$1.75B
Revenue
$393.44M
Net Income
75.86%
Gross Margin
15.07%
Op. Margin
$979.55M
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 | $504.32M | $381.35M | $384.51M | $475.63M | $490.83M | $325.05M | $351.15M | $330.15M | $474.23M | $334.64M | $298.27M | $325.47M | $396.47M | $270.73M |
| Revenue Growth % (YoY) | 2.7% | 17.3% | 9.5% | 44.1% | 3.5% | -2.9% | 17.7% | 1.4% | 19.6% | 23.6% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $103.47M | $105.89M | $109.57M | $102.45M | $102.36M | $96.71M | $96.95M | $94.66M | $90.65M | $93.76M | $96.14M | $97.93M | $92.27M | $93.05M |
| Gross Profit | $400.85M | $275.46M | $274.94M | $373.18M | $388.48M | $228.34M | $254.21M | $235.49M | $383.59M | $240.88M | $202.13M | $227.54M | $304.20M | $177.68M |
| Gross Margin % | 79.5% | 72.2% | 71.5% | 78.5% | 79.1% | 70.2% | 72.4% | 71.3% | 80.9% | 72.0% | 67.8% | 69.9% | 76.7% | 65.6% |
| Operating Expenses | $296.49M | $260.99M | $257.66M | $246.19M | $245.49M | $240.00M | $241.24M | $255.90M | $228.32M | $251.70M | $243.42M | $249.74M | $269.96M | $254.90M |
| Research & Development | $80.86M | $78.76M | $78.78M | $74.29M | $76.38M | $74.16M | $75.42M | $72.11M | $71.25M | $74.95M | $73.93M | $75.38M | $73.18M | $75.34M |
| Operating Income | $104.36M | $14.47M | $17.28M | $126.99M | $142.99M | $-11.66M | $12.97M | $-20.41M | $155.27M | $-10.82M | $-41.29M | $-22.21M | $34.24M | $-77.22M |
| Operating Margin % | 20.7% | 3.8% | 4.5% | 26.7% | 29.1% | -3.6% | 3.7% | -6.2% | 32.7% | -3.2% | -13.8% | -6.8% | 8.6% | -28.5% |
| Interest Expense | $113.00K | $144.00K | $1.00K | $1.03M | $1.79M | $1.64M | $1.66M | $1.75M | $1.65M | $1.53M | $1.78M | $1.92M | $1.91M | $1.99M |
| Other Income/Expense | $1.04M | $-43.00K | $18.73M | $561.00K | $-299.00K | - | - | $1.68M | $25.00K | $6.38M | $5.70M | $6.58M | $82.00K | $-29.00K |
| Income Before Tax | $104.97M | $24.10M | $25.25M | $126.31M | $154.17M | $-11.62M | $15.26M | $-15.16M | $154.90M | $-3.73M | $-40.20M | $-15.53M | $28.16M | $-81.77M |
| Income Tax Expense | $-129.60M | $-19.27M | $-4.83M | $40.89M | $35.08M | $2.77M | $8.64M | $-3.04M | $12.24M | $3.54M | $6.60M | $5.25M | $-6.45M | $11.75M |
| Net Income | $234.57M | $43.36M | $30.08M | $85.42M | $119.09M | $-14.39M | $6.61M | $-12.12M | $142.66M | $-7.28M | $-46.80M | $-20.77M | $34.61M | $-93.52M |
| Net Margin % | 46.5% | 11.4% | 7.8% | 18.0% | 24.3% | -4.4% | 1.9% | -3.7% | 30.1% | -2.2% | -15.7% | -6.4% | 8.7% | -34.5% |
| Basic EPS | 1.37 | 0.25 | 0.18 | 0.99 | 1.39 | -0.17 | 0.08 | -0.14 | 1.72 | -0.09 | -0.56 | -0.25 | 0.43 | -1.14 |
| Diluted EPS | 1.27 | 0.24 | 0.17 | 0.91 | 1.34 | -0.17 | 0.07 | -0.14 | 1.63 | -0.09 | -0.56 | -0.25 | 0.43 | -1.14 |
| Basic Shares Outstanding | - | 170.6M | 170.8M | 85.9M | 247K | 85.6M | 85.2M | 84.3M | 166K | 83.3M | 83.0M | 82.6M | 105K | 82.0M |
| Diluted Shares Outstanding | - | 184.1M | 182.2M | 94.4M | 4.6M | 85.6M | 88.5M | 84.3M | 1.9M | 83.3M | 83.0M | 82.6M | 105K | 82.0M |
| 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 | $212.45M | $148.70M | $201.56M | $231.13M | $337.10M | $287.65M | $258.26M | $291.90M | $229.90M | $169.02M | $186.87M | $168.32M | $145.05M | $107.63M |
| Short-term Investments | $213.35M | $202.66M | $210.00M | $140.61M | $402.87M | $415.34M | $406.82M | $327.04M | $193.44M | $167.29M | $125.94M | $155.56M | $152.17M | $168.09M |
| Accounts Receivable | $264.71M | $160.92M | $156.47M | $202.87M | $305.47M | $173.62M | $165.72M | $191.99M | $300.17M | $168.79M | $163.91M | $201.59M | $255.15M | $139.67M |
| Other Current Assets | $121.31M | $123.79M | $93.40M | $92.79M | $115.18M | $85.19M | $76.32M | $78.19M | $68.14M | $71.44M | $78.53M | $73.98M | $80.39M | $62.46M |
| Total Current Assets | $978.29M | $811.80M | $845.62M | $846.49M | $1.33B | $1.12B | $1.07B | $1.06B | $1.03B | $776.49M | $737.51M | $795.73M | $846.48M | $660.24M |
| Property Plant & Equipment | $45.24M | - | - | - | $41.81M | - | - | - | - | - | - | - | - | - |
| Goodwill | $81.51M | $81.40M | $81.54M | $81.19M | $81.11M | $81.57M | $81.41M | $81.47M | $81.61M | $81.44M | $81.59M | $81.43M | $81.40M | $81.20M |
| Intangible Assets | $1.20M | - | - | - | $3.83M | - | - | - | - | - | - | - | - | - |
| Other Non-current Assets | $469.50M | $293.72M | $292.96M | $296.02M | $292.05M | $301.01M | $302.25M | $297.86M | $314.70M | $290.81M | $302.85M | $324.98M | $333.99M | $316.73M |
| Total Assets | $1.63B | $1.29B | $1.32B | $1.32B | $1.77B | $1.58B | $1.54B | $1.51B | $1.51B | $1.22B | $1.19B | $1.28B | $1.36B | $1.17B |
| Accounts Payable | $12.92M | $8.06M | $17.10M | $16.65M | $6.23M | $20.10M | $16.68M | $6.35M | $11.29M | $20.54M | $8.44M | $12.56M | $18.20M | $13.56M |
| Accrued Liabilities | $44.85M | $51.86M | $51.43M | $49.88M | $31.54M | $41.24M | $44.88M | $80.64M | $39.94M | $43.62M | $53.11M | $45.43M | $50.35M | $61.01M |
| Deferred Revenue | $509.27M | $404.76M | $418.93M | $469.30M | $423.91M | $345.57M | $352.62M | $382.76M | $377.85M | $297.07M | $311.33M | $342.59M | $325.21M | $245.15M |
| Other Current Liabilities | $21.93M | $21.13M | $20.39M | $17.39M | $18.87M | $18.37M | $20.68M | $19.10M | $21.34M | $18.04M | $17.27M | $17.80M | $17.45M | $8.25M |
| Total Current Liabilities | $737.78M | $597.45M | $599.62M | $609.14M | $1.09B | $1.02B | $1.02B | $1.04B | $577.06M | $472.78M | $461.11M | $474.96M | $538.94M | $413.97M |
| Other Non-current Liabilities | $45.86M | $36.10M | $35.07M | $36.43M | $29.09M | $14.92M | $14.36M | $13.62M | $13.57M | $14.48M | $14.90M | $14.64M | $15.13M | $11.94M |
| Total Liabilities | $844.46M | $695.96M | $699.88M | $710.68M | $1.18B | $1.11B | $1.10B | $1.12B | $1.16B | $1.05B | $1.05B | $1.13B | $1.23B | $1.10B |
| Common Stock | $1.70M | $1.71M | $1.71M | $856.00K | $861.00K | $858.00K | $854.00K | $850.00K | $838.00K | $835.00K | $832.00K | $829.00K | $824.00K | $822.00K |
| Retained Earnings | $463.39M | $233.93M | $195.68M | $170.76M | $87.90M | $-28.61M | $-14.22M | $-20.83M | $-8.71M | $-151.37M | $-144.09M | $-97.29M | $-76.51M | $-111.13M |
| Total Stockholders Equity | $787.38M | $596.83M | $624.54M | $611.27M | $585.48M | $473.02M | $435.40M | $390.19M | $353.84M | $167.64M | $145.40M | $154.50M | $130.84M | $64.96M |
| Total Liabilities & Equity | $1.63B | $1.29B | $1.32B | $1.32B | $1.77B | $1.58B | $1.54B | $1.51B | $1.51B | $1.22B | $1.19B | $1.28B | $1.36B | $1.17B |
| 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 | $234.57M | $43.36M | $30.08M | $85.42M | $119.09M | $-14.39M | $6.61M | $-12.12M | $142.66M | $-7.28M | $-46.80M | $-20.77M | $34.61M | $-93.52M |
| Depreciation & Amortization | $4.29M | $9.41M | $6.32M | $3.14M | $4.30M | $13.29M | $8.81M | $4.25M | $4.57M | $14.18M | $9.55M | $4.72M | $6.40M | $12.38M |
| Stock-based Compensation | $34.04M | $43.04M | $36.73M | $41.42M | $34.50M | $37.21M | $36.22M | $34.78M | $33.27M | $31.30M | $36.23M | $42.56M | $28.91M | $33.77M |
| Deferred Income Tax | $-171.05M | $235.00K | $282.00K | $179.00K | $-1.48M | $-67.00K | $232.00K | $-646.00K | $551.00K | $-188.00K | $-136.00K | $-126.00K | $-599.00K | $169.49M |
| Change in Working Capital | - | $-5.69M | $-51.83M | $-48.40M | - | $-90.56M | $-109.47M | $-136.68M | - | $-44.78M | $-61.96M | $-29.11M | - | $5.93M |
| Operating Cash Flow | $158.43M | $346.80M | $290.50M | $204.23M | $95.23M | $250.70M | $220.24M | $180.15M | $79.86M | $137.92M | $113.75M | $68.11M | $35.78M | $-13.45M |
| Capital Expenditure | $6.02M | $8.48M | $4.01M | $1.88M | $2.79M | $4.92M | $1.86M | $604.00K | $2.51M | $14.27M | $13.93M | $11.49M | $13.09M | $22.29M |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | $922.00K |
| Purchases of Investments | $109.69M | $238.96M | $158.70M | $69.32M | $142.06M | $417.31M | $291.81M | $161.44M | $96.82M | $190.47M | $69.66M | $39.40M | $1.96M | $39.06M |
| Sales of Investments | $16.52M | $362.44M | $345.17M | $324.60M | $158.27M | $206.23M | $83.97M | $29.64M | $72.76M | $169.84M | $88.85M | $36.48M | $12.63M | $53.95M |
| Investing Cash Flow | $-17.65M | $214.90M | $213.00M | $261.89M | $13.42M | $-216.00M | $-209.70M | $-132.40M | $-26.57M | $-24.18M | $15.98M | $-14.41M | $2.97M | $10.10M |
| Stock Repurchased | $105.00M | $394.69M | $251.69M | $117.20M | $56.81M | $11.25M | - | - | $-1.65M | $1.65M | $1.42M | $1.11M | $-17.57M | $43.28M |
| Dividends Paid | $5.12M | $10.31M | $5.15M | $2.58M | $2.57M | $7.63M | $5.07M | $2.52M | $2.51M | $7.46M | $4.96M | $2.47M | $2.47M | $7.37M |
| Financing Cash Flow | $-78.24M | $-756.39M | $-646.32M | $-575.99M | $-57.16M | $26.95M | $22.50M | $17.90M | $3.07M | $-85.03M | $-86.99M | $-29.37M | $-3.50M | $-43.48M |
| Net Change in Cash | $62.56M | $-187.73M | $-135.42M | $-106.29M | $42.46M | $66.24M | $30.20M | $62.84M | $60.68M | $27.09M | $43.75M | $25.10M | $37.43M | $-52.34M |
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 | $381.35M | - | $1.24B | - |
| Cost of Revenue | $105.89M | - | $317.92M | - |
| Gross Profit | $275.46M | - | $923.58M | - |
| Operating Expenses | $260.99M | - | $764.84M | - |
| Research & Development | $78.76M | - | $231.83M | - |
| Operating Income | $14.47M | - | $158.74M | - |
| Interest Expense | $144.00K | - | $1.17M | - |
| Other Income/Expense | $-43.00K | - | $19.25M | - |
| Income Before Tax | $24.10M | - | $175.65M | - |
| Income Tax Expense | $-19.27M | - | $16.79M | - |
| Net Income | $43.36M | $6.61M | $158.86M | - |
| Basic EPS | 0.25 | - | 0.93 | - |
| Diluted EPS | 0.24 | - | 0.86 | - |
| Basic Shares Outstanding | $170.57M | - | $171.04M | - |
| Diluted Shares Outstanding | $184.09M | - | $185.00M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $148.70M | $337.10M |
| Short-term Investments | $202.66M | $402.87M |
| Accounts Receivable | $160.92M | $305.47M |
| Other Current Assets | $123.79M | $115.18M |
| Total Current Assets | $811.80M | $1.33B |
| Goodwill | $81.40M | $81.11M |
| Other Non-current Assets | $293.72M | $292.05M |
| Total Assets | $1.29B | $1.77B |
| Accounts Payable | $8.06M | $6.23M |
| Accrued Liabilities | $51.86M | $31.54M |
| Deferred Revenue | $404.76M | $423.91M |
| Other Current Liabilities | $21.13M | $18.87M |
| Total Current Liabilities | $597.45M | $1.09B |
| Other Non-current Liabilities | $36.10M | $29.09M |
| Total Liabilities | $695.96M | $1.18B |
| Common Stock | $1.71M | $1.72M |
| Retained Earnings | $233.93M | $87.90M |
| Total Stockholders Equity | $596.83M | $585.48M |
| Total Liabilities & Equity | $1.29B | $1.77B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $43.36M | $6.61M | $158.86M | - |
| Depreciation & Amortization | - | - | $9.41M | - |
| Stock-based Compensation | $43.04M | - | $121.20M | - |
| Deferred Income Tax | - | - | $235.00K | - |
| Change in Working Capital | - | - | $-5.69M | - |
| Operating Cash Flow | - | - | $346.80M | - |
| Capital Expenditure | - | - | $8.48M | - |
| Purchases of Investments | - | - | $238.96M | - |
| Sales of Investments | - | - | $362.44M | - |
| Investing Cash Flow | - | - | $214.90M | - |
| Stock Repurchased | - | - | $394.69M | - |
| Dividends Paid | - | - | $10.31M | - |
| Financing Cash Flow | - | - | $-756.39M | - |
| Net Change in Cash | - | - | $-187.73M | - |
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.