$2.86B
Revenue
$478.60M
Net Income
98.18%
Gross Margin
21.64%
Op. Margin
$946.40M
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) |
|---|---|---|---|---|---|---|
| Total Revenue | $2.86B | $2.86B | $2.36B | $1.89B | $1.49B | $1.13B |
| Revenue Growth % | 0.0% | 21.4% | 24.8% | 26.8% | 31.3% | nan% |
| Cost of Revenue | $52.10M | $52.10M | $34.00M | $39.70M | $23.20M | $14.30M |
| Gross Profit | $2.81B | $2.81B | $2.32B | $1.85B | $1.47B | $1.12B |
| Gross Margin % | 98.2% | 98.2% | 98.6% | 97.9% | 98.4% | 98.7% |
| Operating Expenses | $2.24B | $2.24B | $1.78B | $1.64B | $1.24B | $1.03B |
| Selling General & Admin | $1.16B | $1.16B | $1.01B | $887.60M | $752.70M | $583.30M |
| Operating Income | $619.10M | $619.10M | $570.50M | $250.90M | $249.00M | $102.50M |
| Operating Margin % | 21.6% | 21.6% | 24.2% | 13.3% | 16.7% | 9.0% |
| Interest Expense | - | - | $1.60M | $4.60M | $7.10M | $25.80M |
| Other Income/Expense | $86.30M | $86.30M | $-84.50M | $81.20M | $-35.10M | $-1.10M |
| Income Before Tax | $705.40M | $705.40M | $486.00M | $332.10M | $213.90M | $101.40M |
| Income Tax Expense | $226.80M | $226.80M | $144.70M | $82.40M | $59.40M | $11.80M |
| Net Income | $478.60M | $478.60M | $341.30M | $249.70M | $154.50M | $89.60M |
| Net Margin % | 16.7% | 16.7% | 14.5% | 13.2% | 10.4% | 7.9% |
| Basic EPS | 4.82 | 4.81 | 3.40 | 2.56 | 1.61 | 0.95 |
| Diluted EPS | 4.66 | 4.67 | 3.29 | 2.47 | 1.56 | 0.92 |
| Basic Shares Outstanding | - | 99.5M | 100.4M | 97.7M | 95.8M | 94.6M |
| Diluted Shares Outstanding | - | 102.5M | 103.7M | 101.0M | 98.9M | 97.9M |
| 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) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $713.00M | $233.00M | $251.10M | $262.90M | $340.80M |
| Short-term Investments | - | - | - | - | $370.50M |
| Accounts Receivable | $686.80M | $479.10M | $439.30M | $350.00M | $185.50M |
| Inventory | $69.00M | $57.40M | $38.30M | $35.10M | $30.50M |
| Other Current Assets | $115.80M | $112.10M | $97.80M | $79.10M | $45.50M |
| Total Current Assets | $2.52B | $1.72B | $1.61B | $1.45B | $972.80M |
| Property Plant & Equipment | $89.80M | $82.60M | $70.80M | $58.60M | $58.60M |
| Intangible Assets | - | $36.50M | $35.50M | $37.20M | - |
| Long-term Investments | - | - | - | $299.40M | $560.70M |
| Other Non-current Assets | $59.50M | $15.50M | $49.60M | $25.00M | $4.40M |
| Total Assets | $4.63B | $3.72B | $3.25B | $2.37B | $2.07B |
| Other Current Liabilities | $69.10M | $46.10M | $35.90M | $20.70M | $20.00M |
| Total Current Liabilities | $743.40M | $507.70M | $654.80M | $537.70M | $245.80M |
| Other Non-current Liabilities | $219.70M | $166.20M | $106.30M | $29.70M | $12.30M |
| Total Liabilities | $1.38B | $1.13B | $1.02B | $660.90M | $698.50M |
| Common Stock | $100.00K | $100.00K | $100.00K | $100.00K | $100.00K |
| Retained Earnings | $447.70M | $29.20M | $-157.10M | $-406.80M | $-635.80M |
| Total Stockholders Equity | $3.25B | $2.59B | $2.23B | $1.71B | $1.37B |
| Total Liabilities & Equity | $4.63B | $3.72B | $3.25B | $2.37B | $2.07B |
| 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) |
|---|---|---|---|---|---|---|
| Net Income | $478.60M | $478.60M | $341.30M | $249.70M | $154.50M | $89.60M |
| Stock-based Compensation | $376.30M | $217.90M | $195.50M | $194.30M | $173.10M | $134.20M |
| Deferred Income Tax | - | $164.20M | $-123.00M | $-60.70M | - | - |
| Change in Receivables | $364.00M | $210.50M | $39.80M | $89.30M | $162.20M | $28.40M |
| Change in Inventory | $16.60M | $15.30M | $19.10M | $-5.40M | $2.60M | $2.50M |
| Operating Cash Flow | $1.01B | $782.70M | $595.40M | $389.90M | $339.40M | $256.50M |
| Capital Expenditure | $67.90M | $34.00M | $38.20M | $28.30M | $16.50M | $23.40M |
| Acquisitions | - | - | - | - | $42.70M | - |
| Investing Cash Flow | $-265.00M | $-264.40M | $-126.80M | $-467.10M | $-177.10M | $-130.20M |
| Stock Issued | $208.00M | $129.40M | $122.10M | $65.30M | $44.70M | $27.50M |
| Stock Repurchased | $485.40M | $167.70M | $300.00M | - | - | - |
| Financing Cash Flow | $-277.40M | $-38.30M | $-486.70M | $65.30M | $-234.30M | $27.40M |
| Net Change in Cash | $472.10M | $480.00M | $-18.10M | $-11.60M | $-73.30M | $153.70M |
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 | $794.90M | - | $2.06B | - |
| Cost of Revenue | $14.00M | - | $34.50M | - |
| Operating Expenses | $555.90M | - | $1.65B | - |
| Selling General & Admin | $291.60M | - | $854.40M | - |
| Operating Income | $239.00M | - | $408.20M | - |
| Interest Expense | - | - | - | - |
| Other Income/Expense | $52.80M | - | $57.80M | - |
| Income Before Tax | $291.80M | - | $466.00M | - |
| Income Tax Expense | $82.30M | - | $141.10M | - |
| Net Income | $209.50M | - | $324.90M | - |
| Basic EPS | 2.11 | - | 3.27 | - |
| Diluted EPS | 2.04 | - | 3.19 | - |
| Basic Shares Outstanding | $99.40M | - | $99.30M | - |
| Diluted Shares Outstanding | $102.50M | - | $102.00M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $340.20M | $233.00M |
| Accounts Receivable | $728.00M | $479.10M |
| Inventory | $69.30M | $57.40M |
| Other Current Assets | $68.20M | $63.60M |
| Total Current Assets | $2.16B | $1.72B |
| Property Plant & Equipment | $97.30M | $82.60M |
| Intangible Assets | $35.70M | $36.50M |
| Other Non-current Assets | $20.30M | $15.50M |
| Total Assets | $4.27B | $3.72B |
| Other Current Liabilities | $53.70M | $46.10M |
| Total Current Liabilities | $638.00M | $507.70M |
| Other Non-current Liabilities | $195.70M | $166.20M |
| Total Liabilities | $1.26B | $1.13B |
| Common Stock | $100.00K | $100.00K |
| Retained Earnings | $294.00M | $29.20M |
| Total Stockholders Equity | $3.00B | $2.59B |
| Total Liabilities & Equity | $4.27B | $3.72B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $209.50M | - | $324.90M | - |
| Stock-based Compensation | - | - | $159.30M | - |
| Change in Receivables | - | - | $248.90M | - |
| Change in Inventory | - | - | $11.90M | - |
| Operating Cash Flow | - | - | $394.30M | - |
| Capital Expenditure | - | - | $36.40M | - |
| Investing Cash Flow | - | - | $-211.50M | - |
| Stock Issued | - | - | $92.10M | - |
| Stock Repurchased | - | - | $167.70M | - |
| Financing Cash Flow | - | - | $-75.60M | - |
| Net Change in Cash | - | - | $107.20M | - |
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.