| Metric | Q3 2026 | Q2 2026 | Q3 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $811M | $789M | $699M | 2.8% | 16.0% |
| Op. Income | $241M | $196M | $181M | 22.9% | 32.8% |
| Gross Margin | 75.4% | 75.3% | 75.1% | 0.2pp | 0.4pp |
| Net Margin | 29.1% | 25.4% | 26.6% | 3.7pp | 2.5pp |
| EPS (Diluted) | $1.40 | $1.19 | $1.13 | 17.6% | 23.9% |
| Free Cash Flow | $186M | $232M | $160M | -19.7% | 16.7% |
| Item | Amount |
|---|---|
| REVENUE | $811M |
| Cost of Revenue | $199M |
| GROSS PROFIT | $612M |
| R&D Expenses | $192M |
| Selling & Marketing | $111M |
| General & Administrative | $68M |
| SG&A Expenses | $179M |
| Other Expenses | $0 |
| Operating Expenses | $371M |
| Cost & Expenses | $570M |
| OPERATING INCOME | $241M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $72M |
| INCOME BEFORE TAX | $313M |
| Income Tax Expense | $77M |
| Net Income from Continuing Ops | $236M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $236M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $236M |
| D&A | $20M |
| EBIT | $241M |
| EBITDA | $261M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $811M |
| Cost of Revenue | $199M |
| GROSS PROFIT | $612M |
| R&D Expenses | $192M |
| Selling & Marketing | $111M |
| General & Administrative | $68M |
| SG&A Expenses | $179M |
| Other Expenses | $0 |
| Operating Expenses | $371M |
| Cost & Expenses | $570M |
| OPERATING INCOME | $241M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $72M |
| INCOME BEFORE TAX | $313M |
| Income Tax Expense | $77M |
| Net Income from Continuing Ops | $236M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $236M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $236M |
| D&A | $20M |
| EBIT | $241M |
| EBITDA | $261M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $236M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $120M |
| Deferred Income Tax | $18M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$198M |
| OPERATING CASH FLOW | $193M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$933M |
| Sales/Maturities of Investments | $448M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$495M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$25M |
| NET CASH FROM FINANCING | $33M |
| FREE CASH FLOW | $186M |
| Net Change in Cash | -$270M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $5.0B |
| Net Receivables | $372M |
| Inventory | $0 |
| Other Current Assets | $103M |
| TOTAL CURRENT ASSETS | $7.1B |
| PP&E (Net) | $140M |
| Goodwill | $440M |
| Intangible Assets | $33M |
| Long-Term Investments | $0 |
| Tax Assets | $287M |
| Other Non-Current Assets | $86M |
| TOTAL NON-CURRENT ASSETS | $985M |
| TOTAL ASSETS | $8.1B |
| Account Payables | $33M |
| Short-Term Debt | $11M |
| Deferred Revenue | $822M |
| Other Current Liabilities | $32M |
| TOTAL CURRENT LIABILITIES | $945M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $367.0K |
| Other Non-Current Liabilities | $32M |
| TOTAL NON-CURRENT LIABILITIES | $112M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | $4.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.0B |
| TOTAL LIABILITIES & EQUITY | $8.1B |
| Total Debt | $90M |
| Net Debt | -$1.6B |
