$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) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $1.41B | $1.18B | $1.00B | $883.86M | $827.52M | $725.52M | $678.13M |
| Revenue Growth % (YoY) | 70.0% | 62.8% | 48.0% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $215.97M | $207.31M | $192.93M | $172.97M | $174.53M | $146.64M | $128.56M |
| Gross Profit | $1.19B | $973.78M | $810.76M | $710.88M | $652.99M | $578.88M | $549.57M |
| Gross Margin % | 84.6% | 82.4% | 80.8% | 80.4% | 78.9% | 79.8% | 81.0% |
| Operating Expenses | $615.44M | $580.53M | $541.45M | $534.84M | $641.94M | $465.74M | $444.23M |
| Research & Development | $143.55M | $144.19M | $135.04M | $134.89M | $171.50M | $117.56M | $108.78M |
| Operating Income | $575.39M | $393.26M | $269.32M | $176.05M | $11.04M | $113.14M | $105.34M |
| Operating Margin % | 40.9% | 33.3% | 26.8% | 19.9% | 1.3% | 15.6% | 15.5% |
| Interest Income | $62.72M | $59.76M | $56.26M | $50.44M | $54.73M | $52.12M | $46.59M |
| Other Income/Expense | $-16.73M | $27.48M | $6.60M | $-3.17M | $14.77M | $-8.11M | $-11.17M |
| Income Before Tax | $621.38M | $480.50M | $332.17M | $223.32M | $80.54M | $157.15M | $140.76M |
| Income Tax Expense | $9.78M | $3.75M | $3.60M | $5.60M | $3.60M | $7.81M | $5.19M |
| Net Income | $608.68M | $475.60M | $326.73M | $214.03M | $79.01M | $143.53M | $134.13M |
| Net Margin % | 43.3% | 40.3% | 32.6% | 24.2% | 9.5% | 19.8% | 19.8% |
| Basic EPS | 0.26 | 0.20 | 0.14 | 0.09 | 0.04 | 0.06 | 0.06 |
| Diluted EPS | 0.23 | 0.18 | 0.13 | 0.08 | 0.03 | 0.06 | 0.06 |
| Basic Shares Outstanding | - | 2.38B | 2.37B | 2.35B | 18.4M | 2.25B | 2.23B |
| Diluted Shares Outstanding | - | 2.57B | 2.56B | 2.55B | 26.0M | 2.46B | 2.41B |
| 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) |
|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $1.42B | $1.62B | $929.55M | $993.46M | $2.10B | $768.71M | $512.66M |
| Short-term Investments | $5.75B | $4.82B | $5.07B | $4.44B | $3.13B | $3.80B | $3.49B |
| Accounts Receivable | $1.04B | $1.01B | $747.48M | $725.21M | $575.05M | $668.11M | $659.34M |
| Other Current Assets | $139.07M | $142.43M | $142.49M | $126.70M | $129.25M | $119.19M | $115.71M |
| Total Current Assets | $8.36B | $7.59B | $6.89B | $6.28B | $5.93B | $5.35B | $4.77B |
| Property Plant & Equipment | $51.96M | $45.71M | $43.52M | $39.67M | $39.64M | $40.34M | $43.48M |
| Other Non-current Assets | $290.15M | $277.78M | $228.30M | $205.30M | $166.22M | $164.22M | $161.43M |
| Total Assets | $8.90B | $8.11B | $7.37B | $6.74B | $6.34B | $5.77B | $5.19B |
| Accounts Payable | $8.06M | $67.50M | $10.77M | $2.33M | $103.00K | $27.02M | $67.34M |
| Accrued Liabilities | $355.62M | $381.74M | $393.62M | $371.06M | $427.05M | $265.24M | $195.49M |
| Deferred Revenue | $408.96M | $316.72M | $376.78M | $318.56M | $259.62M | $236.61M | $278.44M |
| Total Current Liabilities | $1.18B | $1.18B | $1.09B | $967.44M | $996.02M | $943.46M | $806.92M |
| Other Non-current Liabilities | $7.09M | $10.65M | $12.01M | $12.49M | $13.69M | $14.49M | $15.64M |
| Total Liabilities | $1.41B | $1.43B | $1.34B | $1.22B | $1.25B | $1.18B | $1.05B |
| Common Stock | $2.39M | $2.38M | $2.37M | $2.36M | $2.34M | $2.27M | $2.24M |
| Retained Earnings | $-3.56B | $-4.17B | $-4.65B | $-4.97B | $-5.19B | $-5.27B | $-5.41B |
| Total Stockholders Equity | $7.39B | $6.59B | $5.93B | $5.42B | $5.00B | $4.50B | $4.05B |
| Total Liabilities & Equity | $8.90B | $8.11B | $7.37B | $6.74B | $6.34B | $5.77B | $5.19B |
| 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) |
|---|---|---|---|---|---|---|---|
| Net Income | $608.68M | $475.60M | $326.73M | $214.03M | $79.01M | $143.53M | $239.66M |
| Depreciation & Amortization | $7.02M | $19.13M | $13.15M | $6.62M | $7.01M | $24.58M | $16.49M |
| Stock-based Compensation | $196.41M | $487.63M | $315.31M | $155.34M | $281.80M | $409.84M | $267.42M |
| Change in Receivables | $27.45M | $422.98M | $163.50M | $134.96M | $-100.54M | $311.70M | $298.31M |
| Change in Payables | - | - | - | - | $-26.55M | $7.71M | $53.37M |
| Operating Cash Flow | $777.29M | $1.36B | $849.51M | $310.26M | $460.33M | $693.54M | $273.77M |
| Capital Expenditure | $13.27M | $20.61M | $13.82M | $6.18M | $3.11M | $9.53M | $5.54M |
| Purchases of Investments | $1.61B | $6.09B | $2.58B | $1.70B | $1.98B | $3.42B | $1.78B |
| Investing Cash Flow | $-957.83M | $-1.83B | $-2.01B | $-1.39B | $640.19M | $-980.85M | $-660.12M |
| Stock Repurchased | $19.20M | $55.79M | $36.59M | $18.00M | $18.60M | $45.60M | $26.70M |
| Financing Cash Flow | $-10.90M | $-16.01M | $-22.45M | $-28.90M | $238.66M | $224.70M | $73.27M |
| Net Change in Cash | $-193.40M | $-475.11M | $-1.17B | $-1.10B | $1.33B | $-61.65M | $-318.03M |
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.