$858.67M
Revenue
$18.77M
Net Income
70.44%
Gross Margin
1.50%
Op. Margin
$275.78M
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 | $858.67M | $844.01M | $777.71M | $685.08M | $535.40M | $411.49M |
| Revenue Growth % | 1.7% | 8.5% | 13.5% | 28.0% | 30.1% | nan% |
| Cost of Revenue | $253.79M | $251.03M | $231.74M | $214.35M | $168.95M | $121.52M |
| Gross Profit | $604.88M | $592.97M | $545.97M | $470.73M | $366.46M | $289.97M |
| Gross Margin % | 70.4% | 70.3% | 70.2% | 68.7% | 68.4% | 70.5% |
| Operating Expenses | $591.96M | $557.94M | $626.70M | $582.35M | $486.52M | $364.07M |
| Research & Development | $189.54M | $173.13M | $176.78M | $189.97M | $160.78M | $108.57M |
| Operating Income | $12.92M | $35.03M | $-80.73M | $-111.61M | $-120.06M | $-74.10M |
| Operating Margin % | 1.5% | 4.2% | -10.4% | -16.3% | -22.4% | -18.0% |
| Interest Expense | $10.83M | $6.36M | $64.70M | $10.98M | $14.29M | $24.14M |
| Interest Income | $22.99M | $21.06M | $10.18M | $1.81M | $365.00K | $1.45M |
| Other Income/Expense | $1.23M | $-3.68M | $-14.52M | $-1.52M | $-1.92M | $-81.00K |
| Income Before Tax | $26.49M | $41.45M | $-149.78M | $-122.31M | $-135.91M | $-96.86M |
| Income Tax Expense | $7.72M | $15.93M | $-518.00K | $2.41M | $10.42M | $1.99M |
| Net Income | $18.77M | $25.53M | $-149.26M | $-124.72M | $-146.33M | $-98.85M |
| Net Margin % | 2.2% | 3.0% | -19.2% | -18.2% | -27.3% | -24.0% |
| Basic EPS | 0.29 | 0.41 | -2.46 | -2.13 | -2.65 | -1.94 |
| Diluted EPS | 0.35 | 0.40 | -2.46 | -2.13 | -2.65 | -1.94 |
| Basic Shares Outstanding | 65.0M | 62.6M | 60.8M | 58.6M | 55.3M | 51.0M |
| Diluted Shares Outstanding | 65.2M | 63.2M | 60.8M | 58.6M | 55.3M | 51.0M |
| 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 | $334.69M | $213.63M | $207.29M | $164.58M | $173.62M |
| Short-term Investments | $187.03M | $169.54M | $84.16M | $58.85M | $138.84M |
| Accounts Receivable | $168.24M | $164.86M | $152.04M | $146.09M | $111.60M |
| Other Current Assets | $44.02M | $41.41M | $31.91M | $33.24M | $27.84M |
| Total Current Assets | $786.11M | $634.45M | $510.31M | $432.74M | $473.44M |
| Property Plant & Equipment | $32.24M | $39.64M | $57.89M | $50.23M | $53.11M |
| Goodwill | $575.27M | $536.35M | $515.63M | $515.26M | $213.60M |
| Intangible Assets | $85.72M | $94.55M | $101.27M | $111.59M | $44.30M |
| Long-term Investments | $37.27M | $56.17M | $9.76M | $34.07M | $10.12M |
| Other Non-current Assets | $12.87M | $12.89M | $16.63M | - | - |
| Total Assets | $1.65B | $1.51B | $1.36B | $1.30B | $913.12M |
| Accounts Payable | $18.91M | $15.81M | $10.26M | $3.52M | $3.86M |
| Accrued Liabilities | $88.80M | $84.49M | $80.31M | $82.62M | $61.68M |
| Deferred Revenue | $461.12M | $455.50M | $426.60M | $372.07M | $278.58M |
| Other Current Liabilities | - | $536.00K | $1.66M | $842.00K | - |
| Total Current Liabilities | $630.22M | $569.79M | $531.27M | $468.68M | $353.73M |
| Other Non-current Liabilities | $20.24M | $10.03M | $14.86M | $17.34M | $2.16M |
| Total Liabilities | $1.63B | $1.62B | $1.48B | $1.42B | $841.59M |
| Common Stock | $635.00K | $617.00K | $597.00K | $577.00K | $522.00K |
| Retained Earnings | $-988.03M | $-1.01B | $-860.75M | $-736.03M | $-617.28M |
| Treasury Stock | - | - | - | $4.76M | $4.76M |
| Total Stockholders Equity | $17.71M | $-118.18M | $-120.07M | $-126.00M | $71.54M |
| Total Liabilities & Equity | $1.65B | $1.51B | $1.36B | $1.30B | $913.12M |
| 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 | $20.88M | $25.53M | $-149.26M | $-124.72M | $-146.33M | $-98.85M |
| Depreciation & Amortization | $80.41M | $44.89M | $45.94M | $41.04M | $33.50M | $22.63M |
| Stock-based Compensation | $194.01M | $107.96M | $108.08M | $119.90M | $102.58M | $63.89M |
| Change in Receivables | $-43.16M | $5.48M | $14.02M | $9.05M | $25.48M | $24.38M |
| Change in Payables | $-93.00K | $2.78M | $5.45M | $7.98M | $-2.08M | $-2.39M |
| Operating Cash Flow | $287.08M | $171.67M | $104.28M | $78.20M | $53.92M | $4.89M |
| Capital Expenditure | $11.30M | $3.42M | $4.37M | $20.38M | $9.01M | $13.80M |
| Acquisitions | - | $37.30M | $34.84M | - | $358.42M | $125.83M |
| Purchases of Investments | $879.51M | $242.49M | $276.83M | $122.77M | $93.09M | $177.05M |
| Investing Cash Flow | $-438.96M | $-46.52M | $-178.75M | $-39.99M | $-325.38M | $-156.29M |
| Stock Issued | - | - | - | - | - | - |
| Financing Cash Flow | $-79.70M | $5.58M | $79.60M | $7.42M | $264.13M | $200.93M |
| Net Change in Cash | $-223.66M | $127.97M | $6.32M | $42.79M | $-8.60M | $50.20M |
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 | $217.96M | $214.65M | $642.41M | $627.75M |
| Cost of Revenue | $64.98M | $63.16M | $187.52M | $185.14M |
| Gross Profit | $152.98M | $151.50M | $454.88M | $442.60M |
| Operating Expenses | $147.07M | $138.68M | $445.59M | $414.85M |
| Research & Development | $46.91M | $44.98M | $142.03M | $126.79M |
| Operating Income | $5.90M | $12.82M | $9.30M | $27.76M |
| Interest Expense | $2.58M | $2.84M | $5.77M | $5.84M |
| Interest Income | $6.17M | $5.57M | $17.44M | $15.51M |
| Other Income/Expense | $-173.00K | $2.81M | $5.59M | $681.00K |
| Income Before Tax | $9.31M | $18.36M | $24.45M | $35.77M |
| Income Tax Expense | $-497.00K | $2.95M | $4.20M | $12.41M |
| Net Income | $9.81M | $15.41M | $20.25M | $23.35M |
| Basic EPS | 0.15 | 0.24 | 0.31 | 0.37 |
| Diluted EPS | 0.15 | 0.21 | 0.31 | 0.31 |
| Basic Shares Outstanding | $64.97M | $62.90M | $64.40M | $62.39M |
| Diluted Shares Outstanding | $65.18M | $74.54M | $64.69M | $74.23M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $130.61M | $334.69M |
| Short-term Investments | $276.51M | $187.03M |
| Accounts Receivable | $141.34M | $168.24M |
| Other Current Assets | $39.00M | $44.02M |
| Total Current Assets | $635.02M | $786.11M |
| Property Plant & Equipment | $31.97M | $32.24M |
| Goodwill | $575.27M | $575.27M |
| Intangible Assets | $69.88M | $85.72M |
| Long-term Investments | $227.42M | $37.27M |
| Other Non-current Assets | $15.21M | $12.87M |
| Total Assets | $1.67B | $1.65B |
| Accounts Payable | $15.57M | $18.91M |
| Accrued Liabilities | $80.54M | $88.80M |
| Deferred Revenue | $422.94M | $461.12M |
| Total Current Liabilities | $535.01M | $630.22M |
| Other Non-current Liabilities | $21.01M | $20.24M |
| Total Liabilities | $1.54B | $1.63B |
| Common Stock | $652.00K | $635.00K |
| Retained Earnings | $-967.78M | $-988.03M |
| Total Stockholders Equity | $127.22M | $17.71M |
| Total Liabilities & Equity | $1.67B | $1.65B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $9.81M | $15.41M | $20.25M | $23.35M |
| Depreciation & Amortization | - | - | $34.25M | $33.46M |
| Stock-based Compensation | - | - | $81.06M | $80.55M |
| Change in Receivables | - | - | $-25.91M | $-22.43M |
| Change in Payables | - | - | $-3.81M | $-10.45M |
| Operating Cash Flow | - | - | $116.25M | $107.90M |
| Capital Expenditure | - | - | $6.45M | $2.24M |
| Acquisitions | - | - | - | $37.20M |
| Purchases of Investments | - | - | $503.04M | $242.49M |
| Investing Cash Flow | - | - | $-292.18M | $-99.49M |
| Financing Cash Flow | - | - | $-40.83M | $6.80M |
| Net Change in Cash | - | - | $-211.49M | $15.98M |
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.