Revenue vs Net income
Reported dollars from 10-Q / 10-K filings. Q4 bars are derived (annual less nine months) where the 10-K does not tag Q4 separately.
Margin trend
Gross, operating and net margin. Margins are derived from reported dollars.
Revenue YoY growth
Year-over-year change vs the same quarter (or fiscal year) a year earlier. Shown where the prior-year period is in the 8-quarter snapshot (latest four quarters).
Income statement
From 10-Q / 10-K XBRL. Values in reported dollars; EPS in $/share; share counts in shares.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.7B | $5.7B | $3.4B | $7.0B | $8.5B | $6.3B | $3.8B | $7.7B |
| YoY | — | — | — | — | +11.1% | +11.1% | +12.1% | +9.4% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | $1.0B | $1.1B | $778.9M | $1.0B | $1.0B | $1.3B | $961.5M | $1.1B |
| YoY | — | — | — | — | +0.3% | +15.1% | +23.4% | +13.1% |
| Operating income | $639.5M | $-239.4M | $114.8M | $486.7M | $792.5M | $-142.7M | $-370.5M | $521.9M |
| YoY | — | — | — | — | +23.9% | +40.4% | -422.7% | +7.2% |
| Pretax income | $585.9M | $-301.2M | $66.0M | $420.4M | $729.8M | $-185.7M | $-412.1M | $518.6M |
| YoY | — | — | — | — | +24.6% | +38.3% | -724.4% | +23.4% |
| Income tax | $70.2M | $-583.1M | $19.7M | $117.6M | $251.8M | $-49.4M | $-32.1M | $115.7M |
| YoY | — | — | — | — | +258.7% | +91.5% | -262.9% | -1.6% |
| Net income | $451.8M | $201.0M | $23.2M | $243.4M | $431.5M | $-202.1M | $-389.1M | $294.4M |
| YoY | — | — | — | — | -4.5% | -200.5% | -1777.2% | +21.0% |
| EPS — basic | $1.72 | — | $-0.32 | $0.41 | $0.74 | — | $-1.85 | $1.06 |
| YoY | — | — | — | — | -57.0% | — | -478.1% | +158.5% |
| EPS — diluted | $1.66 | — | $-0.32 | $0.41 | $0.73 | — | $-1.85 | $1.05 |
| YoY | — | — | — | — | -56.0% | — | -478.1% | +156.1% |
| Weighted shares — basic | 230.4M | — | 231.2M | 231.8M | 232.0M | — | 232.4M | 232.8M |
| Weighted shares — diluted | 245.3M | — | 231.2M | 234.4M | 234.8M | — | 232.4M | 244.0M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $5.5B | $6.1B | $7.2B | $7.1B | $6.8B | $7.1B | $9.1B | $9.1B |
| YoY | — | — | — | — | +23.0% | +16.4% | +26.8% | +28.6% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $2.7B | $1.7B | $1.9B | $2.5B | $2.6B | $2.0B | $2.0B | $2.9B |
| YoY | — | — | — | — | -3.2% | +15.0% | +6.2% | +17.1% |
| Inventory | — | $50.1M | — | — | — | $56.6M | — | — |
| YoY | — | — | — | — | — | +13.0% | — | — |
| Total current assets | $9.8B | $9.3B | $11.1B | $11.8B | $11.3B | $11.0B | $13.6B | $15.0B |
| YoY | — | — | — | — | +15.7% | +18.1% | +23.2% | +26.5% |
| Total assets | $19.7B | $19.6B | $21.8B | $23.2B | $22.9B | $22.9B | $26.1B | $28.2B |
| YoY | — | — | — | — | +15.9% | +16.7% | +19.4% | +21.7% |
| Total current liabilities | $9.7B | $9.4B | $11.5B | $13.5B | $12.3B | $11.0B | $15.4B | $17.6B |
| YoY | — | — | — | — | +26.8% | +17.9% | +33.9% | +30.5% |
| Total liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total equity | $288.0M | $173.3M | $106.0M | $360.1M | $521.3M | $271.0M | $-139.4M | $82.3M |
| YoY | — | — | — | — | +81.0% | +56.4% | -231.5% | -77.1% |
| Shares outstanding | — | 234.4M | — | — | — | 235.4M | — | — |
| YoY | — | — | — | — | — | +0.4% | — | — |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $-720.9M | $1.0B | $1.3B | $223.5M | $-95.7M | $-53.7M | $2.3B | $419.3M |
| YoY | — | — | — | — | +86.7% | -105.1% | +77.0% | +87.6% |
| Capital expenditures | $158.1M | $154.9M | $170.8M | $263.4M | $275.6M | $351.9M | $309.0M | $289.5M |
| YoY | — | — | — | — | +74.3% | +127.2% | +80.9% | +9.9% |
| Free cash flow | $-879.0M | $890.2M | $1.2B | $-39.9M | $-371.3M | $-405.6M | $2.0B | $129.8M |
| YoY | — | — | — | — | +57.8% | -145.6% | +76.4% | +425.3% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
Margins & ratios
Derived from the reported dollars above — no separate source.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | 8.4% | -4.2% | 3.4% | 6.9% | 9.3% | -2.3% | -9.8% | 6.8% |
| Net margin | 5.9% | 3.5% | 0.7% | 3.5% | 5.1% | -3.2% | -10.3% | 3.8% |
| Free cash flow margin | -11.5% | 15.7% | 34.0% | -0.6% | -4.4% | -6.4% | 53.5% | 1.7% |
| Effective tax rate | 12.0% | 193.6% | 29.8% | 28.0% | 34.5% | 26.6% | 7.8% | 22.3% |
| Current ratio | 1.01x | 0.99x | 0.96x | 0.88x | 0.92x | 1.00x | 0.88x | 0.85x |
| Total liabilities / equity | — | — | — | — | — | — | — | — |
Peer comparison — latest full year
Same sector (Communication Services), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| LYV FY25 · this stock | $25.2B | +8.8% | — | 5.0% | 2.0% | 1.3% |
| GOOGL FY25 | $402.8B | +15.1% | — | 32.0% | 32.8% | 18.2% |
| META FY25 | $201.0B | +22.2% | — | 41.4% | 30.1% | 22.9% |
| VZ FY25 | $138.2B | +2.5% | — | 21.2% | 12.4% | — |
| T FY25 | $125.6B | +2.7% | — | 19.2% | 17.5% | — |
| DIS FY25 | $94.4B | +3.4% | — | 18.6% | 13.1% | — |
| TMUS FY25 | $88.3B | +8.5% | — | 20.7% | 12.4% | 20.4% |
| CHTR FY25 | $54.8B | -0.6% | — | 23.6% | 9.1% | 8.1% |
| NFLX FY25 | $45.2B | +15.9% | — | 29.5% | 24.3% | 20.9% |
| OMC FY25 | $17.3B | +10.1% | — | 2.6% | -0.3% | 16.1% |
| FOXA FY23 | $14.9B | +6.7% | — | — | — | 9.7% |
Source: SEC EDGAR XBRL company facts (10-Q / 10-K), snapshot generated 2026-11-03 for 218 tickers. Q4 values are derived as the 10-K annual less the first nine months, since Q4 is not separately tagged in company facts; cash-flow quarterly values are derived from year-to-date filings the same way. Free cash flow = operating cash flow − capital expenditures. Blank cells mean the filing does not report that line item under a standard US-GAAP tag — nothing is estimated or filled in. Descriptive research, not investment advice. How EarnIQ builds fundamentals.