| Metric | Q4 2026 | Q3 2026 | Q4 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $836M | $811M | $721M | 3.0% | 16.0% |
| Op. Income | $246M | $241M | $188M | 2.1% | 30.5% |
| Gross Margin | 74.5% | 75.4% | 74.9% | -0.9pp | -0.4pp |
| Net Margin | 29.2% | 29.1% | 27.1% | 0.1pp | 2.1pp |
| EPS (Diluted) | $1.45 | $1.40 | $1.17 | 3.6% | 23.9% |
| Free Cash Flow | $100M | $186M | $65M | -46.5% | 54.0% |
| Item | Amount |
|---|---|
| REVENUE | $836M |
| Cost of Revenue | $213M |
| GROSS PROFIT | $622M |
| R&D Expenses | $199M |
| Selling & Marketing | $110M |
| General & Administrative | $68M |
| SG&A Expenses | $178M |
| Other Expenses | $0 |
| Operating Expenses | $377M |
| Cost & Expenses | $590M |
| OPERATING INCOME | $246M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $72M |
| INCOME BEFORE TAX | $318M |
| Income Tax Expense | $73M |
| Net Income from Continuing Ops | $244M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $244M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $244M |
| D&A | $0 |
| EBIT | $246M |
| EBITDA | $246M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $836M |
| Cost of Revenue | $213M |
| GROSS PROFIT | $622M |
| R&D Expenses | $199M |
| Selling & Marketing | $110M |
| General & Administrative | $68M |
| SG&A Expenses | $178M |
| Other Expenses | $0 |
| Operating Expenses | $377M |
| Cost & Expenses | $590M |
| OPERATING INCOME | $246M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $72M |
| INCOME BEFORE TAX | $318M |
| Income Tax Expense | $73M |
| Net Income from Continuing Ops | $244M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $244M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $244M |
| D&A | $0 |
| EBIT | $246M |
| EBITDA | $246M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $244M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | -$2M |
| Deferred Income Tax | $15M |
| Other Non-Cash Items | $125M |
| Change in Working Capital | -$287M |
| OPERATING CASH FLOW | $107M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$747M |
| Sales/Maturities of Investments | $586M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$168M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$170M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$22M |
| NET CASH FROM FINANCING | -$178M |
| FREE CASH FLOW | $100M |
| Net Change in Cash | -$239M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $5.1B |
| Net Receivables | $1.3B |
| Inventory | $0 |
| Other Current Assets | $126M |
| TOTAL CURRENT ASSETS | $8.0B |
| PP&E (Net) | $146M |
| Goodwill | $440M |
| Intangible Assets | $30M |
| Long-Term Investments | $0 |
| Tax Assets | $273M |
| Other Non-Current Assets | $92M |
| TOTAL NON-CURRENT ASSETS | $982M |
| TOTAL ASSETS | $9.0B |
| Account Payables | $38M |
| Short-Term Debt | $12M |
| Deferred Revenue | $1.5B |
| Other Current Liabilities | $98M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $558.0K |
| Other Non-Current Liabilities | $43M |
| TOTAL NON-CURRENT LIABILITIES | $128M |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $2.8B |
| Retained Earnings | $4.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.2B |
| TOTAL LIABILITIES & EQUITY | $9.0B |
| Total Debt | $96M |
| Net Debt | -$1.3B |
