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 | $1.4B | $1.6B | $1.4B | $1.3B | $1.5B | $1.7B | $1.5B | $1.6B |
| YoY | — | — | — | — | +9.8% | +10.2% | +12.1% | +18.9% |
| Cost of goods sold | $638.9M | $671.7M | $639.6M | $653.3M | $674.2M | $702.4M | $665.2M | $667.9M |
| YoY | — | — | — | — | +5.5% | +4.6% | +4.0% | +2.2% |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | $412.8M | $422.9M | $424.2M | $443.3M | $453.4M | $472.7M | $478.3M | $542.1M |
| YoY | — | — | — | — | +9.8% | +11.8% | +12.8% | +22.3% |
| Selling, general & administrative | $494.1M | $489.6M | $493.3M | $507.9M | $507.6M | $491.6M | $459.7M | $559.7M |
| YoY | — | — | — | — | +2.7% | +0.4% | -6.8% | +10.2% |
| Operating income | $-173.2M | $-26.9M | $-193.8M | $-259.7M | $-128.4M | $49.7M | $-74.4M | $-170.7M |
| YoY | — | — | — | — | +25.9% | +284.8% | +61.6% | +34.3% |
| Pretax income | $-144.9M | $14.3M | $-131.2M | $-254.9M | $-103.0M | $38.0M | $-85.8M | $-161.5M |
| YoY | — | — | — | — | +28.9% | +165.7% | +34.6% | +36.6% |
| Income tax | $8.3M | $5.2M | $8.4M | $7.7M | $500K | $-7.2M | $3.2M | $2.5M |
| YoY | — | — | — | — | -94.0% | -238.5% | -61.9% | -67.5% |
| Net income | $-153.2M | $9.1M | $-139.6M | $-262.6M | $-103.5M | $45.2M | $-89.0M | $-164.0M |
| YoY | — | — | — | — | +32.4% | +396.7% | +36.2% | +37.5% |
| EPS — basic | $-0.09 | — | $-0.08 | $-0.16 | $-0.06 | — | $-0.05 | $-0.10 |
| YoY | — | — | — | — | +33.3% | — | +37.5% | +37.5% |
| EPS — diluted | $-0.09 | — | $-0.08 | $-0.16 | $-0.06 | — | $-0.05 | $-0.10 |
| YoY | — | — | — | — | +33.3% | — | +37.5% | +37.5% |
| Weighted shares — basic | 1.66B | — | 1.70B | 1.67B | 1.70B | — | 1.69B | 1.66B |
| Weighted shares — diluted | 1.66B | — | 1.70B | 1.67B | 1.70B | — | 1.69B | 1.66B |
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 | $965.0M | $1.0B | $911.2M | $926.0M | $953.3M | $1.0B | $1.1B | $958.8M |
| YoY | — | — | — | — | -1.2% | -1.5% | +16.5% | +3.5% |
| Marketable securities (current) | $2.2B | $2.3B | $2.3B | $2.0B | $2.0B | $1.9B | $1.8B | $1.7B |
| YoY | — | — | — | — | -8.4% | -18.0% | -23.3% | -13.5% |
| Accounts receivable | $1.2B | $1.3B | $1.2B | $1.2B | $1.2B | $1.4B | $1.2B | $1.2B |
| YoY | — | — | — | — | +4.4% | +1.8% | +2.6% | +6.2% |
| Inventory | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total current assets | $4.6B | $4.9B | $4.6B | $4.3B | $4.5B | $4.6B | $4.3B | $4.2B |
| YoY | — | — | — | — | -2.4% | -6.6% | -6.5% | -1.8% |
| Total assets | $7.6B | $7.9B | $7.6B | $7.4B | $7.6B | $7.7B | $7.5B | $7.5B |
| YoY | — | — | — | — | -0.2% | -3.3% | -1.2% | +1.0% |
| Total current liabilities | $1.1B | $1.2B | $1.1B | $1.1B | $1.2B | $1.3B | $1.2B | $1.4B |
| YoY | — | — | — | — | +7.4% | +3.5% | +14.1% | +29.9% |
| Total liabilities | $5.4B | $5.5B | $5.3B | $5.3B | $5.4B | $5.4B | $5.4B | $5.5B |
| YoY | — | — | — | — | -0.6% | -1.6% | +2.6% | +4.0% |
| Total equity | $2.2B | $2.5B | $2.3B | $2.1B | $2.2B | $2.3B | $2.1B | $1.9B |
| YoY | — | — | — | — | +0.8% | -6.9% | -9.8% | -6.9% |
| Shares outstanding | 1.72B | 1.74B | 1.73B | 1.73B | 1.76B | 1.76B | 1.74B | 1.73B |
| YoY | — | — | — | — | +2.1% | +1.1% | +0.5% | -0.1% |
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 | $115.9M | $230.6M | $151.6M | $88.5M | $146.5M | $269.6M | $326.8M | $176.2M |
| YoY | — | — | — | — | +26.4% | +16.9% | +115.6% | +99.1% |
| Capital expenditures | $44.0M | $48.3M | $37.2M | $64.7M | $53.0M | $64.0M | $40.8M | $55.7M |
| YoY | — | — | — | — | +20.5% | +32.5% | +9.7% | -13.9% |
| Free cash flow | $71.9M | $182.3M | $114.4M | $23.8M | $93.5M | $205.6M | $286.0M | $120.5M |
| YoY | — | — | — | — | +30.0% | +12.8% | +150.0% | +406.3% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $0 | $0 | $257.1M | $243.5M | $0 | $250.3M | $350.5M | $250.5M |
| YoY | — | — | — | — | — | — | +36.3% | +2.9% |
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 | -12.6% | -1.7% | -14.2% | -19.3% | -8.5% | 2.9% | -4.9% | -10.7% |
| Net margin | -11.2% | 0.6% | -10.2% | -19.5% | -6.9% | 2.6% | -5.8% | -10.3% |
| Free cash flow margin | 5.2% | 11.7% | 8.4% | 1.8% | 6.2% | 12.0% | 18.7% | 7.5% |
| Effective tax rate | -5.7% | 36.4% | -6.4% | -3.0% | -0.5% | -18.9% | -3.7% | -1.5% |
| Current ratio | 4.04x | 3.95x | 4.30x | 3.88x | 3.67x | 3.56x | 3.53x | 2.94x |
| Total liabilities / equity | 2.43x | 2.24x | 2.28x | 2.58x | 2.40x | 2.37x | 2.60x | 2.88x |
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 |
|---|---|---|---|---|---|---|
| SNAP FY25 · this stock | $5.9B | +10.6% | — | -9.0% | -7.8% | 7.4% |
| 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.