$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) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $2.86B | $2.86B | $2.36B | $1.89B | $1.49B | $1.13B | $1.05B | $788.10M | $451.20M | $161.63M | $15.00M |
| Revenue Growth % | 0.0% | 21.4% | 24.8% | 26.8% | 31.3% | 8.4% | 32.7% | 74.7% | 179.2% | 977.5% | nan% |
| Cost of Revenue | $52.10M | $52.10M | $34.00M | $39.70M | $23.20M | $14.30M | $10.10M | $7.40M | $4.89M | $1.25M | - |
| Gross Profit | $2.81B | $2.81B | $2.32B | $1.85B | $1.47B | $1.12B | $1.04B | $780.70M | $446.31M | $160.37M | $15.00M |
| Gross Margin % | 98.2% | 98.2% | 98.6% | 97.9% | 98.4% | 98.7% | 99.0% | 99.1% | 98.9% | 99.2% | 100.0% |
| Operating Expenses | $2.24B | $2.24B | $1.78B | $1.64B | $1.24B | $1.03B | $882.90M | $715.80M | $414.40M | $292.99M | $162.37M |
| Research & Development | - | - | - | - | - | - | - | - | $160.52M | $121.83M | $94.29M |
| Selling General & Admin | $1.16B | $1.16B | $1.01B | $887.60M | $752.70M | $583.30M | $433.30M | $354.10M | $248.90M | $169.91M | $68.08M |
| Operating Income | $619.10M | $619.10M | $570.50M | $250.90M | $249.00M | $102.50M | $163.00M | $72.30M | $36.80M | $-131.36M | $-147.37M |
| Operating Margin % | 21.6% | 21.6% | 24.2% | 13.3% | 16.7% | 9.0% | 15.6% | 9.2% | 8.2% | -81.3% | -982.5% |
| Interest Expense | - | - | $1.60M | $4.60M | $7.10M | $25.80M | $32.80M | $32.00M | $30.50M | $19.52M | - |
| Other Income/Expense | $86.30M | $86.30M | $-84.50M | $81.20M | $-35.10M | $-1.10M | $-56.30M | $-25.80M | $-15.00M | $-20.00K | $13.00K |
| Income Before Tax | $705.40M | $705.40M | $486.00M | $332.10M | $213.90M | $101.40M | $106.70M | $46.50M | $21.80M | $-142.54M | $-141.09M |
| Income Tax Expense | $226.80M | $226.80M | $144.70M | $82.40M | $59.40M | $11.80M | $-300.60M | $9.50M | $700.00K | - | - |
| Net Income | $478.60M | $478.60M | $341.30M | $249.70M | $154.50M | $89.60M | $407.30M | $37.00M | $21.10M | $-142.54M | $-141.09M |
| Net Margin % | 16.7% | 16.7% | 14.5% | 13.2% | 10.4% | 7.9% | 38.9% | 4.7% | 4.7% | -88.2% | -940.6% |
| Basic EPS | 4.82 | 4.81 | 3.40 | 2.56 | 1.61 | 0.95 | 4.38 | 0.40 | 0.23 | -1.62 | -1.63 |
| Diluted EPS | 4.66 | 4.67 | 3.29 | 2.47 | 1.56 | 0.92 | 4.16 | 0.39 | 0.22 | -1.62 | -1.63 |
| Basic Shares Outstanding | - | 99.5M | 100.4M | 97.7M | 95.8M | 94.6M | 93.1M | 91.6M | 90.2M | 88.1M | 86.7M |
| Diluted Shares Outstanding | - | 102.5M | 103.7M | 101.0M | 98.9M | 97.9M | 97.8M | 95.7M | 95.4M | 88.1M | 86.7M |
| 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) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $713.00M | $233.00M | $251.10M | $262.90M | $340.80M | $187.10M | $112.30M | $141.71M | $254.71M | $83.27M |
| Short-term Investments | - | - | - | - | $370.50M | $613.90M | $558.20M | $509.20M | - | - |
| Accounts Receivable | $686.80M | $479.10M | $439.30M | $350.00M | $185.50M | $157.10M | $126.60M | $56.24M | $31.13M | - |
| Inventory | $69.00M | $57.40M | $38.30M | $35.10M | $30.50M | $28.00M | $17.30M | $10.86M | $1.02M | - |
| Other Current Assets | $115.80M | $112.10M | $97.80M | $79.10M | $45.50M | $30.10M | $16.60M | $19.76M | $7.86M | $3.09M |
| Total Current Assets | $2.52B | $1.72B | $1.61B | $1.45B | $972.80M | $1.02B | $831.00M | $737.78M | $554.92M | $310.44M |
| Property Plant & Equipment | $89.80M | $82.60M | $70.80M | $58.60M | $58.60M | $44.60M | $41.90M | $33.87M | $10.81M | $6.27M |
| Intangible Assets | - | $36.50M | $35.50M | $37.20M | - | - | - | - | - | - |
| Long-term Investments | - | - | - | $299.40M | $560.70M | $227.10M | $299.70M | $216.03M | - | - |
| Other Non-current Assets | $59.50M | $15.50M | $49.60M | $25.00M | $4.40M | $3.20M | - | - | - | - |
| Total Assets | $4.63B | $3.72B | $3.25B | $2.37B | $2.07B | $1.73B | $1.31B | $993.15M | $817.59M | $365.09M |
| Accounts Payable | - | - | - | - | - | - | - | - | - | $5.08M |
| Accrued Liabilities | - | - | - | - | - | - | - | - | - | $21.10M |
| Other Current Liabilities | $69.10M | $46.10M | $35.90M | $20.70M | $20.00M | $17.80M | $15.20M | $1.86M | $113.00K | - |
| Total Current Liabilities | $743.40M | $507.70M | $654.80M | $537.70M | $245.80M | $186.50M | $565.30M | $88.23M | $54.43M | $30.41M |
| Other Non-current Liabilities | $219.70M | $166.20M | $106.30M | $29.70M | $12.30M | $9.70M | $17.10M | $35.66M | - | $113.00K |
| Total Liabilities | $1.38B | $1.13B | $1.02B | $660.90M | $698.50M | $608.50M | $669.10M | $512.39M | $445.45M | $50.21M |
| Common Stock | $100.00K | $100.00K | $100.00K | $100.00K | $100.00K | $100.00K | $100.00K | $91.00K | $89.00K | $87.00K |
| Retained Earnings | $447.70M | $29.20M | $-157.10M | $-406.80M | $-635.80M | $-725.40M | $-1.13B | $-1.18B | $-1.20B | $-1.06B |
| Total Stockholders Equity | $3.25B | $2.59B | $2.23B | $1.71B | $1.37B | $1.13B | $636.90M | $480.80M | $372.20M | $314.88M |
| Total Liabilities & Equity | $4.63B | $3.72B | $3.25B | $2.37B | $2.07B | $1.73B | $1.31B | $993.15M | $817.59M | $365.09M |
| 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) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $478.60M | $478.60M | $341.30M | $249.70M | $154.50M | $89.60M | $407.30M | $37.00M | $21.10M | $-142.54M | $-141.09M |
| Depreciation & Amortization | - | - | - | - | - | - | - | - | $4.02M | $2.40M | $1.45M |
| Stock-based Compensation | $376.30M | $217.90M | $195.50M | $194.30M | $173.10M | $134.20M | $100.00M | $75.30M | $58.10M | $42.52M | $28.46M |
| Deferred Income Tax | - | $164.20M | $-123.00M | $-60.70M | - | - | - | - | - | - | - |
| Change in Receivables | $364.00M | $210.50M | $39.80M | $89.30M | $162.20M | $28.40M | $30.50M | $69.20M | $25.10M | $31.13M | - |
| Change in Inventory | $16.60M | $15.30M | $19.10M | $-5.40M | $2.60M | $2.50M | $10.70M | $6.40M | $3.50M | $1.02M | - |
| Operating Cash Flow | $1.01B | $782.70M | $595.40M | $389.90M | $339.40M | $256.50M | $228.50M | $147.00M | $101.40M | $-94.33M | $-106.18M |
| Capital Expenditure | $67.90M | $34.00M | $38.20M | $28.30M | $16.50M | $23.40M | $10.90M | $14.70M | $24.80M | $6.94M | $4.11M |
| Acquisitions | - | - | - | - | $42.70M | - | - | - | - | - | - |
| Purchases of Investments | - | - | - | - | - | - | - | $797.17M | $545.96M | $583.41M | $298.78M |
| Investing Cash Flow | $-265.00M | $-264.40M | $-126.80M | $-467.10M | $-177.10M | $-130.20M | $4.10M | $-211.10M | $-242.90M | $-251.25M | $112.95M |
| Stock Issued | $208.00M | $129.40M | $122.10M | $65.30M | $44.70M | $27.50M | $29.10M | $32.40M | $29.50M | $13.87M | $2.39M |
| Stock Repurchased | $485.40M | $167.70M | $300.00M | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $-277.40M | $-38.30M | $-486.70M | $65.30M | $-234.30M | $27.40M | $-157.80M | $32.40M | $29.50M | $516.65M | $2.39M |
| Net Change in Cash | $472.10M | $480.00M | $-18.10M | $-11.60M | $-73.30M | $153.70M | $74.80M | $-31.70M | $-112.00M | $171.06M | $9.16M |
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.