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Information Technology · Software · US listing · 🇺🇸 United States
S&P 500Nasdaq-100
410.00
+4.80%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$5.48bn
FY2018FY2025
Net income
$3.33bn
FY2018FY2025
Free cash flow
$3.94bn
FY2018FY2025
Shareholders' equity
$2.13bn
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.48bn | $3.22bn | $1.84bn | $2.82bn | $2.79bn | $1.45bn | $994.1m | $483.4m |
| Gross profit | $4.82bn | $2.70bn | $1.49bn | $1.56bn | $1.81bn | $895.5m | $752.8m | $429.6m |
| Research and development | $226.5m | $374.7m | $333.8m | $507.6m | $366.4m | $180.7m | $45.0m | $16.3m |
| Operating income | $4.15bn | $1.91bn | $772.4m | −$47.8m | $149.5m | −$62.0m | $194.4m | $242.4m |
| Net income | $3.33bn | $1.58bn | $357.2m | −$192.7m | $35.4m | −$125.2m | $119.0m | −$260.0m |
| Diluted earnings per share | 9.81 | 4.56 | 1.03 | -0.51 | 0.10 | -0.57 | 0.59 | -0.80 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $7.26bn | $5.87bn | $5.36bn | $5.85bn | $6.16bn | $2.15bn | $1.20bn | $536.9m |
| Cash and short-term investments | $2.49bn | $741.4m | $502.2m | $1.08bn | $1.52bn | $317.2m | $396.2m | $276.1m |
| Total liabilities | $5.12bn | $4.78bn | $4.10bn | $3.95bn | $4.03bn | $2.31bn | $1.46bn | $915.2m |
| Debt | $3.51bn | $3.51bn | $3.30bn | $3.32bn | $3.30bn | $1.62bn | $1.18bn | $792.7m |
| Shareholders' equity | $2.13bn | $1.09bn | $1.26bn | $1.90bn | $2.14bn | −$158.5m | −$256.6m | −$378.4m |
| Shares outstanding | 340m | 346m | 347m | 375m | 343m | 221m | 201m | 324m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | $3.97bn | $2.10bn | $1.06bn | $412.8m | $361.9m | $222.9m | $198.5m | $139.0m |
| Capital spending | −$28.3m | −$4.8m | −$4.2m | −$662,000 | −$5.5m | −$3.2m | −$3.4m | −$1.4m |
| Free cash flow | $3.94bn | $2.09bn | $1.06bn | $412.1m | $356.4m | $219.6m | $195.1m | $137.6m |
| Dividends paid | — | — | — | — | −$2.9m | −$483.6m | −$2.6m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.92bn | $1.84bn | $1.66bn | $1.41bn | $1.26bn | $1.16bn | $1.37bn | $835.2m |
| Gross profit | $1.70bn | $1.64bn | $1.47bn | $1.23bn | $1.10bn | $1.01bn | $1.05bn | $714.3m |
| Operating income | $1.55bn | $1.44bn | $1.28bn | $1.08bn | $957.7m | $840.0m | $608.0m | $534.3m |
| Net income | $1.27bn | $1.21bn | $1.10bn | $835.5m | $819.5m | $576.4m | $599.2m | $434.4m |
| Diluted earnings per share | 3.75 | 3.57 | 3.24 | 2.46 | 2.41 | 1.70 | 1.73 | 1.25 |
| Cash from operations | $869.0m | $1.29bn | $1.31bn | $1.05bn | $772.0m | $831.0m | $701.0m | $550.0m |
| Capital spending | — | — | −$28.0m | — | — | — | −$4.0m | −$3.0m |
| Free cash flow | — | — | $1.28bn | — | — | — | $697.0m | $547.0m |
| Total assets | $8.27bn | $7.71bn | $7.26bn | $6.34bn | $5.96bn | $5.71bn | $5.87bn | $5.44bn |
| Cash and short-term investments | $3.05bn | $2.76bn | $2.49bn | $1.67bn | $1.19bn | $551.0m | $741.4m | $567.6m |
| Debt | $3.52bn | $3.51bn | $3.53bn | $3.51bn | $3.51bn | $3.71bn | $3.52bn | $3.51bn |
| Shareholders' equity | $3.16bn | $2.36bn | $2.13bn | $1.47bn | $1.17bn | $575.4m | $1.09bn | $938.2m |
Financial ratios
Data as of 6 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 87.9% | 83.9% | 80.6% | 55.4% | 64.6% | 61.7% |
| Operating margin | 75.8% | 59.3% | 41.9% | -1.7% | 5.4% | -4.3% |
| Net margin | 60.8% | 49.0% | 19.4% | -6.8% | 1.3% | -8.6% |
| Return on equity | 156.2% | 145.0% | 28.4% | -10.1% | 1.7% | 79.0% |
| Return on assets | 45.9% | 26.9% | 6.7% | -3.3% | 0.6% | -5.8% |
| Free cash flow yield | 3.7% | 1.9% | 1.0% | 0.3% | 0.3% | 0.3% |
| Revenue growth | 70.0% | 75.1% | -34.6% | 0.9% | 92.5% | 46.0% |
| Earnings growth | 111.0% | 342.3% | -285.3% | -643.8% | -128.3% | -205.2% |
| Current ratio | 3.32x | 2.19x | 1.71x | 3.35x | 5.05x | 1.11x |
| Debt to equity | 1.65x | 3.23x | 2.49x | 1.70x | 1.53x | -10.24x |
| Equity ratio | 29.4% | 18.6% | 23.4% | 32.5% | 34.7% | -7.4% |
| Interest coverage | 20.06x | 6.02x | 2.82x | -0.28x | 1.45x | -0.80x |
| R&D as a share of sales | 4.1% | 11.6% | 18.1% | 18.0% | 13.1% | 12.4% |
| Buybacks as a share of market value | 1.9% | 0.3% | 7.3% | -9.4% | -55.3% | -9.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 24.8% | 30.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 86.4% | 79.1% | 75.3% | — |
| Operating margin | 69.6% | 50.8% | 39.0% | — |
| Net margin | 56.4% | 38.0% | 28.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 68.7 | 71.0 | 38.8 | -20.5 | — |
| Price to sales | 41.8 | 34.8 | 7.5 | 1.4 | 11.6 |
Market value over time
30 Apr 2021 to 4 Sept 2026, in USD
$12.88bn$108.31bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | 122% | 618% | 360% | -89% | 34% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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