| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $1.0B | -0.7% | 5.8% |
| Op. Income | $302M | $296M | $253M | 2.1% | 19.4% |
| Gross Margin | 63.2% | 61.8% | 60.5% | 1.4pp | 2.7pp |
| Net Margin | 20.5% | 19.8% | 18.0% | 0.8pp | 2.5pp |
| EPS (Diluted) | $3.30 | $2.79 | $2.63 | 18.3% | 25.5% |
| Free Cash Flow | $229M | $217M | $471M | 5.3% | -51.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $400M |
| GROSS PROFIT | $687M |
| R&D Expenses | $0 |
| Selling & Marketing | $14M |
| General & Administrative | $223M |
| SG&A Expenses | $236M |
| Other Expenses | $148M |
| Operating Expenses | $384M |
| Cost & Expenses | $784M |
| OPERATING INCOME | $302M |
| Interest Income | $956M |
| Interest Expense | $372M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $302M |
| Income Tax Expense | $79M |
| Net Income from Continuing Ops | $223M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $223M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $215M |
| D&A | $0 |
| EBIT | $302M |
| EBITDA | $302M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $400M |
| GROSS PROFIT | $687M |
| R&D Expenses | $0 |
| Selling & Marketing | $14M |
| General & Administrative | $223M |
| SG&A Expenses | $236M |
| Other Expenses | $148M |
| Operating Expenses | $384M |
| Cost & Expenses | $784M |
| OPERATING INCOME | $302M |
| Interest Income | $956M |
| Interest Expense | $372M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $302M |
| Income Tax Expense | $79M |
| Net Income from Continuing Ops | $223M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $223M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $215M |
| D&A | $0 |
| EBIT | $302M |
| EBITDA | $302M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $223M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $38M |
| Change in Working Capital | -$50M |
| OPERATING CASH FLOW | $252M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.0B |
| Sales/Maturities of Investments | $1.3B |
| Other Investing Activities | -$779M |
| NET CASH FROM INVESTING | -$1.5B |
| Net Debt Issuance | $193M |
| Common Stock Repurchased | -$6.0K |
| Common Dividends Paid | -$42M |
| Other Financing Activities | $1.0B |
| NET CASH FROM FINANCING | $1.2B |
| FREE CASH FLOW | $229M |
| Net Change in Cash | -$98M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $468M |
| Short-Term Investments | $6.2B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.7B |
| PP&E (Net) | $782M |
| Goodwill | $798M |
| Intangible Assets | $98M |
| Long-Term Investments | $53.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $9.7B |
| TOTAL NON-CURRENT ASSETS | $64.4B |
| TOTAL ASSETS | $71.1B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $48.5B |
| TOTAL CURRENT LIABILITIES | $48.5B |
| Long-Term Debt | $4.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10.9B |
| TOTAL NON-CURRENT LIABILITIES | $15.4B |
| TOTAL LIABILITIES | $63.9B |
| Common Stock | $67M |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | $4.5B |
| Treasury Stock | -$9M |
| Accum. Other Comp. Income | -$296M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.3B |
| TOTAL LIABILITIES & EQUITY | $71.1B |
| Total Debt | $4.5B |
| Net Debt | $4.0B |
