marketing | $77M |
| General & Administrative | $94M |
| SG&A Expenses | $171M |
| Other Expenses | $0 |
| Operating Expenses | $343M |
| Cost & Expenses | $518M |
| OPERATING INCOME | $181M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $61M |
| INCOME BEFORE TAX | $242M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $186M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $186M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $186M |
| D&A | $10M |
| EBIT | $181M |
| EBITDA | $191M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $699M |
| Cost of Revenue | $174M |
| GROSS PROFIT | $525M |
| R&D Expenses | $172M |
| Selling & Marketing | $77M |
| General & Administrative | $94M |
| SG&A Expenses | $171M |
| Other Expenses | $0 |
| Operating Expenses | $343M |
| Cost & Expenses | $518M |
| OPERATING INCOME | $181M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $61M |
| INCOME BEFORE TAX | $242M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $186M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $186M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $186M |
| D&A | $10M |
| EBIT | $181M |
| EBITDA | $191M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $186M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $118M |
| Deferred Income Tax | -$31M |
| Other Non-Cash Items | -$84.0K |
| Change in Working Capital | -$118M |
| OPERATING CASH FLOW | $164M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$814M |
| Sales/Maturities of Investments | $520M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$298M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$17M |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | $160M |
| Net Change in Cash | -$121M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $4.0B |
| Net Receivables | $301M |
| Inventory | $0 |
| Other Current Assets | $83M |
| TOTAL CURRENT ASSETS | $5.4B |
| PP&E (Net) | $116M |
| Goodwill | $440M |
| Intangible Assets | $49M |
| Long-Term Investments | $0 |
| Tax Assets | $323M |
| Other Non-Current Assets | $79M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $6.5B |
| Account Payables | $32M |
| Short-Term Debt | $0 |
| Deferred Revenue | $740M |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $857M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $475.0K |
| Other Non-Current Liabilities | $31M |
| TOTAL NON-CURRENT LIABILITIES | $94M |
| TOTAL LIABILITIES | $951M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $3.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.5B |
| TOTAL LIABILITIES & EQUITY | $6.5B |
| Total Debt | $72M |
| Net Debt | -$973M |
