$4.48B
Revenue
$1.63B
Net Income
82.37%
Gross Margin
31.59%
Op. Margin
$3.24B
Free Cash Flow
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.41B | $1.18B | $1.00B | $883.86M | $827.52M | $725.52M | $678.13M | $634.34M | $608.35M | $558.16M | $533.32M | $525.19M | $508.62M | $477.88M |
| Revenue Growth % (YoY) | 70.0% | 62.8% | 48.0% | 39.3% | 36.0% | 30.0% | 27.2% | 20.8% | 19.6% | 16.8% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $215.97M | $207.31M | $192.93M | $172.97M | $174.53M | $146.64M | $128.56M | $116.26M | $108.64M | $107.92M | $106.90M | $107.64M | $104.31M | $107.61M |
| Gross Profit | $1.19B | $973.78M | $810.76M | $710.88M | $652.99M | $578.88M | $549.57M | $518.08M | $499.71M | $450.24M | $426.42M | $417.54M | $404.31M | $370.27M |
| Gross Margin % | 84.6% | 82.4% | 80.8% | 80.4% | 78.9% | 79.8% | 81.0% | 81.7% | 82.1% | 80.7% | 80.0% | 79.5% | 79.5% | 77.5% |
| Operating Expenses | $615.44M | $580.53M | $541.45M | $534.84M | $641.94M | $465.74M | $444.23M | $437.20M | $433.92M | $410.25M | $416.34M | $413.43M | $422.14M | $432.46M |
| Research & Development | $143.55M | $144.19M | $135.04M | $134.89M | $171.50M | $117.56M | $108.78M | $110.04M | $109.28M | $105.71M | $99.53M | $90.10M | $82.04M | $100.86M |
| Operating Income | $575.39M | $393.26M | $269.32M | $176.05M | $11.04M | $113.14M | $105.34M | $80.88M | $65.79M | $39.98M | $10.07M | $4.12M | $-17.83M | $-62.19M |
| Operating Margin % | 40.9% | 33.3% | 26.8% | 19.9% | 1.3% | 15.6% | 15.5% | 12.8% | 10.8% | 7.2% | 1.9% | 0.8% | -3.5% | -13.0% |
| Interest Expense | - | - | - | - | - | - | - | - | $136.00K | $742.00K | $1.32M | $1.27M | $1.71M | $1.08M |
| Interest Income | $62.72M | $59.76M | $56.26M | $50.44M | $54.73M | $52.12M | $46.59M | $43.35M | $44.55M | $36.86M | $30.31M | $20.85M | $12.75M | $5.54M |
| Other Income/Expense | $-16.73M | $27.48M | $6.60M | $-3.17M | $14.77M | $-8.11M | $-11.17M | $-13.51M | $-3.96M | $3.86M | $-9.02M | $-2.86M | $44.64M | $-65.05M |
| Income Before Tax | $621.38M | $480.50M | $332.17M | $223.32M | $80.54M | $157.15M | $140.76M | $110.73M | $106.25M | $79.97M | $30.04M | $20.83M | $37.85M | $-122.78M |
| Income Tax Expense | $9.78M | $3.75M | $3.60M | $5.60M | $3.60M | $7.81M | $5.19M | $4.66M | $9.33M | $6.53M | $2.17M | $1.68M | $4.36M | $1.10M |
| Net Income | $608.68M | $475.60M | $326.73M | $214.03M | $79.01M | $143.53M | $134.13M | $105.53M | $93.39M | $71.50M | $28.13M | $16.80M | $30.88M | $-123.88M |
| Net Margin % | 43.3% | 40.3% | 32.6% | 24.2% | 9.5% | 19.8% | 19.8% | 16.6% | 15.4% | 12.8% | 5.3% | 3.2% | 6.1% | -25.9% |
| Basic EPS | 0.26 | 0.20 | 0.14 | 0.09 | 0.04 | 0.06 | 0.06 | 0.05 | 0.05 | 0.03 | 0.01 | 0.01 | 0.02 | -0.06 |
| Diluted EPS | 0.23 | 0.18 | 0.13 | 0.08 | 0.03 | 0.06 | 0.06 | 0.04 | 0.04 | 0.03 | 0.01 | 0.01 | 0.02 | -0.06 |
| Basic Shares Outstanding | - | 2.38B | 2.37B | 2.35B | 18.4M | 2.25B | 2.23B | 2.21B | 13.4M | 2.16B | 2.13B | 2.11B | 8.9M | 2.07B |
| Diluted Shares Outstanding | - | 2.57B | 2.56B | 2.55B | 26.0M | 2.46B | 2.41B | 2.40B | 16.6M | 2.33B | 2.28B | 2.22B | 8.9M | 2.07B |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $1.42B | $1.62B | $929.55M | $993.46M | $2.10B | $768.71M | $512.66M | $520.39M | $831.05M | $1.04B | $1.06B | $1.26B | $2.60B | $2.41B |
| Short-term Investments | $5.75B | $4.82B | $5.07B | $4.44B | $3.13B | $3.80B | $3.49B | $3.35B | $2.84B | $2.24B | $2.05B | $1.64B | $35.13M | $57.34M |
| Accounts Receivable | $1.04B | $1.01B | $747.48M | $725.21M | $575.05M | $668.11M | $659.34M | $486.99M | $364.78M | $430.27M | $375.76M | $254.04M | $258.35M | $343.26M |
| Other Current Assets | $139.07M | $142.43M | $142.49M | $126.70M | $129.25M | $119.19M | $115.71M | $81.18M | $99.66M | $95.55M | $97.91M | $85.62M | $133.31M | $114.16M |
| Total Current Assets | $8.36B | $7.59B | $6.89B | $6.28B | $5.93B | $5.35B | $4.77B | $4.44B | $4.14B | $3.81B | $3.58B | $3.26B | $3.04B | $2.95B |
| Property Plant & Equipment | $51.96M | $45.71M | $43.52M | $39.67M | $39.64M | $40.34M | $43.48M | $46.91M | $47.76M | $50.13M | $54.10M | $63.12M | $69.17M | $57.82M |
| Other Non-current Assets | $290.15M | $277.78M | $228.30M | $205.30M | $166.22M | $164.22M | $161.43M | $150.40M | $153.19M | $143.70M | $149.59M | $141.76M | $137.70M | $94.14M |
| Total Assets | $8.90B | $8.11B | $7.37B | $6.74B | $6.34B | $5.77B | $5.19B | $4.81B | $4.52B | $4.19B | $3.98B | $3.68B | $3.46B | $3.32B |
| Accounts Payable | $8.06M | $67.50M | $10.77M | $2.33M | $103.00K | $27.02M | $67.34M | $35.63M | $12.12M | $9.47M | $4.61M | $4.53M | $44.79M | $59.51M |
| Accrued Liabilities | $355.62M | $381.74M | $393.62M | $371.06M | $427.05M | $265.24M | $195.49M | $206.03M | $222.99M | $174.75M | $184.62M | $174.53M | $172.72M | $164.70M |
| Deferred Revenue | $408.96M | $316.72M | $376.78M | $318.56M | $259.62M | $236.61M | $278.44M | $237.19M | $246.90M | $223.51M | $260.33M | $229.55M | $183.35M | $189.77M |
| Total Current Liabilities | $1.18B | $1.18B | $1.09B | $967.44M | $996.02M | $943.46M | $806.92M | $750.55M | $746.02M | $688.92M | $685.38M | $601.41M | $587.94M | $688.35M |
| Other Non-current Liabilities | $7.09M | $10.65M | $12.01M | $12.49M | $13.69M | $14.49M | $15.64M | $9.97M | $10.70M | $11.41M | $12.10M | $13.55M | $12.65M | $2.05M |
| Total Liabilities | $1.41B | $1.43B | $1.34B | $1.22B | $1.25B | $1.18B | $1.05B | $945.91M | $961.46M | $921.52M | $945.13M | $879.95M | $818.80M | $932.22M |
| Common Stock | $2.39M | $2.38M | $2.37M | $2.36M | $2.34M | $2.27M | $2.24M | $2.23M | $2.20M | $2.17M | $2.15M | $2.12M | $2.10M | $2.08M |
| Retained Earnings | $-3.56B | $-4.17B | $-4.65B | $-4.97B | $-5.19B | $-5.27B | $-5.41B | $-5.54B | $-5.65B | $-5.74B | $-5.81B | $-5.84B | $-5.86B | $-5.89B |
| Total Stockholders Equity | $7.39B | $6.59B | $5.93B | $5.42B | $5.00B | $4.50B | $4.05B | $3.78B | $3.48B | $3.19B | $2.96B | $2.72B | $2.57B | $2.39B |
| Total Liabilities & Equity | $8.90B | $8.11B | $7.37B | $6.74B | $6.34B | $5.77B | $5.19B | $4.81B | $4.52B | $4.19B | $3.98B | $3.68B | $3.46B | $3.32B |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $608.68M | $475.60M | $326.73M | $214.03M | $79.01M | $143.53M | $239.66M | $105.53M | $93.39M | $71.50M | $44.93M | $16.80M | $30.88M | $-123.88M |
| Depreciation & Amortization | $7.02M | $19.13M | $13.15M | $6.62M | $7.01M | $24.58M | $16.49M | $8.44M | $7.97M | $25.38M | $16.72M | $8.32M | $7.37M | $15.15M |
| Stock-based Compensation | $196.41M | $487.63M | $315.31M | $155.34M | $281.80M | $409.84M | $267.42M | $125.65M | $132.61M | $343.30M | $228.91M | $114.71M | $129.40M | $435.40M |
| Deferred Income Tax | - | - | - | - | - | - | - | - | - | - | - | - | $-143.00K | $-31.00K |
| Change in Receivables | $27.45M | $422.98M | $163.50M | $134.96M | $-100.54M | $311.70M | $298.31M | $121.88M | $-53.59M | $159.75M | $113.66M | $628.00K | $-77.07M | $154.59M |
| Change in Payables | - | - | - | - | $-26.55M | $7.71M | $53.37M | $23.81M | $555.00K | $-32.39M | $-39.06M | $-39.92M | $-14.69M | $-15.16M |
| Operating Cash Flow | $777.29M | $1.36B | $849.51M | $310.26M | $460.33M | $693.54M | $273.77M | $129.58M | $301.17M | $411.01M | $277.57M | $187.38M | $78.76M | $144.97M |
| Capital Expenditure | $13.27M | $20.61M | $13.82M | $6.18M | $3.11M | $9.53M | $5.54M | $2.66M | $4.86M | $10.25M | $8.69M | $4.75M | $4.92M | $35.11M |
| Purchases of Investments | $1.61B | $6.09B | $2.58B | $1.70B | $1.98B | $3.42B | $1.78B | $1.26B | $844.74M | $4.79B | $2.94B | $2.31B | - | $124.50M |
| Investing Cash Flow | $-957.83M | $-1.83B | $-2.01B | $-1.39B | $640.19M | $-980.85M | $-660.12M | $-511.25M | $-569.23M | $-2.14B | $-1.95B | $-1.55B | $73.08M | $-118.51M |
| Debt Repayment | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Stock Repurchased | $19.20M | $55.79M | $36.59M | $18.00M | $18.60M | $45.60M | $26.70M | $9.00M | - | - | - | - | - | - |
| Financing Cash Flow | $-10.90M | $-16.01M | $-22.45M | $-28.90M | $238.66M | $224.70M | $73.27M | $75.25M | $51.23M | $167.61M | $116.67M | $25.98M | $14.16M | $71.84M |
| Net Change in Cash | $-193.40M | $-475.11M | $-1.17B | $-1.10B | $1.33B | $-61.65M | $-318.03M | $-310.44M | $-211.78M | $-1.57B | $-1.55B | $-1.34B | $174.59M | $85.83M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.