$974.60M
Revenue
$-33.51M
Net Income
77.93%
Gross Margin
-0.52%
Op. Margin
$450.57M
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 | $974.60M | $900.02M | $798.71M | $683.19M | $541.13M | $440.22M |
| Revenue Growth % | 8.3% | 12.7% | 16.9% | 26.3% | 22.9% | nan% |
| Cost of Revenue | $215.09M | $199.67M | $183.58M | $154.79M | $106.40M | $77.55M |
| Gross Profit | $759.52M | $700.35M | $615.13M | $528.40M | $434.73M | $362.67M |
| Gross Margin % | 77.9% | 77.8% | 77.0% | 77.3% | 80.3% | 82.4% |
| Operating Expenses | $764.57M | $707.21M | $667.29M | $596.22M | $476.50M | $399.10M |
| Research & Development | $213.45M | $181.62M | $153.16M | $143.56M | $116.43M | $101.69M |
| Operating Income | $-5.05M | $-6.86M | $-52.16M | $-67.81M | $-41.77M | $-36.43M |
| Operating Margin % | -0.5% | -0.8% | -6.5% | -9.9% | -7.7% | -8.3% |
| Interest Expense | $47.77M | $30.98M | $31.34M | $19.00M | $7.50M | $496.00K |
| Other Income/Expense | $-2.78M | $-3.44M | $-8.60M | $-4.76M | $-1.97M | $-1.89M |
| Income Tax Expense | $15.07M | $17.41M | $10.88M | $6.93M | $-3.95M | $5.66M |
| Net Income | $-33.51M | $-36.30M | $-78.28M | $-92.22M | $-46.68M | $-42.73M |
| Net Margin % | -3.4% | -4.0% | -9.8% | -13.5% | -8.6% | -9.7% |
| Basic EPS | -0.28 | -0.31 | -0.68 | -0.83 | -0.44 | -0.42 |
| Diluted EPS | -0.28 | -0.31 | -0.68 | -0.83 | -0.44 | -0.42 |
| Basic Shares Outstanding | 120.5M | 118.8M | 115.4M | 111.3M | 106.4M | 101.0M |
| Diluted Shares Outstanding | 122.0M | 118.8M | 115.4M | 111.3M | 106.4M | 101.0M |
| 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 | $328.65M | $237.13M | $300.87M | $278.00M | $178.22M |
| Short-term Investments | $248.55M | $236.84M | $266.57M | $234.29M | $113.62M |
| Accounts Receivable | $258.73M | $220.06M | $187.34M | $136.60M | $115.34M |
| Other Current Assets | $53.03M | $61.88M | $58.12M | $60.23M | $44.46M |
| Total Current Assets | $940.75M | $805.47M | $857.17M | $749.44M | $483.79M |
| Property Plant & Equipment | - | - | - | $36.83M | $38.92M |
| Goodwill | $541.29M | $518.54M | $316.52M | $261.61M | $54.41M |
| Intangible Assets | $94.46M | $107.02M | $75.38M | $71.54M | $13.19M |
| Other Non-current Assets | $13.30M | $23.18M | $38.01M | $31.23M | $14.11M |
| Total Assets | $1.74B | $1.61B | $1.44B | $1.25B | $690.59M |
| Deferred Revenue | $650.37M | $580.78M | $502.12M | $407.50M | $328.82M |
| Other Current Liabilities | $5.15M | $5.66M | $4.88M | $3.76M | $1.03M |
| Total Current Liabilities | $738.09M | $675.84M | $584.16M | $483.88M | $374.90M |
| Other Non-current Liabilities | $8.33M | $7.63M | $7.44M | $6.46M | $4.80M |
| Total Liabilities | $1.34B | $1.26B | $1.17B | $1.03B | $539.92M |
| Common Stock | $1.22M | $1.18M | $1.13M | $1.09M | $1.04M |
| Retained Earnings | $-861.34M | $-825.03M | $-746.75M | $-654.53M | $-607.85M |
| Total Stockholders Equity | $399.95M | $346.34M | $270.87M | $215.31M | $150.66M |
| Total Liabilities & Equity | $1.74B | $1.61B | $1.44B | $1.25B | $690.59M |
| 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 | $-56.45M | $-36.30M | $-78.28M | $-92.22M | $-46.68M | $-42.73M |
| Depreciation & Amortization | $71.13M | $33.21M | $27.11M | $22.19M | $16.17M | $10.63M |
| Stock-based Compensation | $346.36M | $163.51M | $145.33M | $120.63M | $79.41M | $59.57M |
| Deferred Income Tax | - | - | - | - | $-10.47M | $161.00K |
| Change in Receivables | $-166.83M | $38.73M | $30.04M | $51.26M | $17.23M | $20.01M |
| Operating Cash Flow | $482.12M | $217.48M | $149.85M | $131.15M | $96.77M | $64.23M |
| Capital Expenditure | $31.55M | $4.25M | $1.70M | $9.36M | $6.56M | $20.28M |
| Acquisitions | $540.87M | $29.16M | $243.30M | $66.77M | $258.46M | $276.00K |
| Purchases of Investments | - | - | - | - | - | $184.52M |
| Investing Cash Flow | $-485.51M | $-41.43M | $-212.62M | $-128.04M | $-391.59M | $4.08M |
| Debt Repayment | $6.56M | $3.75M | $3.75M | $3.75M | - | - |
| Stock Repurchased | $419.95M | $99.98M | $14.93M | - | - | - |
| Financing Cash Flow | $-386.06M | $-79.40M | $1.25M | $23.32M | $397.65M | $36.40M |
| Net Change in Cash | $-389.18M | $91.52M | $-63.73M | $22.59M | $99.81M | $103.80M |
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 | $252.44M | $227.09M | $738.87M | $664.29M |
| Cost of Revenue | $56.75M | $50.50M | $163.65M | $148.23M |
| Gross Profit | $195.69M | $176.59M | $575.23M | $516.06M |
| Operating Expenses | $188.55M | $178.67M | $593.25M | $535.89M |
| Research & Development | $56.27M | $48.02M | $168.72M | $136.90M |
| Operating Income | $7.14M | $-2.08M | $-18.02M | $-19.83M |
| Interest Expense | $7.21M | $8.15M | $20.29M | $23.50M |
| Other Income/Expense | $-703.00K | $359.00K | $-204.00K | $-858.00K |
| Income Tax Expense | $550.00K | $5.33M | $8.39M | $10.73M |
| Net Income | $2.26M | $-9.21M | $-35.38M | $-38.17M |
| Basic EPS | 0.02 | -0.08 | -0.29 | -0.32 |
| Diluted EPS | 0.02 | -0.08 | -0.29 | -0.32 |
| Basic Shares Outstanding | $120.48M | $119.17M | $120.52M | $118.47M |
| Diluted Shares Outstanding | $121.95M | $119.17M | $120.52M | $118.47M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $171.85M | $328.65M |
| Short-term Investments | $211.72M | $248.55M |
| Accounts Receivable | $200.99M | $258.73M |
| Other Current Assets | $44.19M | $53.03M |
| Total Current Assets | $679.33M | $940.75M |
| Goodwill | $697.89M | $541.29M |
| Intangible Assets | $122.08M | $94.46M |
| Other Non-current Assets | $12.85M | $13.30M |
| Total Assets | $1.65B | $1.74B |
| Deferred Revenue | $639.61M | $650.37M |
| Other Current Liabilities | $3.85M | $5.15M |
| Total Current Liabilities | $720.31M | $738.09M |
| Other Non-current Liabilities | $10.17M | $8.33M |
| Total Liabilities | $1.31B | $1.34B |
| Common Stock | $1.28M | $1.22M |
| Retained Earnings | $-896.72M | $-861.34M |
| Total Stockholders Equity | $344.38M | $399.95M |
| Total Liabilities & Equity | $1.65B | $1.74B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $2.26M | $-9.21M | $-35.38M | $-38.17M |
| Depreciation & Amortization | - | - | $31.82M | $24.43M |
| Stock-based Compensation | - | - | $147.31M | $122.80M |
| Change in Receivables | - | - | $-59.73M | $-26.91M |
| Operating Cash Flow | - | - | $183.72M | $136.36M |
| Capital Expenditure | - | - | $11.77M | $1.92M |
| Acquisitions | - | - | $196.18M | $29.16M |
| Investing Cash Flow | - | - | $-170.29M | $-27.10M |
| Debt Repayment | - | - | $2.81M | $2.81M |
| Stock Repurchased | - | - | $184.97M | $49.99M |
| Financing Cash Flow | - | - | $-171.21M | $-31.74M |
| Net Change in Cash | - | - | $-156.79M | $75.08M |
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.