$4.48B
Revenue
$1.63B
Net Income
82.37%
Gross Margin
31.59%
Op. Margin
$3.24B
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) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $4.48B | $4.48B | $2.87B | $2.23B | $1.91B | $1.54B | $1.09B |
| Revenue Growth % | 0.0% | 56.2% | 28.8% | 16.7% | 23.6% | 41.1% | nan% |
| Cost of Revenue | $789.18M | $789.18M | $565.99M | $431.11M | $408.55M | $339.40M | $352.55M |
| Gross Profit | $3.69B | $3.69B | $2.30B | $1.79B | $1.50B | $1.20B | $740.13M |
| Gross Margin % | 82.4% | 82.4% | 80.2% | 80.6% | 78.6% | 78.0% | 67.7% |
| Operating Expenses | $2.27B | $2.27B | $1.99B | $1.67B | $1.66B | $1.61B | $1.91B |
| Research & Development | $557.68M | $557.68M | $507.88M | $404.62M | $359.68M | $387.49M | $560.66M |
| Operating Income | $1.41B | $1.41B | $310.40M | $119.97M | $-161.20M | $-411.05M | $-1.17B |
| Operating Margin % | 31.6% | 31.6% | 10.8% | 5.4% | -8.5% | -26.7% | -107.4% |
| Interest Expense | - | - | - | $3.47M | $4.06M | $3.64M | $14.14M |
| Interest Income | $229.18M | $229.18M | $196.79M | $132.57M | $20.31M | $1.61M | $4.68M |
| Other Income/Expense | $14.17M | $14.17M | $-18.02M | $-11.98M | $-216.08M | $-75.42M | $3.30M |
| Income Before Tax | $1.66B | $1.66B | $489.17M | $237.09M | $-361.03M | $-488.49M | $-1.18B |
| Income Tax Expense | $22.72M | $22.72M | $21.25M | $19.72M | $10.07M | $31.89M | $-12.64M |
| Net Income | $1.63B | $1.63B | $462.19M | $209.82M | $-373.70M | $-520.38M | $-1.17B |
| Net Margin % | 36.3% | 36.3% | 16.1% | 9.4% | -19.6% | -33.7% | -106.7% |
| Basic EPS | 0.69 | 0.69 | 0.21 | 0.10 | -0.18 | -0.27 | -1.19 |
| Diluted EPS | 0.62 | 0.63 | 0.19 | 0.09 | -0.18 | -0.27 | -1.20 |
| Basic Shares Outstanding | - | 2.37B | 2.25B | 2.15B | 2.06B | 1.92B | 977.7M |
| Diluted Shares Outstanding | - | 2.57B | 2.45B | 2.30B | 2.06B | 1.92B | 979.3M |
| 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) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $1.42B | $2.10B | $831.05M | $2.60B | $2.29B | $2.01B |
| Short-term Investments | $5.75B | $3.13B | $2.84B | $35.13M | $234.15M | - |
| Accounts Receivable | $1.04B | $575.05M | $364.78M | $258.35M | $190.92M | $156.93M |
| Other Current Assets | $139.07M | $129.25M | $99.66M | $133.31M | $110.87M | $51.89M |
| Total Current Assets | $8.36B | $5.93B | $4.14B | $3.04B | $2.86B | $2.26B |
| Property Plant & Equipment | $51.96M | $39.64M | $47.76M | $69.17M | $31.30M | $29.54M |
| Other Non-current Assets | $290.15M | $166.22M | $153.19M | $137.70M | $96.39M | $106.92M |
| Total Assets | $8.90B | $6.34B | $4.52B | $3.46B | $3.25B | $2.69B |
| Accounts Payable | $8.06M | $103.00K | $12.12M | $44.79M | $74.91M | $16.36M |
| Accrued Liabilities | $355.62M | $427.05M | $222.99M | $172.72M | $155.81M | $158.55M |
| Deferred Revenue | $408.96M | $259.62M | $246.90M | $183.35M | $227.82M | $189.52M |
| Total Current Liabilities | $1.18B | $996.02M | $746.02M | $587.94M | $660.06M | $603.82M |
| Long-term Debt | - | - | - | - | - | $197.98M |
| Other Non-current Liabilities | $7.09M | $13.69M | $10.70M | $12.65M | $2.30M | $4.32M |
| Total Liabilities | $1.41B | $1.25B | $961.46M | $818.80M | $956.42M | $1.17B |
| Common Stock | $2.39M | $2.34M | $2.20M | $2.10M | $2.03M | $1.79M |
| Retained Earnings | $-3.56B | $-5.19B | $-5.65B | $-5.86B | $-5.49B | $-4.97B |
| Treasury Stock | - | - | - | - | - | - |
| Total Stockholders Equity | $7.39B | $5.00B | $3.48B | $2.57B | $2.29B | $1.52B |
| Total Liabilities & Equity | $8.90B | $6.34B | $4.52B | $3.46B | $3.25B | $2.69B |
| 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) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|---|---|
| Net Income | $1.63B | $1.63B | $462.19M | $209.82M | $-373.70M | $-520.38M | $-1.17B |
| Depreciation & Amortization | $45.92M | $26.14M | $31.59M | $33.35M | $22.52M | $14.90M | $13.87M |
| Stock-based Compensation | $1.15B | $684.03M | $691.64M | $475.90M | $564.80M | $778.22M | $1.27B |
| Deferred Income Tax | - | $-3.91M | $-566.00K | $-4.81M | $-174.00K | $43.32M | $-20.39M |
| Change in Receivables | $748.89M | $450.43M | $211.16M | $106.16M | $77.52M | $35.24M | $108.48M |
| Change in Payables | - | - | $-18.84M | $-31.83M | $-29.86M | $57.77M | $-34.68M |
| Operating Cash Flow | $3.29B | $2.13B | $1.15B | $712.18M | $223.74M | $333.85M | $-296.61M |
| Capital Expenditure | $53.88M | $33.88M | $12.63M | $15.11M | $40.03M | $12.63M | $12.24M |
| Acquisitions | - | - | - | - | $-66.71M | - | - |
| Purchases of Investments | $11.98B | $7.70B | $5.40B | $5.64B | $124.50M | $308.31M | - |
| Investing Cash Flow | $-6.18B | $-2.78B | $-340.65M | $-2.71B | $-45.43M | $-397.91M | $-14.92M |
| Debt Repayment | - | - | - | - | - | $200.00M | $400.00M |
| Stock Issued | - | - | - | - | - | - | $942.53M |
| Stock Repurchased | $129.58M | $74.98M | $64.20M | - | - | - | $3.78M |
| Financing Cash Flow | $-78.25M | $-26.91M | $463.36M | $218.84M | $86.00M | $306.75M | $1.04B |
| Net Change in Cash | $-2.94B | $-668.51M | $1.27B | $-1.78B | $260.42M | $238.77M | $726.18M |
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 | $1.18B | $725.52M | $3.07B | $2.04B |
| Cost of Revenue | $207.31M | $146.64M | $573.21M | $391.46M |
| Gross Profit | $973.78M | $578.88M | $2.50B | $1.65B |
| Operating Expenses | $580.53M | $465.74M | $1.66B | $1.35B |
| Research & Development | $144.19M | $117.56M | $414.12M | $336.38M |
| Operating Income | $393.26M | $113.14M | $838.62M | $299.36M |
| Interest Income | $59.76M | $52.12M | $166.46M | $142.06M |
| Other Income/Expense | $27.48M | $-8.11M | $30.91M | $-32.79M |
| Income Before Tax | $480.50M | $157.15M | $1.04B | $408.63M |
| Income Tax Expense | $3.75M | $7.81M | $12.95M | $17.65M |
| Net Income | $475.60M | $143.53M | $1.02B | $383.18M |
| Basic EPS | 0.20 | 0.06 | 0.43 | 0.17 |
| Diluted EPS | 0.18 | 0.06 | 0.40 | 0.16 |
| Basic Shares Outstanding | $2.38B | $2.25B | $2.36B | $2.23B |
| Diluted Shares Outstanding | $2.57B | $2.46B | $2.56B | $2.42B |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $1.62B | $2.10B |
| Short-term Investments | $4.82B | $3.13B |
| Accounts Receivable | $1.01B | $575.05M |
| Other Current Assets | $142.43M | $129.25M |
| Total Current Assets | $7.59B | $5.93B |
| Property Plant & Equipment | $45.71M | $39.64M |
| Other Non-current Assets | $277.78M | $166.22M |
| Total Assets | $8.11B | $6.34B |
| Accounts Payable | $67.50M | $103.00K |
| Accrued Liabilities | $381.74M | $427.05M |
| Deferred Revenue | $316.72M | $259.62M |
| Total Current Liabilities | $1.18B | $996.02M |
| Other Non-current Liabilities | $10.65M | $13.69M |
| Total Liabilities | $1.43B | $1.25B |
| Common Stock | $2.38M | $2.34M |
| Retained Earnings | $-4.17B | $-5.19B |
| Total Stockholders Equity | $6.59B | $5.00B |
| Total Liabilities & Equity | $8.11B | $6.34B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $475.60M | $143.53M | $1.02B | $383.18M |
| Depreciation & Amortization | - | - | $19.13M | $24.58M |
| Stock-based Compensation | - | - | $487.63M | $409.84M |
| Change in Receivables | - | - | $422.98M | $311.70M |
| Operating Cash Flow | - | - | $1.36B | $693.54M |
| Capital Expenditure | - | - | $20.61M | $9.53M |
| Purchases of Investments | - | - | $6.09B | $3.42B |
| Investing Cash Flow | - | - | $-1.83B | $-980.85M |
| Stock Repurchased | - | - | $55.79M | $45.60M |
| Financing Cash Flow | - | - | $-16.01M | $224.70M |
| Net Change in Cash | - | - | $-475.11M | $-61.65M |
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.