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 | $725.5M | $827.5M | $883.9M | $1.0B | $1.2B | $1.4B | $1.6B | $1.9B |
| YoY | — | — | — | — | +62.8% | +70.0% | +84.7% | +92.8% |
| Cost of goods sold | $146.6M | $174.5M | $173.0M | $192.9M | $207.3M | $216.0M | $215.8M | $296.9M |
| YoY | — | — | — | — | +41.4% | +23.8% | +24.7% | +53.9% |
| Gross profit | $578.9M | $653.0M | $710.9M | $810.8M | $973.8M | $1.2B | $1.4B | $1.6B |
| YoY | — | — | — | — | +68.2% | +82.4% | +99.3% | +102.1% |
| Research & development | $117.6M | $171.5M | $134.9M | $135.0M | $144.2M | $143.6M | $161.0M | $192.5M |
| YoY | — | — | — | — | +22.6% | -16.3% | +19.3% | +42.6% |
| Selling, general & administrative | $348.2M | $470.4M | $399.9M | $406.4M | $436.3M | $471.9M | $501.8M | $534.1M |
| YoY | — | — | — | — | +25.3% | +0.3% | +25.5% | +31.4% |
| Operating income | $113.1M | $11.0M | $176.0M | $269.3M | $393.3M | $575.4M | $754.0M | $912.0M |
| YoY | — | — | — | — | +247.7% | +5130.9% | +328.4% | +238.7% |
| Pretax income | $157.2M | $80.5M | $223.3M | $332.2M | $480.5M | $621.4M | $888.6M | $1.1B |
| YoY | — | — | — | — | +205.7% | +671.9% | +297.9% | +225.5% |
| Income tax | $7.8M | $3.6M | $5.6M | $3.6M | $3.8M | $9.8M | $12.2M | $15.4M |
| YoY | — | — | — | — | -51.3% | +172.2% | +117.9% | +327.8% |
| Net income | $143.5M | $79.0M | $214.0M | $326.7M | $475.6M | $608.7M | $870.5M | $1.1B |
| YoY | — | — | — | — | +231.4% | +670.5% | +306.8% | +225.0% |
| EPS — basic | $0.06 | — | $0.09 | $0.14 | $0.20 | — | $0.36 | $0.44 |
| YoY | — | — | — | — | +233.3% | — | +300.0% | +214.3% |
| EPS — diluted | $0.06 | — | $0.08 | $0.13 | $0.18 | — | $0.34 | $0.41 |
| YoY | — | — | — | — | +200.0% | — | +325.0% | +215.4% |
| Weighted shares — basic | 2.25B | — | 2.35B | 2.37B | 2.38B | — | 2.39B | 2.40B |
| Weighted shares — diluted | 2.46B | — | 2.55B | 2.56B | 2.57B | — | 2.57B | 2.57B |
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 | $768.7M | $2.1B | $993.5M | $929.5M | $1.6B | $1.4B | $2.3B | $2.0B |
| YoY | — | — | — | — | +110.2% | -32.2% | +130.7% | +118.4% |
| Marketable securities (current) | $3.8B | $3.1B | $4.4B | $5.1B | $4.8B | $5.8B | $5.7B | $7.4B |
| YoY | — | — | — | — | +27.0% | +83.7% | +29.2% | +45.5% |
| Accounts receivable | $668.1M | $575.0M | $725.2M | $747.5M | $1.0B | $1.0B | $1.4B | $1.5B |
| YoY | — | — | — | — | +50.6% | +81.2% | +93.8% | +98.7% |
| Inventory | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total current assets | $5.4B | $5.9B | $6.3B | $6.9B | $7.6B | $8.4B | $9.6B | $11.1B |
| YoY | — | — | — | — | +41.7% | +40.8% | +52.0% | +61.1% |
| Total assets | $5.8B | $6.3B | $6.7B | $7.4B | $8.1B | $8.9B | $10.2B | $11.7B |
| YoY | — | — | — | — | +40.7% | +40.4% | +51.4% | +58.6% |
| Total current liabilities | $943.5M | $996.0M | $967.4M | $1.1B | $1.2B | $1.2B | $1.4B | $1.5B |
| YoY | — | — | — | — | +25.1% | +18.0% | +43.0% | +40.9% |
| Total liabilities | $1.2B | $1.2B | $1.2B | $1.3B | $1.4B | $1.4B | $1.6B | $1.8B |
| YoY | — | — | — | — | +21.2% | +13.3% | +34.9% | +33.8% |
| Total equity | $4.5B | $5.0B | $5.4B | $5.9B | $6.6B | $7.4B | $8.4B | $9.8B |
| YoY | — | — | — | — | +46.5% | +47.6% | +55.8% | +64.9% |
| Shares outstanding | 2.27B | 2.34B | 2.36B | 2.37B | 2.38B | 2.39B | 2.40B | 2.40B |
| YoY | — | — | — | — | +5.0% | +2.2% | +1.6% | +1.3% |
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 | $419.8M | $460.3M | $310.3M | $539.3M | $507.7M | $777.3M | $899.2M | $1.2B |
| YoY | — | — | — | — | +20.9% | +68.9% | +189.8% | +125.5% |
| Capital expenditures | $4.0M | $3.1M | $6.2M | $7.6M | $6.8M | $13.3M | $7.4M | $14.6M |
| YoY | — | — | — | — | +70.0% | +329.0% | +19.4% | +92.1% |
| Free cash flow | $415.8M | $457.2M | $304.1M | $531.7M | $500.9M | $764.0M | $891.8M | $1.2B |
| YoY | — | — | — | — | +20.5% | +67.1% | +193.3% | +126.0% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $18.9M | $18.6M | $18.0M | $18.6M | $19.2M | $19.2M | — | — |
| YoY | — | — | — | — | +1.6% | +3.2% | — | — |
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 | 79.8% | 78.9% | 80.4% | 80.8% | 82.4% | 84.6% | 86.8% | 84.7% |
| Operating margin | 15.6% | 1.3% | 19.9% | 26.8% | 33.3% | 40.9% | 46.2% | 47.1% |
| Net margin | 19.8% | 9.5% | 24.2% | 32.5% | 40.3% | 43.3% | 53.3% | 54.9% |
| Free cash flow margin | 57.3% | 55.3% | 34.4% | 53.0% | 42.4% | 54.3% | 54.6% | 62.1% |
| Effective tax rate | 5.0% | 4.5% | 2.5% | 1.1% | 0.8% | 1.6% | 1.4% | 1.4% |
| Current ratio | 5.67x | 5.96x | 6.49x | 6.32x | 6.43x | 7.11x | 6.91x | 7.23x |
| Total liabilities / equity | 0.26x | 0.25x | 0.22x | 0.23x | 0.22x | 0.19x | 0.19x | 0.18x |
Peer comparison — latest full year
Same sector (Information Technology), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| PLTR FY25 · this stock | $4.5B | +56.2% | 82.4% | 31.6% | 36.3% | 46.9% |
| AAPL FY25 | $416.2B | +6.4% | 46.9% | 32.0% | 26.9% | 23.7% |
| MSFT FY26 | $331.8B | +17.8% | 67.9% | 46.8% | 40.3% | 20.2% |
| NVDA FY26 | $215.9B | +65.5% | 71.1% | 60.4% | 55.6% | — |
| MU FY26 | $133.2B | +256.3% | 80.7% | 74.6% | 63.8% | 44.3% |
| IBM FY25 | $67.5B | +7.6% | 58.2% | — | 15.7% | 17.9% |
| ORCL FY26 | $67.4B | +17.3% | — | 30.6% | 25.4% | -35.2% |
| CSCO FY26 | $63.3B | +11.8% | 64.5% | 24.3% | 21.0% | 20.2% |
| INTC FY25 | $52.9B | -0.5% | 34.8% | -4.2% | -0.5% | -9.4% |
| AVGO FY24 | $51.6B | +44.0% | 63.0% | 26.1% | — | 37.6% |
| QCOM FY25 | $44.3B | +13.7% | — | 27.9% | 12.5% | — |
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.