| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.3B | $1.3B | 11.7% | 10.6% |
| Op. Income | $222M | $183M | $225M | 21.3% | -1.3% |
| Gross Margin | 44.6% | 48.0% | 48.6% | -3.4pp | -4.0pp |
| Net Margin | 4.7% | 7.7% | 12.2% | -2.9pp | -7.5pp |
| EPS (Diluted) | $1.39 | $1.97 | $3.14 | -29.4% | -55.7% |
| Free Cash Flow | $327M | $216M | $288M | 51.4% | 13.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $817M |
| GROSS PROFIT | $658M |
| R&D Expenses | $152M |
| Selling & Marketing | $175M |
| General & Administrative | $109M |
| SG&A Expenses | $284M |
| Other Expenses | $0 |
| Operating Expenses | $436M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $222M |
| Interest Income | $0 |
| Interest Expense | $37M |
| Other Income/Expenses | -$124M |
| INCOME BEFORE TAX | $98M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $70M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $70M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $70M |
| D&A | $59M |
| EBIT | $222M |
| EBITDA | $281M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $817M |
| GROSS PROFIT | $658M |
| R&D Expenses | $152M |
| Selling & Marketing | $175M |
| General & Administrative | $109M |
| SG&A Expenses | $284M |
| Other Expenses | $0 |
| Operating Expenses | $436M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $222M |
| Interest Income | $0 |
| Interest Expense | $37M |
| Other Income/Expenses | -$124M |
| INCOME BEFORE TAX | $98M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $70M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $70M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $70M |
| D&A | $59M |
| EBIT | $222M |
| EBITDA | $281M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $70M |
| Depreciation & Amortization | $59M |
| Stock-Based Compensation | $33M |
| Deferred Income Tax | -$40M |
| Other Non-Cash Items | $46M |
| Change in Working Capital | $189M |
| OPERATING CASH FLOW | $357M |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | -$1.3B |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1.3B |
| Net Debt Issuance | $328M |
| Common Stock Repurchased | -$303M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $22M |
| NET CASH FROM FINANCING | $47M |
| FREE CASH FLOW | $327M |
| Net Change in Cash | -$928M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $125M |
| Short-Term Investments | $0 |
| Net Receivables | $832M |
| Inventory | $729M |
| Other Current Assets | $110M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $519M |
| Goodwill | $4.7B |
| Intangible Assets | $809M |
| Long-Term Investments | $0 |
| Tax Assets | $414M |
| Other Non-Current Assets | $237M |
| TOTAL NON-CURRENT ASSETS | $6.7B |
| TOTAL ASSETS | $8.5B |
| Account Payables | $695M |
| Short-Term Debt | $141M |
| Deferred Revenue | $446M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $396M |
| Deferred Tax Liabilities | $32M |
| Other Non-Current Liabilities | -$41M |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $4.9B |
| Common Stock | $1M |
| Additional Paid-In Capital | $814M |
| Retained Earnings | $5.3B |
| Treasury Stock | -$2.5B |
| Accum. Other Comp. Income | -$18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.6B |
| TOTAL LIABILITIES & EQUITY | $8.5B |
| Total Debt | $2.8B |
| Net Debt | $2.7B |
