$1.65B
Revenue
$118.00M
Net Income
58.99%
Gross Margin
11.51%
Op. Margin
$337.00M
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) |
FY 2019 (Dec 31, 2019) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.65B | $1.75B | $1.83B | $1.79B | $1.92B | $1.84B | $1.90B | $2.16B | $2.32B | $2.53B | $2.73B |
| Revenue Growth % | -5.7% | -4.5% | 2.1% | -6.4% | 4.4% | -3.3% | -11.9% | -7.1% | -8.2% | -7.4% | nan% |
| Cost of Revenue | $677.00M | $692.00M | $718.00M | $714.00M | $731.00M | $817.00M | $944.00M | $1.13B | $352.00M | $440.00M | $443.00M |
| Gross Profit | $974.00M | $1.06B | $1.11B | $1.08B | $1.19B | $1.02B | $955.00M | $1.02B | - | - | - |
| Gross Margin % | 59.0% | 60.5% | 60.8% | 60.2% | 61.9% | 55.5% | 50.3% | 47.5% | nan% | nan% | nan% |
| Operating Expenses | $784.00M | $849.00M | $929.00M | $963.00M | $955.00M | $1.00B | $945.00M | $2.09B | $2.09B | $2.73B | $2.23B |
| Research & Development | $275.00M | $284.00M | $294.00M | $313.00M | $309.00M | $334.00M | $327.00M | $306.00M | $212.00M | $228.00M | $206.00M |
| Selling General & Admin | $509.00M | $565.00M | $635.00M | $650.00M | $646.00M | $669.00M | $618.00M | $652.00M | $664.00M | $765.00M | $770.00M |
| Operating Income | $190.00M | $209.00M | $186.00M | $118.00M | $231.00M | $16.00M | $10.00M | $64.00M | $232.00M | $-195.00M | $503.00M |
| Operating Margin % | 11.5% | 11.9% | 10.1% | 6.6% | 12.1% | 0.9% | 0.5% | 3.0% | 10.0% | -7.7% | 18.4% |
| Interest Expense | $27.00M | $29.00M | $30.00M | $24.00M | $26.00M | $27.00M | $26.00M | $15.00M | $12.00M | $9.00M | $3.00M |
| Other Income/Expense | $-17.00M | $-27.00M | $-64.00M | $-51.00M | $-39.00M | $-40.00M | $-23.00M | $9.00M | $1.00M | $60.00M | $-6.00M |
| Income Before Tax | $155.00M | $164.00M | $117.00M | $67.00M | $192.00M | - | - | $58.00M | $221.00M | $-144.00M | $494.00M |
| Income Tax Expense | $37.00M | $50.00M | $55.00M | $34.00M | $45.00M | $-153.00M | $7.00M | $125.00M | $96.00M | $70.00M | $127.00M |
| Net Income | $118.00M | $114.00M | $62.00M | $33.00M | $147.00M | $129.00M | $-20.00M | $-67.00M | $125.00M | $-214.00M | $367.00M |
| Net Margin % | 7.1% | 6.5% | 3.4% | 1.8% | 7.7% | 7.0% | -1.1% | -3.1% | 5.4% | -8.5% | 13.4% |
| Basic EPS | 1.23 | 1.18 | 0.62 | 0.32 | 1.35 | 1.18 | -0.18 | -0.53 | 0.96 | -1.53 | 2.36 |
| Diluted EPS | 1.21 | 1.16 | 0.61 | 0.31 | 1.30 | 1.16 | -0.18 | -0.53 | 0.95 | -1.53 | 2.33 |
| Basic Shares Outstanding | 94.2M | 96.4M | 99.8M | 103.2M | 108.6M | 109.3M | 114.2M | 125.8M | 129.7M | 139.6M | 155.3M |
| Diluted Shares Outstanding | 95.5M | 98.2M | 102.4M | 105.8M | 112.9M | 111.6M | 114.2M | 125.8M | 131.5M | 139.6M | 157.8M |
| 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) |
FY 2019 (Dec 31, 2019) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $420.00M | $486.00M | $569.00M | $592.00M | $529.00M | $494.00M | $1.09B | $974.00M | $839.00M | $834.00M |
| Accounts Receivable | $234.00M | $286.00M | $364.00M | $336.00M | $331.00M | $398.00M | $554.00M | $548.00M | $580.00M | $619.00M |
| Inventory | $18.00M | $13.00M | $8.00M | $26.00M | $29.00M | $31.00M | $30.00M | $34.00M | $49.00M | $38.00M |
| Other Current Assets | $77.00M | $84.00M | $87.00M | $152.00M | $155.00M | $91.00M | $77.00M | $65.00M | $52.00M | $81.00M |
| Total Current Assets | $749.00M | $869.00M | $1.03B | $1.11B | $1.04B | $1.01B | $1.75B | $1.62B | $1.73B | $1.57B |
| Property Plant & Equipment | - | - | - | - | - | - | $162.00M | $138.00M | $143.00M | $159.00M |
| Goodwill | $394.00M | $398.00M | $390.00M | $396.00M | $401.00M | $396.00M | $399.00M | $390.00M | $380.00M | $948.00M |
| Intangible Assets | $46.00M | $68.00M | $92.00M | - | - | - | - | - | - | - |
| Other Non-current Assets | $96.00M | $69.00M | $42.00M | $40.00M | $51.00M | $32.00M | $44.00M | $17.00M | $20.00M | $98.00M |
| Total Assets | $1.70B | $1.87B | $2.02B | $2.17B | $2.19B | $2.06B | $2.56B | $2.41B | $2.53B | $3.13B |
| Accounts Payable | $106.00M | $100.00M | $94.00M | $67.00M | $50.00M | $66.00M | $74.00M | $103.00M | $96.00M | $126.00M |
| Short-term Debt | - | - | - | - | - | - | $240.00M | - | $180.00M | $220.00M |
| Deferred Revenue | $512.00M | $570.00M | $589.00M | $552.00M | $499.00M | $472.00M | $414.00M | $369.00M | $367.00M | $370.00M |
| Other Current Liabilities | $115.00M | $105.00M | $112.00M | $89.00M | $99.00M | $91.00M | $102.00M | $88.00M | $102.00M | $101.00M |
| Total Current Liabilities | $930.00M | $996.00M | $1.01B | $1.03B | $952.00M | $886.00M | $1.06B | $729.00M | $953.00M | $995.00M |
| Long-term Debt | $455.00M | $480.00M | $498.00M | $324.00M | $411.00M | $454.00M | $478.00M | $538.00M | $570.00M | $195.00M |
| Deferred Tax Liabilities | $9.00M | $8.00M | $7.00M | $7.00M | $6.00M | $6.00M | - | - | - | - |
| Other Non-current Liabilities | $28.00M | $61.00M | $79.00M | $109.00M | $136.00M | $138.00M | $149.00M | $32.00M | $26.00M | $32.00M |
| Total Liabilities | $1.57B | $1.74B | $1.76B | $1.71B | $1.79B | $1.79B | $1.89B | $1.44B | $1.68B | $1.43B |
| Common Stock | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M |
| Retained Earnings | $-1.91B | $-1.81B | $-1.56B | $-1.21B | $-1.11B | $-1.14B | $-579.00M | $-161.00M | $-204.00M | $656.00M |
| Treasury Stock | - | - | - | - | - | - | - | - | - | - |
| Total Stockholders Equity | $133.00M | $135.00M | $258.00M | $460.00M | $400.00M | $262.00M | $668.00M | $971.00M | $849.00M | $1.71B |
| Total Liabilities & Equity | $1.70B | $1.87B | $2.02B | $2.17B | $2.19B | $2.06B | $2.56B | $2.41B | $2.53B | $3.13B |
| 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) |
FY 2019 (Dec 31, 2019) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $162.00M | $114.00M | $62.00M | $33.00M | $147.00M | $129.00M | $-20.00M | $-67.00M | $125.00M | $-214.00M | $367.00M |
| Depreciation & Amortization | $152.00M | $100.00M | $116.00M | $134.00M | $149.00M | $172.00M | $150.00M | $138.00M | $128.00M | $170.00M | $169.00M |
| Stock-based Compensation | $184.00M | $119.00M | $126.00M | $126.00M | $112.00M | $101.00M | $83.00M | $68.00M | $62.00M | $56.00M | $50.00M |
| Deferred Income Tax | $22.00M | $-11.00M | $-11.00M | $-26.00M | $14.00M | $-118.00M | $-3.00M | $-34.00M | $-3.00M | $-39.00M | $-2.00M |
| Change in Receivables | $194.00M | $-52.00M | $-78.00M | $28.00M | $5.00M | $-67.00M | $-190.00M | $6.00M | $-40.00M | $-1.00M | $-101.00M |
| Change in Inventory | $-29.00M | $5.00M | $5.00M | $-18.00M | $-3.00M | $-2.00M | $3.00M | $-3.00M | $-14.00M | $11.00M | $-18.00M |
| Operating Cash Flow | $360.00M | $303.00M | $375.00M | $419.00M | $463.00M | $267.00M | $148.00M | $324.00M | $446.00M | $401.00M | $680.00M |
| Capital Expenditure | $23.00M | $24.00M | $19.00M | $14.00M | $28.00M | $44.00M | $54.00M | $78.00M | $53.00M | $52.00M | $54.00M |
| Investing Cash Flow | $-28.00M | $-32.00M | $-49.00M | $-18.00M | $-31.00M | $-51.00M | $-59.00M | $-108.00M | $-35.00M | $-52.00M | $-198.00M |
| Debt Repayment | $43.00M | $19.00M | - | $413.00M | $44.00M | $25.00M | $19.00M | $30.00M | $30.00M | $247.00M | $26.00M |
| Stock Repurchased | $247.00M | $215.00M | $308.00M | $387.00M | $244.00M | $100.00M | $300.00M | $351.00M | $82.00M | $657.00M | $551.00M |
| Financing Cash Flow | $-408.00M | $-306.00M | $-383.00M | $-381.00M | $-356.00M | $-186.00M | $-308.00M | $-109.00M | $-262.00M | $-324.00M | $-326.00M |
| Net Change in Cash | $-44.00M | $-65.00M | $-85.00M | $-24.00M | $62.00M | $37.00M | $-220.00M | $115.00M | $135.00M | $5.00M | $139.00M |
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 | $416.00M | - | $1.24B | - |
| Cost of Revenue | $163.00M | - | $511.00M | - |
| Gross Profit | $253.00M | - | $731.00M | - |
| Operating Expenses | $192.00M | - | $580.00M | - |
| Research & Development | $70.00M | - | $207.00M | - |
| Selling General & Admin | $122.00M | - | $373.00M | - |
| Operating Income | $61.00M | - | $151.00M | - |
| Interest Expense | $7.00M | - | $20.00M | - |
| Other Income/Expense | $-2.00M | - | $-13.00M | - |
| Income Before Tax | $54.00M | - | $125.00M | - |
| Income Tax Expense | $14.00M | - | $32.00M | - |
| Net Income | $40.00M | $37.00M | $93.00M | - |
| Basic EPS | 0.42 | - | 0.98 | - |
| Diluted EPS | 0.42 | - | 0.96 | - |
| Basic Shares Outstanding | $94.20M | - | $94.90M | - |
| Diluted Shares Outstanding | $95.50M | - | $96.50M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $406.00M | $420.00M |
| Accounts Receivable | $309.00M | $234.00M |
| Inventory | $5.00M | $18.00M |
| Other Current Assets | $91.00M | $77.00M |
| Total Current Assets | $811.00M | $749.00M |
| Goodwill | $399.00M | $394.00M |
| Intangible Assets | $35.00M | $46.00M |
| Other Non-current Assets | $94.00M | $96.00M |
| Total Assets | $1.76B | $1.70B |
| Accounts Payable | $100.00M | $106.00M |
| Deferred Revenue | $527.00M | $512.00M |
| Other Current Liabilities | $99.00M | $115.00M |
| Total Current Liabilities | $906.00M | $930.00M |
| Long-term Debt | $437.00M | $455.00M |
| Deferred Tax Liabilities | $10.00M | $9.00M |
| Other Non-current Liabilities | $21.00M | $28.00M |
| Total Liabilities | $1.54B | $1.57B |
| Common Stock | $1.00M | $1.00M |
| Retained Earnings | $-1.92B | $-1.91B |
| Total Stockholders Equity | $219.00M | $133.00M |
| Total Liabilities & Equity | $1.76B | $1.70B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $40.00M | $37.00M | $93.00M | - |
| Depreciation & Amortization | - | - | $67.00M | - |
| Stock-based Compensation | - | - | $82.00M | - |
| Deferred Income Tax | - | - | $24.00M | - |
| Change in Receivables | - | - | $75.00M | - |
| Change in Inventory | - | - | $-13.00M | - |
| Operating Cash Flow | - | - | $145.00M | - |
| Capital Expenditure | - | - | $10.00M | - |
| Investing Cash Flow | - | - | $-12.00M | - |
| Debt Repayment | - | - | $19.00M | - |
| Stock Repurchased | - | - | $102.00M | - |
| Financing Cash Flow | - | - | $-169.00M | - |
| Net Change in Cash | - | - | $-14.00M | - |
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.