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 | $1.2B | $1.6B | $1.9B | $2.4B | $2.9B |
| YoY | — | +31.9% | +23.3% | +25.6% | +18.5% |
| Cost of goods sold | $221.6M | $281.1M | $365.6M | $472.0M | $619.1M |
| YoY | — | +26.9% | +30.1% | +29.1% | +31.2% |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | $226.1M | $319.9M | $411.8M | $463.3M | $525.1M |
| YoY | — | +41.5% | +28.7% | +12.5% | +13.3% |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | $124.8M | $113.7M | $200.5M | $427.2M | $589.3M |
| YoY | — | -8.9% | +76.3% | +113.1% | +37.9% |
| Pretax income | $122.0M | $127.4M | $268.0M | $507.3M | $658.8M |
| YoY | — | +4.4% | +110.4% | +89.3% | +29.9% |
| Income tax | $-15.7M | $74.0M | $89.1M | $114.2M | $215.5M |
| YoY | — | +571.3% | +20.4% | +28.2% | +88.7% |
| Net income | $137.8M | $53.4M | $178.9M | $393.1M | $443.3M |
| YoY | — | -61.2% | +235.0% | +119.7% | +12.8% |
| EPS — basic | $0.29 | $0.11 | $0.37 | $0.80 | $0.91 |
| YoY | — | -62.1% | +236.4% | +116.2% | +13.7% |
| EPS — diluted | $0.28 | $0.11 | $0.36 | $0.78 | $0.90 |
| YoY | — | -60.7% | +227.3% | +116.7% | +15.4% |
| Weighted shares — basic | 476.9M | 486.9M | 489.3M | 490.9M | 488.3M |
| Weighted shares — diluted | 498.5M | 499.9M | 500.2M | 501.9M | 493.6M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $754.2M | $1.0B | $895.1M | $1.4B | $658.2M |
| YoY | — | +36.6% | -13.1% | +53.0% | -51.9% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $2.0B | $2.3B | $2.9B | $3.3B | $3.8B |
| YoY | — | +16.2% | +22.3% | +16.0% | +13.2% |
| Inventory | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total current assets | $3.1B | $3.8B | $4.3B | $5.3B | $5.3B |
| YoY | — | +24.4% | +12.2% | +23.7% | -1.4% |
| Total assets | $3.6B | $4.4B | $4.9B | $6.1B | $6.2B |
| YoY | — | +22.5% | +11.6% | +25.0% | +0.7% |
| Total current liabilities | $1.8B | $2.0B | $2.5B | $2.9B | $3.3B |
| YoY | — | +12.5% | +23.7% | +14.4% | +13.7% |
| Total liabilities | $2.0B | $2.3B | $2.7B | $3.2B | $3.7B |
| YoY | — | +10.5% | +20.3% | +16.1% | +16.0% |
| Total equity | $1.5B | $2.1B | $2.2B | $2.9B | $2.5B |
| YoY | — | +38.5% | +2.3% | +36.3% | -15.8% |
| 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 | $378.5M | $548.7M | $598.3M | $739.5M | $992.7M |
| YoY | — | +45.0% | +9.0% | +23.6% | +34.2% |
| Capital expenditures | $54.8M | $84.2M | $46.8M | $98.2M | $197.0M |
| YoY | — | +53.6% | -44.4% | +109.8% | +100.6% |
| Free cash flow | $323.7M | $464.5M | $551.5M | $641.3M | $795.7M |
| YoY | — | +43.5% | +18.7% | +16.3% | +24.1% |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | $0 | $0 | $646.6M | $234.8M | $1.4B |
| YoY | — | — | — | -63.7% | +487.9% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | 10.4% | 7.2% | 10.3% | 17.5% | 20.3% |
| Net margin | 11.5% | 3.4% | 9.2% | 16.1% | 15.3% |
| Free cash flow margin | 27.1% | 29.4% | 28.3% | 26.2% | 27.5% |
| Effective tax rate | -12.9% | 58.1% | 33.2% | 22.5% | 32.7% |
| Current ratio | 1.71x | 1.90x | 1.72x | 1.86x | 1.61x |
| Total liabilities / equity | 1.34x | 1.07x | 1.26x | 1.07x | 1.48x |
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 |
|---|---|---|---|---|---|---|
| TTD FY25 · this stock | $2.9B | +18.5% | — | 20.3% | 15.3% | 27.5% |
| 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.