$12.67B
Revenue
$1.73B
Net Income
78.05%
Gross Margin
13.85%
Op. Margin
$7.43B
Free Cash Flow
| Breakdown | TTM (Sep 30, 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 | $12.67B | $10.98B | $8.97B | $7.25B | $5.90B | $4.52B |
| Revenue Growth % | 15.3% | 22.4% | 23.8% | 22.9% | 30.5% | nan% |
| Cost of Revenue | $2.78B | $2.29B | $1.92B | $1.57B | $1.35B | $987.11M |
| Gross Profit | $9.89B | $8.70B | $7.05B | $5.67B | $4.54B | $3.53B |
| Gross Margin % | 78.1% | 79.2% | 78.6% | 78.3% | 77.1% | 78.2% |
| Operating Expenses | $8.13B | $7.33B | $6.29B | $5.32B | $4.29B | $3.33B |
| Research & Development | $2.85B | $2.54B | $2.12B | $1.77B | $1.40B | $1.02B |
| Operating Income | $1.75B | $1.36B | $762.00M | $355.00M | $257.00M | $198.86M |
| Operating Margin % | 13.9% | 12.4% | 8.5% | 4.9% | 4.4% | 4.4% |
| Interest Expense | $44.00M | $23.00M | $23.00M | $27.00M | $28.00M | $32.75M |
| Other Income/Expense | $-24.00M | $-45.00M | $-56.00M | $71.00M | $20.00M | $-16.93M |
| Income Before Tax | $2.18B | $1.74B | $1.01B | $399.00M | $249.00M | $150.00M |
| Income Tax Expense | $452.00M | $313.00M | $-723.00M | $74.00M | $19.00M | $30.68M |
| Net Income | $1.73B | $1.43B | $1.73B | $325.00M | $230.14M | $118.50M |
| Net Margin % | 13.7% | 13.0% | 19.3% | 4.5% | 3.9% | 2.6% |
| Basic EPS | 8.36 | 6.92 | 8.48 | 1.61 | 1.16 | 0.61 |
| Diluted EPS | 8.28 | 6.84 | 8.42 | 1.60 | 1.13 | 0.59 |
| Basic Shares Outstanding | 207.6M | 205.8M | 204.1M | 201.4M | 198.1M | 193.1M |
| Diluted Shares Outstanding | 209.5M | 208.4M | 205.6M | 203.5M | 203.2M | 202.5M |
| Breakdown | 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 | $2.30B | $1.90B | $1.47B | $1.73B | $1.68B |
| Accounts Receivable | $2.24B | $2.04B | $1.73B | $1.39B | $1.01B |
| Other Current Assets | $668.00M | $403.00M | $280.00M | $223.00M | $191.47M |
| Total Current Assets | $9.19B | $7.78B | $6.65B | $5.22B | $4.52B |
| Property Plant & Equipment | $1.76B | $1.36B | $1.05B | $766.00M | $659.64M |
| Goodwill | $1.27B | $1.23B | $824.00M | $777.00M | $240.76M |
| Intangible Assets | $209.00M | $224.00M | $232.00M | $287.00M | $153.37M |
| Other Non-current Assets | $763.00M | $452.00M | $359.00M | $212.00M | $100.04M |
| Total Assets | $20.38B | $17.39B | $13.30B | $10.80B | $8.72B |
| Accounts Payable | $68.00M | $126.00M | $274.00M | $89.00M | $34.24M |
| Accrued Liabilities | $1.37B | $1.36B | $975.00M | $850.00M | $668.09M |
| Deferred Revenue | $6.82B | $5.79B | $4.66B | $3.84B | $2.96B |
| Total Current Liabilities | $8.36B | $7.37B | $6.00B | $4.95B | $3.74B |
| Other Non-current Liabilities | $145.00M | $118.00M | $56.00M | $51.00M | $35.15M |
| Total Liabilities | $10.77B | $9.76B | $8.27B | $7.10B | $5.88B |
| Common Stock | - | - | - | - | $196.00K |
| Retained Earnings | $3.49B | $2.07B | $338.00M | $-4.00M | $-233.74M |
| Total Stockholders Equity | $9.61B | $7.63B | $5.03B | $3.69B | $2.83B |
| Total Liabilities & Equity | $20.38B | $17.39B | $13.30B | $10.80B | $8.72B |
| Breakdown | TTM (Sep 30, 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 | $1.73B | $1.43B | $1.73B | $325.00M | $230.14M | $118.50M |
| Depreciation & Amortization | $1.17B | $564.00M | $562.00M | $433.00M | $472.00M | $336.38M |
| Stock-based Compensation | $3.35B | $1.75B | $1.60B | $1.40B | $1.13B | $870.45M |
| Change in Receivables | $-1.26B | $254.00M | $300.00M | $340.00M | $401.00M | $151.43M |
| Change in Payables | $321.00M | $-52.00M | $-142.00M | $172.00M | $55.00M | $-33.58M |
| Operating Cash Flow | $8.91B | $4.27B | $3.40B | $2.72B | $2.19B | $1.79B |
| Capital Expenditure | $1.48B | $852.00M | $694.00M | $550.00M | $392.00M | $419.33M |
| Acquisitions | $340.00M | $113.00M | $282.00M | $91.00M | $785.00M | $107.24M |
| Purchases of Investments | $7.26B | $5.03B | $4.63B | $4.04B | $2.48B | $2.93B |
| Investing Cash Flow | $-2.79B | $-2.50B | $-2.17B | $-2.58B | $-1.61B | $-1.51B |
| Stock Repurchased | $2.50B | $696.00M | $538.00M | - | - | - |
| Financing Cash Flow | $-3.41B | $-1.34B | $-803.00M | $-344.00M | $-506.00M | $596.65M |
| Net Change in Cash | $2.73B | $406.00M | $429.00M | $-257.00M | $53.00M | $901.44M |
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 | $3.41B | $2.80B | $9.71B | $8.03B |
| Cost of Revenue | $774.00M | $584.00M | $2.15B | $1.66B |
| Gross Profit | $2.63B | $2.21B | $7.56B | $6.37B |
| Operating Expenses | $2.06B | $1.79B | $6.18B | $5.38B |
| Research & Development | $750.00M | $626.00M | $2.19B | $1.88B |
| Operating Income | $572.00M | $418.00M | $1.38B | $990.00M |
| Interest Expense | - | - | $22.00M | $23.00M |
| Other Income/Expense | $7.00M | $-10.00M | $-7.00M | $-28.00M |
| Income Before Tax | $694.00M | $516.00M | $1.72B | $1.27B |
| Income Tax Expense | $192.00M | $84.00M | $373.00M | $234.00M |
| Net Income | $502.00M | $432.00M | $1.35B | $1.04B |
| Basic EPS | 2.42 | 2.09 | 6.50 | 5.06 |
| Diluted EPS | 2.40 | 2.07 | 6.43 | 5.00 |
| Basic Shares Outstanding | $207.63M | $206.16M | $207.19M | $205.64M |
| Diluted Shares Outstanding | $209.50M | $208.55M | $209.37M | $208.00M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $2.73B | $2.30B |
| Accounts Receivable | $1.55B | $2.24B |
| Other Current Assets | $846.00M | $668.00M |
| Total Current Assets | $8.36B | $9.19B |
| Property Plant & Equipment | $2.13B | $1.76B |
| Goodwill | $1.82B | $1.27B |
| Intangible Assets | $391.00M | $209.00M |
| Other Non-current Assets | $272.00M | $291.00M |
| Total Assets | $21.79B | $20.38B |
| Accounts Payable | $146.00M | $68.00M |
| Accrued Liabilities | $1.27B | $1.37B |
| Deferred Revenue | $6.35B | $6.82B |
| Total Current Liabilities | $7.87B | $8.36B |
| Other Non-current Liabilities | $211.00M | $145.00M |
| Total Liabilities | $10.49B | $10.77B |
| Common Stock | - | - |
| Retained Earnings | $4.84B | $3.49B |
| Total Stockholders Equity | $11.30B | $9.61B |
| Total Liabilities & Equity | $21.79B | $20.38B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $502.00M | $432.00M | $1.35B | $1.04B |
| Depreciation & Amortization | - | - | $526.00M | $410.00M |
| Stock-based Compensation | - | - | $1.46B | $1.29B |
| Change in Receivables | - | - | $-740.00M | $-727.00M |
| Change in Payables | - | - | $48.00M | $42.00M |
| Operating Cash Flow | - | - | $3.21B | $2.63B |
| Capital Expenditure | - | - | $630.00M | $599.00M |
| Acquisitions | - | - | $215.00M | $82.00M |
| Purchases of Investments | - | - | $2.72B | $3.95B |
| Investing Cash Flow | - | - | $-1.19B | $-1.76B |
| Stock Repurchased | - | - | $1.24B | $400.00M |
| Financing Cash Flow | - | - | $-1.60B | $-872.00M |
| Net Change in Cash | - | - | $424.00M | $-11.00M |
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.