| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $673M | $692M | $637M | -2.7% | 5.7% |
| Op. Income | $167M | $184M | $157M | -9.3% | 5.9% |
| Gross Margin | 54.4% | 60.3% | 59.5% | -5.9pp | -5.1pp |
| Net Margin | 12.5% | 11.6% | 10.0% | 0.9pp | 2.5pp |
| EPS (Diluted) | $2.41 | $2.30 | $1.60 | 4.8% | 50.6% |
| Free Cash Flow | $256M | $342M | $600M | -25.0% | -57.3% |
| Item | Amount |
|---|---|
| REVENUE | $673M |
| Cost of Revenue | $307M |
| GROSS PROFIT | $366M |
| R&D Expenses | $0 |
| Selling & Marketing | $121M |
| General & Administrative | $78M |
| SG&A Expenses | $200M |
| Other Expenses | $0 |
| Operating Expenses | $200M |
| Cost & Expenses | $506M |
| OPERATING INCOME | $167M |
| Interest Income | $0 |
| Interest Expense | $59M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | $110M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $84M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $100.0K |
| NET INCOME | $84M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $84M |
| D&A | $82M |
| EBIT | $169M |
| EBITDA | $251M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $673M |
| Cost of Revenue | $307M |
| GROSS PROFIT | $366M |
| R&D Expenses | $0 |
| Selling & Marketing | $121M |
| General & Administrative | $78M |
| SG&A Expenses | $200M |
| Other Expenses | $0 |
| Operating Expenses | $200M |
| Cost & Expenses | $506M |
| OPERATING INCOME | $167M |
| Interest Income | $0 |
| Interest Expense | $59M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | $110M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $84M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $100.0K |
| NET INCOME | $84M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $84M |
| D&A | $82M |
| EBIT | $169M |
| EBITDA | $251M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $84M |
| Depreciation & Amortization | $82M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $129M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $295M |
| Capital Expenditure | -$38M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$802M |
| Sales/Maturities of Investments | $596M |
| Other Investing Activities | $500.0K |
| NET CASH FROM INVESTING | -$303M |
| Net Debt Issuance | -$8.5B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $8.7B |
| NET CASH FROM FINANCING | $202M |
| FREE CASH FLOW | $256M |
| Net Change in Cash | $197M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $906M |
| Short-Term Investments | $4.3B |
| Net Receivables | $3.4B |
| Inventory | $0 |
| Other Current Assets | $1.1B |
| TOTAL CURRENT ASSETS | $9.7B |
| PP&E (Net) | $254M |
| Goodwill | $3.0B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $94M |
| Tax Assets | $17M |
| Other Non-Current Assets | $218M |
| TOTAL NON-CURRENT ASSETS | $4.7B |
| TOTAL ASSETS | $14.4B |
| Account Payables | $1.1B |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6.9B |
| TOTAL CURRENT LIABILITIES | $9.3B |
| Long-Term Debt | $3.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $187M |
| Other Non-Current Liabilities | $159M |
| TOTAL NON-CURRENT LIABILITIES | $3.9B |
| TOTAL LIABILITIES | $13.2B |
| Common Stock | $500.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $2.4B |
| Treasury Stock | -$2.2B |
| Accum. Other Comp. Income | -$128M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $14.4B |
| Total Debt | $4.9B |
| Net Debt | $4.0B |
