| Metric | Q4 2026 | Q3 2026 | Q4 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.2B | 1.4% | 5.3% |
| Op. Income | $250M | $310M | $225M | -19.5% | 11.0% |
| Gross Margin | 76.3% | 77.9% | 75.7% | -1.6pp | 0.6pp |
| Net Margin | 54.1% | 49.8% | 31.1% | 4.2pp | 23.0pp |
| EPS (Diluted) | $2.22 | $2.00 | $1.16 | 11.0% | 91.4% |
| Free Cash Flow | $338M | $614M | $416M | -44.9% | -18.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $296M |
| GROSS PROFIT | $951M |
| R&D Expenses | $223M |
| Selling & Marketing | $360M |
| General & Administrative | $119M |
| SG&A Expenses | $478M |
| Other Expenses | $0 |
| Operating Expenses | $701M |
| Cost & Expenses | $997M |
| OPERATING INCOME | $250M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $614M |
| INCOME BEFORE TAX | $864M |
| Income Tax Expense | $190M |
| Net Income from Continuing Ops | $674M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $674M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $674M |
| D&A | $33M |
| EBIT | $864M |
| EBITDA | $897M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $296M |
| GROSS PROFIT | $951M |
| R&D Expenses | $223M |
| Selling & Marketing | $360M |
| General & Administrative | $119M |
| SG&A Expenses | $478M |
| Other Expenses | $0 |
| Operating Expenses | $701M |
| Cost & Expenses | $997M |
| OPERATING INCOME | $250M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $614M |
| INCOME BEFORE TAX | $864M |
| Income Tax Expense | $190M |
| Net Income from Continuing Ops | $674M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $674M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $674M |
| D&A | $33M |
| EBIT | $864M |
| EBITDA | $897M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $674M |
| Depreciation & Amortization | $70M |
| Stock-Based Compensation | $185M |
| Deferred Income Tax | $105M |
| Other Non-Cash Items | -$456M |
| Change in Working Capital | -$224M |
| OPERATING CASH FLOW | $355M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | -$120M |
| Purchases of Investments | -$1.5B |
| Sales/Maturities of Investments | $1.7B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $51M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$324M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$56M |
| NET CASH FROM FINANCING | -$354M |
| FREE CASH FLOW | $338M |
| Net Change in Cash | $45M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $6.5B |
| Net Receivables | $497M |
| Inventory | $0 |
| Other Current Assets | $344M |
| TOTAL CURRENT ASSETS | $8.7B |
| PP&E (Net) | $317M |
| Goodwill | $400M |
| Intangible Assets | $71M |
| Long-Term Investments | $1.6B |
| Tax Assets | $647M |
| Other Non-Current Assets | $289M |
| TOTAL NON-CURRENT ASSETS | $3.3B |
| TOTAL ASSETS | $12.0B |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.5B |
| Other Current Liabilities | $244M |
| TOTAL CURRENT LIABILITIES | $2.0B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $13M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $109M |
| TOTAL NON-CURRENT LIABILITIES | $153M |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $295.0K |
| Additional Paid-In Capital | $4.1B |
| Retained Earnings | $5.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.8B |
| TOTAL LIABILITIES & EQUITY | $12.0B |
| Total Debt | $58M |
| Net Debt | -$1.2B |
