$1.66B
Revenue
$825.70M
Net Income
88.15%
Gross Margin
67.67%
Op. Margin
$1.83B
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 | $1.66B | $1.66B | $1.56B | $1.49B | $1.42B | $1.33B |
| Revenue Growth % | 0.0% | 6.4% | 4.3% | 4.8% | 7.3% | nan% |
| Cost of Revenue | $196.30M | $196.30M | $191.40M | $197.30M | $200.70M | $191.93M |
| Gross Profit | $1.46B | $1.46B | $1.37B | $1.30B | $1.22B | $1.14B |
| Gross Margin % | 88.2% | 88.2% | 87.7% | 86.8% | 85.9% | 85.5% |
| Operating Expenses | $535.60M | $535.60M | $499.20M | $492.50M | $481.80M | $460.77M |
| Research & Development | $103.60M | $103.60M | $96.70M | $91.00M | $85.70M | $80.53M |
| Selling General & Admin | $235.70M | $235.70M | $211.10M | $204.20M | $195.40M | $188.40M |
| Operating Income | $1.12B | $1.12B | $1.06B | $1.00B | $943.10M | $866.80M |
| Operating Margin % | 67.7% | 67.7% | 67.9% | 67.0% | 66.2% | 65.3% |
| Interest Expense | $77.00M | $77.00M | $75.30M | $75.30M | $75.30M | $83.25M |
| Other Income/Expense | - | $-2.00M | $1.60M | $5.10M | - | - |
| Income Before Tax | $1.07B | $1.07B | $1.02B | $976.50M | $880.20M | $782.22M |
| Income Tax Expense | $242.80M | $242.80M | $236.20M | $158.90M | $206.40M | $-2.61M |
| Net Income | $825.70M | $825.70M | $785.70M | $817.60M | $673.80M | $784.83M |
| Net Margin % | 49.8% | 49.8% | 50.4% | 54.8% | 47.3% | 59.1% |
| Basic EPS | nan | nan | nan | nan | 6.24 | 7.01 |
| Diluted EPS | nan | nan | nan | nan | 6.24 | 7.00 |
| Basic Shares Outstanding | - | 93.5M | 98.1M | 103.4M | 107.9M | 112.0M |
| Diluted Shares Outstanding | - | 93.8M | 98.2M | 103.5M | 108.0M | 112.2M |
| 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 | $307.90M | $206.70M | $240.10M | $373.60M | $223.49M |
| Short-term Investments | $272.60M | $393.20M | $686.30M | $606.80M | $982.32M |
| Accounts Receivable | $7.70M | $5.60M | - | - | - |
| Other Current Assets | $72.00M | $63.90M | $61.90M | $58.30M | $62.93M |
| Total Current Assets | $652.50M | $663.80M | $988.30M | $1.04B | $1.27B |
| Property Plant & Equipment | $213.70M | $224.50M | $233.20M | $232.00M | $251.22M |
| Goodwill | $52.50M | $52.50M | $52.50M | $52.50M | $52.53M |
| Other Non-current Assets | $28.80M | $39.40M | $29.00M | $30.60M | $35.56M |
| Total Assets | $1.33B | $1.41B | $1.75B | $1.73B | $1.98B |
| Deferred Revenue | $1.04B | $973.50M | $931.10M | $890.40M | $847.41M |
| Total Current Liabilities | $1.33B | $1.53B | $1.19B | $1.12B | $1.07B |
| Other Non-current Liabilities | $9.40M | $10.10M | $36.30M | $62.10M | $78.63M |
| Total Liabilities | $3.48B | $3.36B | $3.33B | $3.30B | $3.24B |
| Common Stock | $9.62B | $10.65B | $11.81B | $12.64B | $13.62B |
| Retained Earnings | $-11.78B | $-12.60B | $-13.39B | $-14.20B | $-14.88B |
| Total Stockholders Equity | $-2.15B | $-1.96B | $-1.58B | $-1.56B | $-1.26B |
| Total Liabilities & Equity | $1.33B | $1.41B | $1.75B | $1.73B | $1.98B |
| 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 | $825.70M | $825.70M | $785.70M | $817.60M | $673.80M | $784.83M |
| Depreciation & Amortization | $31.20M | $31.20M | $36.90M | $44.10M | $46.90M | $47.94M |
| Stock-based Compensation | $87.20M | $69.70M | $61.10M | $59.70M | $58.60M | $53.44M |
| Deferred Income Tax | - | $47.30M | $13.70M | $-52.60M | - | - |
| Operating Cash Flow | $1.88B | $1.09B | $902.60M | $853.80M | $831.10M | $807.15M |
| Capital Expenditure | $42.20M | $22.80M | $28.10M | $45.80M | $27.40M | $53.03M |
| Purchases of Investments | $886.00M | $572.20M | $880.70M | $1.33B | $1.34B | $2.87B |
| Investing Cash Flow | $531.30M | $109.10M | $286.30M | $-97.40M | $355.70M | $-269.25M |
| Debt Repayment | - | $500.00M | - | - | - | - |
| Stock Repurchased | $881.60M | $881.60M | $1.23B | $901.40M | $1.05B | $722.59M |
| Dividends Paid | - | $215.20M | - | - | - | - |
| Financing Cash Flow | $-1.83B | $-1.10B | $-1.22B | $-889.80M | $-1.04B | $-719.13M |
| Net Change in Cash | $573.60M | $97.40M | $-33.40M | $-133.50M | $150.20M | $-181.78M |
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 | $419.10M | $390.60M | $1.23B | $1.16B |
| Cost of Revenue | $48.80M | $46.80M | $147.30M | $143.00M |
| Operating Expenses | $134.80M | $121.30M | $395.10M | $367.60M |
| Research & Development | $25.40M | $23.20M | $77.10M | $71.80M |
| Selling General & Admin | $60.60M | $51.30M | $170.70M | $152.80M |
| Operating Income | $284.30M | $269.30M | $836.20M | $794.40M |
| Interest Expense | $18.90M | $18.90M | $58.10M | $56.50M |
| Income Before Tax | $271.70M | $260.90M | $797.40M | $773.80M |
| Income Tax Expense | $58.90M | $59.60M | $177.90M | $179.60M |
| Net Income | $212.80M | $201.30M | $619.50M | $594.20M |
| Basic Shares Outstanding | $93.30M | $97.30M | $93.90M | $99.00M |
| Diluted Shares Outstanding | $93.60M | $97.30M | $94.10M | $99.10M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $235.40M | $206.70M |
| Short-term Investments | $382.30M | $393.20M |
| Other Current Assets | $70.70M | $63.90M |
| Total Current Assets | $688.40M | $663.80M |
| Property Plant & Equipment | $218.60M | $224.50M |
| Goodwill | $52.50M | $52.50M |
| Other Non-current Assets | $31.90M | $39.40M |
| Total Assets | $1.40B | $1.41B |
| Deferred Revenue | $1.04B | $973.50M |
| Total Current Liabilities | $1.31B | $1.53B |
| Other Non-current Liabilities | $11.30M | $10.10M |
| Total Liabilities | $3.45B | $3.36B |
| Common Stock | $9.93B | $10.65B |
| Retained Earnings | $-11.98B | $-12.60B |
| Total Stockholders Equity | $-2.05B | $-1.96B |
| Total Liabilities & Equity | $1.40B | $1.41B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $212.80M | $201.30M | $619.50M | $594.20M |
| Depreciation & Amortization | $7.30M | $9.00M | $24.50M | $28.10M |
| Stock-based Compensation | $18.40M | $15.80M | $51.80M | $45.20M |
| Operating Cash Flow | - | - | $801.50M | $671.10M |
| Capital Expenditure | - | - | $18.30M | $18.60M |
| Purchases of Investments | - | - | $393.60M | $684.00M |
| Investing Cash Flow | - | - | $600.00K | $307.00M |
| Stock Repurchased | $218.70M | - | $627.20M | $963.30M |
| Dividends Paid | $72.00M | - | $144.10M | - |
| Financing Cash Flow | - | - | $-777.30M | $-951.00M |
| Net Change in Cash | - | - | $24.90M | $27.20M |
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.