$787.78M
Revenue
$115.42M
Net Income
77.82%
Gross Margin
16.41%
Op. Margin
$381.59M
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) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $787.78M | $787.78M | $769.33M | $689.14M | $618.32M | $502.80M | $373.63M | $300.56M | $253.35M |
| Revenue Growth % | 0.0% | 2.4% | 11.6% | 11.5% | 23.0% | 34.6% | 24.3% | 18.6% | nan% |
| Cost of Revenue | $174.75M | $174.75M | $174.09M | $170.45M | $160.40M | $135.51M | $104.27M | $88.14M | $81.46M |
| Gross Profit | $613.03M | $613.03M | $595.23M | $518.69M | $457.92M | $367.29M | $269.36M | $212.42M | $171.90M |
| Gross Margin % | 77.8% | 77.8% | 77.4% | 75.3% | 74.1% | 73.0% | 72.1% | 70.7% | 67.8% |
| Operating Expenses | $483.73M | $483.73M | $530.02M | $529.95M | $550.54M | $421.51M | $291.77M | $231.15M | $183.61M |
| Research & Development | $185.54M | $185.54M | $209.28M | $177.36M | $154.55M | $119.08M | $83.47M | $64.03M | $55.49M |
| Operating Income | $129.31M | $129.31M | $65.21M | $-11.26M | $-92.62M | $-54.22M | $-22.41M | $-18.73M | $-11.71M |
| Operating Margin % | 16.4% | 16.4% | 8.5% | -1.6% | -15.0% | -10.8% | -6.0% | -6.2% | -4.6% |
| Interest Expense | $2.13M | $1.23M | $920.00K | $1.32M | $4.48M | $2.18M | $778.00K | $1.31M | $2.04M |
| Interest Income | - | $27.40M | $28.00M | $24.40M | - | - | - | - | - |
| Other Income/Expense | $23.87M | $23.87M | $25.22M | $60.14M | $7.76M | $279.00K | $469.00K | $3.41M | $-6.14M |
| Income Before Tax | $153.18M | $153.18M | $90.43M | $48.88M | $-89.35M | $-56.12M | $-22.72M | $-16.63M | $-19.89M |
| Income Tax Expense | $37.75M | $37.75M | $-125.16M | $1.99M | $536.00K | $122.00K | $150.00K | $28.00K | $15.00K |
| Net Income | $115.42M | $115.42M | $215.59M | $46.89M | $-89.89M | $-56.24M | $-22.87M | $-16.66M | $-19.91M |
| Net Margin % | 14.7% | 14.7% | 28.0% | 6.8% | -14.5% | -11.2% | -6.1% | -5.5% | -7.9% |
| Basic EPS | 0.87 | 0.87 | 1.61 | 0.35 | -0.69 | -0.44 | -0.19 | -0.15 | nan |
| Diluted EPS | 0.84 | 0.84 | 1.52 | 0.06 | -0.69 | -0.44 | -0.19 | -0.15 | nan |
| Basic Shares Outstanding | - | 132.5M | 133.6M | 134.8M | 130.5M | 127.2M | 118.7M | 109.8M | - |
| Diluted Shares Outstanding | - | 140.7M | 143.2M | 137.3M | 130.5M | 127.2M | 118.7M | 109.8M | - |
| 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) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $294.36M | $305.76M | $79.64M | $129.38M | $187.21M | $94.08M | $48.39M | $129.13M |
| Short-term Investments | $378.43M | $316.34M | $470.46M | $557.23M | $497.57M | $75.57M | $85.48M | - |
| Accounts Receivable | $76.24M | $75.49M | $103.06M | $64.89M | $66.83M | $47.02M | $30.16M | $22.32M |
| Other Current Assets | $21.06M | $17.73M | $17.82M | $17.95M | $17.24M | $9.09M | $7.88M | $6.25M |
| Total Current Assets | $950.83M | $911.05M | $883.37M | $930.91M | $929.65M | $360.80M | $280.63M | $255.88M |
| Property Plant & Equipment | $44.42M | $30.06M | $27.14M | $22.06M | $21.33M | $28.14M | $21.45M | $10.81M |
| Goodwill | $149.19M | $121.06M | $118.22M | $118.22M | $118.22M | $118.22M | $118.22M | $118.22M |
| Intangible Assets | $37.16M | $12.99M | $3.05M | - | - | $667.00K | $3.33M | $6.00M |
| Other Non-current Assets | $1.47M | $1.92M | $1.43M | $1.45M | $1.18M | $1.67M | $829.00K | $653.00K |
| Total Assets | $1.30B | $1.21B | $1.04B | $1.08B | $1.08B | $529.23M | $446.38M | $391.57M |
| Accounts Payable | $7.86M | $6.13M | $5.06M | $7.55M | $5.00M | $6.46M | $652.00K | $2.07M |
| Deferred Revenue | $7.76M | $7.27M | $17.36M | $25.07M | $22.08M | $16.80M | $13.80M | $722.00K |
| Total Current Liabilities | $650.17M | $268.43M | $293.00M | $247.69M | $233.63M | $198.75M | $149.10M | $127.60M |
| Long-term Debt | $359.77M | $357.93M | $356.09M | $564.26M | $561.30M | $3.14M | $10.70M | $18.24M |
| Other Non-current Liabilities | $9.39M | $308.00K | $1.29M | $8.24M | $9.86M | $7.52M | $5.97M | $1.99M |
| Total Liabilities | $669.26M | $636.24M | $656.47M | $831.37M | $821.54M | $229.92M | $186.96M | $147.83M |
| Common Stock | $13.00K | $14.00K | $14.00K | $13.00K | $13.00K | $12.00K | $11.00K | $11.00K |
| Retained Earnings | $36.95M | $-78.48M | $-294.06M | $-340.95M | $-251.06M | $-194.82M | $-171.96M | $-143.50M |
| Total Stockholders Equity | $630.32M | $575.38M | $381.07M | $248.88M | $259.52M | $299.31M | $259.42M | $243.75M |
| Total Liabilities & Equity | $1.30B | $1.21B | $1.04B | $1.08B | $1.08B | $529.23M | $446.38M | $391.57M |
| 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) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
|---|---|---|---|---|---|---|---|---|---|
| Net Income | $153.16M | $115.42M | $215.59M | $46.89M | $-89.89M | $-56.24M | $-22.87M | $-16.66M | $-19.91M |
| Depreciation & Amortization | $41.31M | $25.71M | $14.81M | $9.45M | $8.06M | - | - | - | - |
| Stock-based Compensation | $105.91M | $65.39M | $68.39M | $74.19M | $75.50M | $53.59M | $25.51M | $18.80M | $10.36M |
| Deferred Income Tax | - | $18.49M | $-129.26M | - | - | - | - | - | - |
| Change in Receivables | $6.46M | $3.28M | $4.80M | $47.66M | $20.23M | $24.61M | $20.00M | $10.92M | $-3.51M |
| Change in Payables | $-8.22M | $-1.16M | $969.00K | $-2.51M | $2.58M | $-1.45M | $5.82M | $-1.46M | $1.61M |
| Operating Cash Flow | $394.70M | $248.26M | $153.56M | $27.22M | $6.56M | $10.84M | $22.36M | $1.06M | $13.74M |
| Capital Expenditure | $13.12M | $5.79M | $3.53M | $692.00K | $1.25M | $1.03M | $6.32M | $10.75M | $3.00M |
| Acquisitions | - | $58.41M | $14.33M | - | - | - | - | - | - |
| Purchases of Investments | - | - | - | - | $581.89M | $525.34M | $107.28M | $168.79M | - |
| Sales of Investments | $704.23M | $420.44M | $486.89M | $648.80M | $521.15M | $102.50M | - | - | - |
| Investing Cash Flow | $-198.84M | $-136.94M | $137.57M | $88.27M | $-69.47M | $-428.98M | $-4.15M | $-100.92M | $-7.29M |
| Debt Repayment | - | - | - | - | - | $10.75M | $25.62M | $55.68M | $25.00M |
| Stock Repurchased | $239.94M | $135.96M | $100.00M | - | - | - | - | - | - |
| Financing Cash Flow | $-202.65M | $-138.00M | $-81.96M | $-114.30M | $6.08M | $537.74M | $54.64M | $29.40M | $101.07M |
| Net Change in Cash | $-6.78M | $-26.68M | $209.18M | $1.19M | $-56.83M | $119.59M | $72.86M | $-70.46M | $107.53M |
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 | $201.73M | $193.78M | $589.38M | $577.84M |
| Cost of Revenue | $45.84M | $43.41M | $131.08M | $131.45M |
| Gross Profit | $155.89M | $150.37M | $458.29M | $446.39M |
| Operating Expenses | $126.13M | $129.57M | $357.28M | $394.77M |
| Research & Development | $47.49M | $50.41M | $138.49M | $155.79M |
| Operating Income | $29.76M | $20.79M | $101.01M | $51.62M |
| Interest Expense | - | - | $899.00K | $920.00K |
| Other Income/Expense | $5.92M | $8.09M | $18.11M | $20.43M |
| Income Before Tax | $35.67M | $28.88M | $119.12M | $72.06M |
| Income Tax Expense | $6.34M | $1.13M | $19.33M | $3.64M |
| Net Income | $29.34M | $27.76M | $99.79M | $68.42M |
| Basic EPS | 0.22 | 0.21 | 0.75 | 0.51 |
| Diluted EPS | 0.21 | 0.20 | 0.72 | 0.50 |
| Basic Shares Outstanding | $131.99M | $132.60M | $133.11M | $133.40M |
| Diluted Shares Outstanding | $139.67M | $139.29M | $140.91M | $140.55M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $260.84M | $305.76M |
| Short-term Investments | $382.26M | $316.34M |
| Accounts Receivable | $76.43M | $75.49M |
| Other Current Assets | $18.05M | $17.73M |
| Total Current Assets | $948.95M | $911.05M |
| Property Plant & Equipment | $40.37M | $30.06M |
| Goodwill | $150.47M | $121.06M |
| Intangible Assets | $39.66M | $12.99M |
| Other Non-current Assets | $1.50M | $1.92M |
| Total Assets | $1.31B | $1.21B |
| Accounts Payable | $8.51M | $6.13M |
| Deferred Revenue | $7.94M | $7.27M |
| Total Current Liabilities | $660.48M | $268.43M |
| Long-term Debt | - | $357.93M |
| Other Non-current Liabilities | $12.48M | $308.00K |
| Total Liabilities | $683.08M | $636.24M |
| Common Stock | $13.00K | $14.00K |
| Retained Earnings | $21.32M | $-78.48M |
| Total Stockholders Equity | $628.13M | $575.38M |
| Total Liabilities & Equity | $1.31B | $1.21B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $29.34M | $27.76M | $99.79M | $68.42M |
| Depreciation & Amortization | - | - | $18.69M | $10.44M |
| Stock-based Compensation | - | - | $48.04M | $54.76M |
| Deferred Income Tax | - | - | $-399.00K | - |
| Change in Receivables | - | - | $1.65M | $236.00K |
| Change in Payables | - | - | $-504.00K | $541.00K |
| Operating Cash Flow | - | - | $184.56M | $114.98M |
| Capital Expenditure | - | - | $5.33M | $1.98M |
| Acquisitions | - | - | $59.85M | - |
| Sales of Investments | - | - | $302.73M | $365.27M |
| Investing Cash Flow | - | - | $-138.17M | $158.61M |
| Stock Repurchased | - | - | $101.92M | $100.00M |
| Financing Cash Flow | - | - | $-75.97M | $-63.14M |
| Net Change in Cash | - | - | $-29.58M | $210.45M |
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.