$17.93B
Revenue
$4.27B
Net Income
49.36%
Gross Margin
27.37%
Op. Margin
$4.54B
Free Cash Flow
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $4.26B | $5.14B | $4.54B | $4.00B | $3.76B | $4.89B | $4.11B | $3.73B | $3.33B | $4.16B | $3.52B | $2.89B | $2.60B | $2.99B |
| Revenue Growth % (YoY) | 13.3% | 5.2% | 10.4% | 7.3% | 12.9% | 17.4% | 16.7% | 29.2% | 27.9% | 39.0% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $2.24B | $2.48B | $2.28B | $2.08B | $2.05B | $2.39B | $2.15B | $2.06B | $1.89B | $2.14B | $1.95B | $1.79B | $1.78B | $1.96B |
| Gross Profit | $2.02B | $2.66B | $2.25B | $1.92B | $1.71B | $2.50B | $1.96B | $1.67B | $1.44B | $2.02B | $1.57B | $1.09B | $821.55M | $1.04B |
| Gross Margin % | 47.4% | 51.8% | 49.7% | 48.0% | 45.4% | 51.1% | 47.6% | 44.8% | 43.3% | 48.6% | 44.5% | 37.9% | 31.5% | 34.6% |
| Selling General & Admin | $630.00M | $522.00M | $508.00M | $562.00M | $673.00M | $451.00M | $466.00M | $535.00M | $503.28M | $393.02M | $434.85M | $460.86M | $444.36M | $373.12M |
| Operating Income | $933.00M | $1.70B | $1.33B | $945.00M | $624.00M | $1.63B | $1.10B | $750.00M | $569.70M | $1.27B | $771.58M | $271.61M | $15.45M | $298.43M |
| Operating Margin % | 21.9% | 33.1% | 29.3% | 23.6% | 16.6% | 33.4% | 26.7% | 20.1% | 17.1% | 30.4% | 21.9% | 9.4% | 0.6% | 10.0% |
| Interest Expense | $155.00M | $709.00M | $443.00M | $279.00M | $212.00M | $998.00M | $621.00M | $424.00M | $346.48M | $340.62M | $355.51M | $359.39M | $431.61M | $352.19M |
| Other Income/Expense | $71.00M | $-36.00M | $-6.00M | $-11.00M | $140.00M | $-26.00M | $-3.00M | $-8.00M | $676.00K | $-7.91M | $-5.39M | $4.58M | $-125.08M | $780.00K |
| Net Income | $754.00M | $1.57B | $1.21B | $730.00M | $552.00M | $1.11B | $854.00M | $360.00M | $277.07M | $1.01B | $458.76M | $-47.91M | $-500.21M | $32.97M |
| Net Margin % | 17.7% | 30.6% | 26.7% | 18.3% | 14.7% | 22.7% | 20.8% | 9.7% | 8.3% | 24.3% | 13.0% | -1.7% | -19.2% | 1.1% |
| Basic EPS | 2.78 | 5.79 | 4.45 | 2.71 | 2.02 | 4.22 | 3.32 | 1.40 | 1.08 | 3.94 | 1.79 | -0.19 | -1.96 | 0.13 |
| Diluted EPS | 2.78 | 5.74 | 4.41 | 2.70 | 2.03 | 4.21 | 3.11 | 1.35 | 1.07 | 3.65 | 1.70 | -0.19 | -1.96 | 0.13 |
| Basic Shares Outstanding | - | 272.0M | 272.0M | 269.0M | - | 263.0M | 257.0M | 257.0M | - | 256.2M | 255.8M | 255.5M | - | 255.1M |
| Diluted Shares Outstanding | - | 274.0M | 275.0M | 276.0M | - | 264.0M | 281.0M | 281.0M | - | 281.9M | 281.9M | 255.5M | - | 255.4M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $825.00M | $432.00M | $735.00M | $386.00M | $388.00M | $418.00M | $391.00M | $437.00M | $497.00M | $600.12M | $726.42M | $1.23B | $1.94B | $1.57B |
| Accounts Receivable | $317.00M | $356.00M | $431.00M | $427.00M | $371.00M | $441.00M | $412.00M | $455.00M | $405.00M | $360.15M | $375.36M | $379.18M | $531.07M | $534.41M |
| Inventory | $264.00M | $269.00M | $247.00M | $256.00M | $265.00M | $265.00M | $242.00M | $236.00M | $248.00M | $241.52M | $215.91M | $221.30M | $224.02M | $237.19M |
| Other Current Assets | $690.00M | $652.00M | $785.00M | $723.00M | $670.00M | $667.00M | $790.00M | $690.00M | $617.00M | $508.83M | $604.62M | $543.60M | $455.84M | $435.71M |
| Total Current Assets | $2.21B | $1.89B | $2.45B | $1.83B | $1.71B | $1.83B | $1.89B | $1.87B | $1.79B | $1.78B | $1.97B | $2.41B | $3.21B | $2.84B |
| Property Plant & Equipment | $35.70B | - | - | - | $31.83B | - | - | - | - | - | - | - | - | - |
| Goodwill | $808.00M | $808.00M | $808.00M | $808.00M | $808.00M | $809.00M | $809.00M | $809.00M | $809.00M | $809.21M | $809.25M | $809.26M | $809.28M | $809.20M |
| Intangible Assets | $390.00M | - | - | - | $404.00M | - | - | - | - | - | - | - | - | - |
| Other Non-current Assets | $2.28B | $2.17B | $2.28B | $2.25B | $2.05B | $2.07B | $1.93B | $1.89B | $1.80B | $1.79B | $1.66B | $1.66B | $1.68B | $1.57B |
| Total Assets | $41.62B | $40.11B | $38.54B | $37.45B | $37.07B | $37.07B | $36.97B | $35.19B | $35.13B | $32.77B | $32.92B | $32.87B | $33.78B | $33.46B |
| Accounts Payable | $953.00M | $828.00M | $959.00M | $956.00M | $919.00M | $851.00M | $821.00M | $876.00M | $792.00M | $715.39M | $692.01M | $714.84M | $646.73M | $623.57M |
| Short-term Debt | $3.18B | - | - | - | $1.60B | - | - | - | - | - | - | - | - | - |
| Accrued Liabilities | $2.03B | $1.85B | $1.70B | $1.50B | $1.64B | $1.48B | $1.41B | $1.24B | $1.48B | $1.21B | $1.39B | $1.20B | $1.07B | $858.94M |
| Deferred Revenue | $5.74B | $5.60B | $6.38B | $6.33B | $5.50B | $5.32B | $6.25B | $6.04B | $5.31B | $5.03B | $5.68B | $5.27B | $4.17B | $3.77B |
| Total Current Liabilities | $12.05B | $11.47B | $10.57B | $10.30B | $9.82B | $9.63B | $9.89B | $9.90B | $9.40B | $9.24B | $9.67B | $9.44B | $8.57B | $9.79B |
| Long-term Debt | $18.16B | $17.20B | $17.61B | $17.99B | $18.47B | $18.97B | $19.79B | $18.88B | $19.73B | $17.92B | $18.69B | $19.40B | $21.30B | $19.38B |
| Other Non-current Liabilities | $554.00M | $536.00M | $358.00M | $362.00M | $375.00M | $592.00M | $522.00M | $481.00M | $486.00M | $488.53M | $492.13M | $489.19M | $507.60M | $537.97M |
| Total Liabilities | $31.37B | $29.82B | $29.18B | $29.31B | $29.34B | $29.84B | $30.79B | $29.86B | $30.23B | $28.17B | $29.38B | $29.85B | $30.91B | $30.26B |
| Common Stock | $3.00M | $3.00M | $3.00M | $3.00M | $3.00M | $3.00M | $3.00M | $3.00M | $3.00M | $2.85M | $2.84M | $2.84M | $2.83M | $2.83M |
| Retained Earnings | $5.92B | $5.44B | $4.14B | $3.14B | $2.61B | $2.21B | $1.20B | $350.00M | $-10.00M | $-287.50M | $-1.30B | $-1.76B | $-1.71B | $-1.21B |
| Total Stockholders Equity | $10.04B | $10.09B | $9.17B | $7.96B | $7.56B | $7.04B | $6.01B | $5.15B | $4.72B | $4.42B | $3.36B | $2.85B | $2.87B | $3.21B |
| Total Liabilities & Equity | $41.62B | $40.11B | $38.54B | $37.45B | $37.07B | $37.07B | $36.97B | $35.19B | $35.13B | $32.77B | $32.92B | $32.87B | $33.78B | $33.46B |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $754.00M | $1.57B | $1.94B | $730.00M | $552.00M | $2.33B | $1.21B | $360.00M | $277.07M | $1.01B | $458.76M | $-47.91M | $-500.21M | $32.97M |
| Depreciation & Amortization | $453.00M | $435.00M | $829.00M | $412.00M | $410.00M | $410.00M | $393.00M | $387.00M | $368.08M | $1.09B | $361.68M | $359.77M | $360.60M | $1.05B |
| Stock-based Compensation | $39.00M | $136.00M | $92.00M | $53.00M | $158.00M | $109.00M | $83.00M | $45.00M | $46.69M | $79.31M | $65.72M | $26.27M | $11.83M | $24.29M |
| Change in Receivables | $-31.00M | $34.00M | $51.00M | $77.00M | $-65.00M | $13.00M | $16.00M | $57.00M | $32.20M | $-131.20M | $-131.87M | $-122.94M | $60.79M | $173.56M |
| Change in Inventory | - | $4.00M | $-17.00M | $-9.00M | - | $17.00M | $-6.00M | $-12.00M | $6.49M | $17.51M | $-8.10M | $-2.72M | $-13.17M | $86.96M |
| Change in Payables | $127.00M | $-100.00M | $24.00M | $22.00M | $67.00M | $53.00M | $18.00M | $78.00M | $61.99M | $62.01M | $30.29M | $56.68M | $-4.59M | $79.25M |
| Operating Cash Flow | $1.62B | $4.84B | $3.37B | $1.63B | $1.47B | $3.80B | $2.90B | $1.33B | $1.12B | $3.36B | $2.70B | $1.31B | $576.60M | $-94.74M |
| Capital Expenditure | $1.51B | $3.72B | $1.26B | $428.00M | $552.00M | $2.72B | $2.38B | $242.00M | $2.57B | $1.33B | $1.05B | $251.93M | $166.80M | $2.54B |
| Investing Cash Flow | $-1.48B | $-3.53B | $-1.15B | $-440.00M | $-641.00M | $-2.81B | $-2.49B | $-296.00M | $-2.57B | $-1.35B | $-1.02B | $-234.10M | $-116.81M | $-2.87B |
| Debt Repayment | $459.00M | $3.08B | $1.95B | $1.22B | $1.68B | $9.97B | $4.97B | $3.11B | $4.26B | $5.31B | $4.25B | $2.66B | $2.59B | $5.14B |
| Stock Repurchased | $504.00M | $655.00M | $241.00M | $241.00M | - | - | - | - | - | - | - | - | - | - |
| Dividends Paid | $272.00M | $552.00M | $348.00M | $148.00M | $107.00M | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $254.00M | $-1.27B | $-1.89B | $-1.19B | $-852.00M | $-1.07B | $-511.00M | $-1.09B | $1.35B | $-3.35B | $-2.89B | $-1.78B | $-91.93M | $1.83B |
| Net Change in Cash | $393.00M | $44.00M | $347.00M | $-2.00M | $-30.00M | $-79.00M | $-106.00M | $-60.00M | $-103.11M | $-1.33B | $-1.21B | $-708.13M | $368.79M | $-1.14B |
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 | $5.14B | $4.89B | $13.68B | $12.72B |
| Cost of Revenue | $2.48B | $2.39B | $6.84B | $6.60B |
| Selling General & Admin | $522.00M | $451.00M | $1.59B | $1.45B |
| Operating Income | $1.70B | $1.63B | $3.98B | $3.48B |
| Interest Expense | $248.00M | $603.00M | $709.00M | $998.00M |
| Other Income/Expense | $-36.00M | $-26.00M | $-54.00M | $-37.00M |
| Net Income | $1.57B | $1.11B | $3.51B | $2.33B |
| Basic EPS | 5.79 | 4.22 | 12.97 | 8.98 |
| Diluted EPS | 5.74 | 4.21 | 12.83 | 8.91 |
| Basic Shares Outstanding | $272.00M | $263.00M | $271.00M | $259.00M |
| Diluted Shares Outstanding | $274.00M | $264.00M | $275.00M | $280.00M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $432.00M | $388.00M |
| Accounts Receivable | $356.00M | $371.00M |
| Inventory | $269.00M | $265.00M |
| Other Current Assets | $652.00M | $670.00M |
| Total Current Assets | $1.89B | $1.71B |
| Goodwill | $808.00M | $808.00M |
| Other Non-current Assets | $2.17B | $2.05B |
| Total Assets | $40.11B | $37.07B |
| Accounts Payable | $828.00M | $919.00M |
| Accrued Liabilities | $1.85B | $1.64B |
| Deferred Revenue | $5.60B | $5.50B |
| Total Current Liabilities | $11.47B | $9.82B |
| Long-term Debt | $17.20B | $18.47B |
| Other Non-current Liabilities | $536.00M | $375.00M |
| Total Liabilities | $29.82B | $29.34B |
| Common Stock | $3.00M | $3.00M |
| Retained Earnings | $5.44B | $2.61B |
| Total Stockholders Equity | $10.09B | $7.56B |
| Total Liabilities & Equity | $40.11B | $37.07B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $1.57B | $1.11B | $3.51B | $2.33B |
| Depreciation & Amortization | $435.00M | $410.00M | $1.26B | $1.19B |
| Stock-based Compensation | - | - | $136.00M | $109.00M |
| Change in Receivables | - | - | $34.00M | $13.00M |
| Change in Inventory | - | - | $4.00M | $17.00M |
| Change in Payables | - | - | $-100.00M | $53.00M |
| Operating Cash Flow | - | - | $4.84B | $3.80B |
| Capital Expenditure | - | - | $3.72B | $2.72B |
| Investing Cash Flow | - | - | $-3.53B | $-2.81B |
| Debt Repayment | - | - | $3.08B | $9.97B |
| Stock Repurchased | - | - | $655.00M | - |
| Dividends Paid | - | - | $552.00M | - |
| Financing Cash Flow | - | - | $-1.27B | $-1.07B |
| Net Change in Cash | - | - | $44.00M | $-79.00M |
All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.