$1.75B
Revenue
$393.44M
Net Income
75.86%
Gross Margin
15.07%
Op. Margin
$979.55M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|---|
| Total Revenue | $1.75B | $1.75B | $1.50B | $1.43B | $1.32B | $1.21B |
| Revenue Growth % | 0.0% | 16.6% | 4.5% | 8.7% | 8.8% | nan% |
| Cost of Revenue | $421.38M | $421.38M | $390.67M | $378.48M | $368.63M | $336.36M |
| Gross Profit | $1.32B | $1.32B | $1.11B | $1.05B | $949.21M | $875.29M |
| Gross Margin % | 75.9% | 75.9% | 73.9% | 73.6% | 72.0% | 72.2% |
| Operating Expenses | $1.06B | $1.06B | $982.63M | $973.18M | $1.06B | $970.02M |
| Research & Development | $312.68M | $312.68M | $298.07M | $295.51M | $294.35M | $260.63M |
| Operating Income | $263.10M | $263.10M | $123.88M | $80.95M | $-109.41M | $-94.73M |
| Operating Margin % | 15.1% | 15.1% | 8.3% | 5.7% | -8.3% | -7.8% |
| Interest Expense | $1.28M | $1.28M | $6.83M | $6.88M | $7.79M | $7.96M |
| Other Income/Expense | $20.28M | $20.28M | $1.39M | $18.69M | $6.58M | $89.00K |
| Income Before Tax | $280.63M | $280.63M | $142.64M | $95.44M | $-161.80M | $-131.99M |
| Income Tax Expense | $-112.81M | $-112.81M | $43.45M | $27.63M | $183.78M | $-68.95M |
| Net Income | $393.44M | $393.44M | $99.19M | $67.81M | $-345.58M | $-63.04M |
| Net Margin % | 22.5% | 22.5% | 6.6% | 4.7% | -26.2% | -5.2% |
| Basic EPS | 2.79 | 2.30 | 1.16 | 0.82 | -4.22 | -0.77 |
| Diluted EPS | 2.59 | 2.13 | 1.11 | 0.73 | -4.22 | -0.77 |
| Basic Shares Outstanding | - | 170.8M | 85.3M | 83.2M | 81.9M | 81.4M |
| Diluted Shares Outstanding | - | 184.8M | 89.6M | 84.9M | 81.9M | 81.4M |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $212.45M | $337.10M | $229.90M | $145.05M | $159.97M |
| Short-term Investments | $213.35M | $402.87M | $193.44M | $152.17M | $202.81M |
| Accounts Receivable | $264.71M | $305.47M | $300.17M | $255.15M | $182.72M |
| Other Current Assets | $121.31M | $115.18M | $68.14M | $80.39M | $68.01M |
| Total Current Assets | $978.29M | $1.33B | $1.03B | $846.48M | $840.22M |
| Property Plant & Equipment | $45.24M | $41.81M | - | - | - |
| Goodwill | $81.51M | $81.11M | $81.61M | $81.40M | $81.92M |
| Intangible Assets | $1.20M | $3.83M | - | - | - |
| Other Non-current Assets | $469.50M | $292.05M | $314.70M | $333.99M | $541.60M |
| Total Assets | $1.63B | $1.77B | $1.51B | $1.36B | $1.59B |
| Accounts Payable | $12.92M | $6.23M | $11.29M | $18.20M | $15.28M |
| Accrued Liabilities | $44.85M | $31.54M | $39.94M | $50.35M | $63.89M |
| Deferred Revenue | $509.27M | $423.91M | $377.85M | $325.21M | $275.84M |
| Other Current Liabilities | $21.93M | $18.87M | $21.34M | $17.45M | $9.44M |
| Total Current Liabilities | $737.78M | $1.09B | $577.06M | $538.94M | $485.40M |
| Other Non-current Liabilities | $45.86M | $29.09M | $13.57M | $15.13M | $13.50M |
| Total Liabilities | $844.46M | $1.18B | $1.16B | $1.23B | $1.18B |
| Common Stock | $1.70M | $861.00K | $838.00K | $824.00K | $817.00K |
| Retained Earnings | $463.39M | $87.90M | $-8.71M | $-76.51M | $276.45M |
| Total Stockholders Equity | $787.38M | $585.48M | $353.84M | $130.84M | $416.09M |
| Total Liabilities & Equity | $1.63B | $1.77B | $1.51B | $1.36B | $1.59B |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|---|
| Net Income | $393.44M | $393.44M | $99.19M | $67.81M | $-345.58M | $-63.04M |
| Depreciation & Amortization | $23.16M | $13.70M | $17.59M | $18.75M | $18.78M | $28.59M |
| Stock-based Compensation | $155.24M | $155.24M | $142.72M | $143.35M | $122.21M | $115.95M |
| Deferred Income Tax | $-170.35M | $-170.81M | $-1.54M | $363.00K | $168.89M | $-75.34M |
| Change in Receivables | - | $-19.19M | $-79.03M | $57.60M | $51.16M | $11.96M |
| Operating Cash Flow | $999.95M | $505.23M | $345.93M | $217.78M | $22.34M | $39.12M |
| Capital Expenditure | $20.40M | $14.50M | $7.71M | $16.78M | $35.38M | $10.46M |
| Acquisitions | - | - | - | - | $922.00K | $4.99M |
| Purchases of Investments | $576.66M | $348.64M | $559.37M | $287.29M | $41.02M | $79.12M |
| Sales of Investments | $1.05B | $378.95M | $364.50M | $242.59M | $66.58M | $105.98M |
| Investing Cash Flow | $672.14M | $197.25M | $-202.58M | $-50.75M | $13.07M | $72.50M |
| Stock Repurchased | $868.58M | $499.69M | $68.06M | - | $25.71M | $52.71M |
| Dividends Paid | $23.16M | $15.42M | $10.20M | $9.96M | $9.83M | $9.76M |
| Financing Cash Flow | $-2.06B | $-834.63M | $-30.21M | $-81.96M | $-46.99M | $-121.84M |
| Net Change in Cash | $-366.88M | $-125.17M | $108.70M | $87.77M | $-14.91M | $-11.93M |
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing
Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Total Revenue | $381.35M | - | $1.24B | - |
| Cost of Revenue | $105.89M | - | $317.92M | - |
| Gross Profit | $275.46M | - | $923.58M | - |
| Operating Expenses | $260.99M | - | $764.84M | - |
| Research & Development | $78.76M | - | $231.83M | - |
| Operating Income | $14.47M | - | $158.74M | - |
| Interest Expense | $144.00K | - | $1.17M | - |
| Other Income/Expense | $-43.00K | - | $19.25M | - |
| Income Before Tax | $24.10M | - | $175.65M | - |
| Income Tax Expense | $-19.27M | - | $16.79M | - |
| Net Income | $43.36M | $6.61M | $158.86M | - |
| Basic EPS | 0.25 | - | 0.93 | - |
| Diluted EPS | 0.24 | - | 0.86 | - |
| Basic Shares Outstanding | $170.57M | - | $171.04M | - |
| Diluted Shares Outstanding | $184.09M | - | $185.00M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $148.70M | $337.10M |
| Short-term Investments | $202.66M | $402.87M |
| Accounts Receivable | $160.92M | $305.47M |
| Other Current Assets | $123.79M | $115.18M |
| Total Current Assets | $811.80M | $1.33B |
| Goodwill | $81.40M | $81.11M |
| Other Non-current Assets | $293.72M | $292.05M |
| Total Assets | $1.29B | $1.77B |
| Accounts Payable | $8.06M | $6.23M |
| Accrued Liabilities | $51.86M | $31.54M |
| Deferred Revenue | $404.76M | $423.91M |
| Other Current Liabilities | $21.13M | $18.87M |
| Total Current Liabilities | $597.45M | $1.09B |
| Other Non-current Liabilities | $36.10M | $29.09M |
| Total Liabilities | $695.96M | $1.18B |
| Common Stock | $1.71M | $1.72M |
| Retained Earnings | $233.93M | $87.90M |
| Total Stockholders Equity | $596.83M | $585.48M |
| Total Liabilities & Equity | $1.29B | $1.77B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $43.36M | $6.61M | $158.86M | - |
| Depreciation & Amortization | - | - | $9.41M | - |
| Stock-based Compensation | $43.04M | - | $121.20M | - |
| Deferred Income Tax | - | - | $235.00K | - |
| Change in Working Capital | - | - | $-5.69M | - |
| Operating Cash Flow | - | - | $346.80M | - |
| Capital Expenditure | - | - | $8.48M | - |
| Purchases of Investments | - | - | $238.96M | - |
| Sales of Investments | - | - | $362.44M | - |
| Investing Cash Flow | - | - | $214.90M | - |
| Stock Repurchased | - | - | $394.69M | - |
| Dividends Paid | - | - | $10.31M | - |
| Financing Cash Flow | - | - | $-756.39M | - |
| Net Change in Cash | - | - | $-187.73M | - |
All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.