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.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $2.6B | $2.8B | $3.1B | $3.6B | $4.2B |
| YoY | — | +8.7% | +9.0% | +19.3% | +15.8% |
| Cost of goods sold | $529.3M | $678.6M | $688.8M | $750.4M | $841.5M |
| YoY | — | +28.2% | +1.5% | +8.9% | +12.1% |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | $780.3M | $949.0M | $1.1B | $1.2B | $1.4B |
| YoY | — | +21.6% | +12.6% | +16.1% | +15.1% |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | $326.2M | $-101.7M | $-125.7M | $179.8M | $319.9M |
| YoY | — | -131.2% | -23.6% | +243.0% | +77.9% |
| Pretax income | $321.0M | $-85.9M | $-16.4M | $287.6M | $445.9M |
| YoY | — | -126.8% | +80.9% | +1853.7% | +55.0% |
| Income tax | $4.5M | $10.1M | $19.2M | $-1.6B | $29.0M |
| YoY | — | +124.4% | +90.1% | -8300.5% | +101.8% |
| Net income | $316.4M | $-96.0M | $-35.6M | $1.9B | $416.9M |
| YoY | — | -130.3% | +62.9% | +5330.6% | -77.6% |
| EPS — basic | $0.49 | $-0.14 | $-0.05 | $2.74 | $0.62 |
| YoY | — | -128.6% | +64.3% | +5580.0% | -77.4% |
| EPS — diluted | $0.46 | $-0.14 | $-0.05 | $2.67 | $0.61 |
| YoY | — | -130.4% | +64.3% | +5440.0% | -77.2% |
| Weighted shares — basic | 640.0M | 665.7M | 674.6M | 678.8M | 674.7M |
| Weighted shares — diluted | 691.7M | 665.7M | 674.6M | 698.4M | 687.8M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $1.4B | $1.6B | $1.4B | $1.1B | $969.3M |
| YoY | — | +13.5% | -15.5% | -16.6% | -14.7% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $653.4M | $681.5M | $763.2M | $893.4M | $997.8M |
| YoY | — | +4.3% | +12.0% | +17.1% | +11.7% |
| Inventory | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total current assets | $3.2B | $3.5B | $3.3B | $3.5B | $3.6B |
| YoY | — | +8.6% | -3.4% | +4.4% | +2.0% |
| Total assets | $3.5B | $3.9B | $3.6B | $5.3B | $5.5B |
| YoY | — | +9.2% | -6.9% | +48.6% | +2.8% |
| Total current liabilities | $259.8M | $380.5M | $317.1M | $398.1M | $465.5M |
| YoY | — | +46.5% | -16.7% | +25.5% | +16.9% |
| Total liabilities | $498.5M | $581.1M | $503.7M | $591.5M | $746.9M |
| YoY | — | +16.6% | -13.3% | +17.4% | +26.3% |
| Total equity | $3.0B | $3.3B | $3.1B | $4.8B | $4.7B |
| YoY | — | +8.0% | -5.8% | +53.7% | -0.1% |
| Shares outstanding | — | — | — | — | — |
| YoY | — | — | — | — | — |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Operating cash flow | $752.9M | $469.2M | $613.0M | $964.6M | $1.3B |
| YoY | — | -37.7% | +30.6% | +57.4% | +33.1% |
| Capital expenditures | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Free cash flow | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | $0 | $0 | $500.0M | $600.2M | $927.0M |
| YoY | — | — | — | +20.0% | +54.4% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | 12.7% | -3.6% | -4.1% | 4.9% | 7.6% |
| Net margin | 12.3% | -3.4% | -1.2% | 51.1% | 9.9% |
| Free cash flow margin | — | — | — | — | — |
| Effective tax rate | 1.4% | -11.8% | -117.1% | -547.5% | 6.5% |
| Current ratio | 12.25x | 9.08x | 10.53x | 8.75x | 7.64x |
| Total liabilities / equity | 0.16x | 0.18x | 0.16x | 0.12x | 0.16x |
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 |
|---|---|---|---|---|---|---|
| PINS FY25 · this stock | $4.2B | +15.8% | — | 7.6% | 9.9% | — |
| 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% |
| LYV FY25 | $25.2B | +8.8% | — | 5.0% | 2.0% | 1.3% |
| OMC FY25 | $17.3B | +10.1% | — | 2.6% | -0.3% | 16.1% |
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.