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.
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Revenue | $3.5B | $5.3B | $5.3B | $5.6B | $6.7B |
| YoY | — | +52.6% | -0.0% | +5.3% | +18.2% |
| Cost of goods sold | $1.5B | $3.1B | $3.1B | $2.6B | $2.8B |
| YoY | — | +99.6% | +1.4% | -17.3% | +10.7% |
| Gross profit | $2.0B | $2.3B | $2.2B | $3.1B | $3.8B |
| YoY | — | +16.0% | -1.9% | +36.6% | +24.4% |
| Research & development | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | $473.6M | $-1.2B | $-3.6B | $-4.4B | $-104.2M |
| YoY | — | -346.0% | -208.2% | -22.3% | +97.6% |
| Pretax income | $465.4M | $-1.3B | $-3.7B | $-4.5B | $-197.8M |
| YoY | — | -387.5% | -176.7% | -21.3% | +95.6% |
| Income tax | $47.4M | $-213.4M | $41.4M | $-12.4M | $100.4M |
| YoY | — | -550.2% | +119.4% | -130.0% | +909.7% |
| Net income | $418.0M | $-1.1B | $-3.7B | $-4.5B | $-298.2M |
| YoY | — | -369.1% | -232.9% | -19.6% | +93.3% |
| EPS — basic | $3.62 | $-7.03 | $-22.01 | $-25.58 | $-1.62 |
| YoY | — | -294.2% | -213.1% | -16.2% | +93.7% |
| EPS — diluted | $3.58 | $-7.03 | $-22.01 | $-25.58 | $-1.62 |
| YoY | — | -296.4% | -213.1% | -16.2% | +93.7% |
| Weighted shares — basic | 115.5M | 159.9M | 170.1M | 175.1M | 183.9M |
| Weighted shares — diluted | — | — | — | — | — |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Cash & equivalents | $1.7B | $827.4M | $754.0M | $1.5B | $1.5B |
| YoY | — | -52.2% | -8.9% | +93.1% | +6.1% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $579.4M | $763.2M | $679.7M | $771.1M | $737.0M |
| YoY | — | +31.7% | -10.9% | +13.4% | -4.4% |
| Inventory | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total current assets | $3.9B | $2.5B | $2.3B | $2.8B | $3.2B |
| YoY | — | -35.2% | -9.9% | +24.6% | +13.6% |
| Total assets | $6.5B | $15.9B | $12.2B | $9.2B | $9.4B |
| YoY | — | +142.3% | -23.0% | -24.9% | +2.2% |
| Total current liabilities | $2.1B | $3.9B | $2.4B | $3.6B | $2.6B |
| YoY | — | +83.0% | -37.5% | +50.3% | -28.4% |
| Total liabilities | $2.7B | $6.8B | $6.5B | $7.0B | $5.9B |
| YoY | — | +149.2% | -4.0% | +7.5% | -16.6% |
| Total equity | $3.8B | $9.0B | $5.7B | $2.1B | $3.5B |
| YoY | — | +137.4% | -37.3% | -62.3% | +64.2% |
| Shares outstanding | 115.4M | 168.9M | 170.8M | 177.1M | 185.4M |
| YoY | — | +46.4% | +1.1% | +3.7% | +4.7% |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Operating cash flow | $258.0M | $1.1M | $-16.1M | $-45.2M | $624.3M |
| YoY | — | -99.6% | -1563.6% | -180.7% | +1481.2% |
| Capital expenditures | $158.6M | $204.2M | $141.7M | $169.4M | $162.8M |
| YoY | — | +28.8% | -30.6% | +19.5% | -3.9% |
| Free cash flow | $99.4M | $-203.1M | $-157.8M | $-214.6M | $461.5M |
| YoY | — | -304.3% | +22.3% | -36.0% | +315.1% |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | — | — | — | — | — |
| YoY | — | — | — | — | — |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Gross margin | 56.2% | 42.7% | 41.9% | 54.4% | 57.2% |
| Operating margin | 13.5% | -21.8% | -67.1% | -77.9% | -1.6% |
| Net margin | 11.9% | -21.0% | -70.0% | -79.5% | -4.5% |
| Free cash flow margin | 2.8% | -3.8% | -2.9% | -3.8% | 6.9% |
| Effective tax rate | 10.2% | 15.9% | -1.1% | 0.3% | -50.8% |
| Current ratio | 1.84x | 0.65x | 0.94x | 0.78x | 1.24x |
| Total liabilities / equity | 0.72x | 0.75x | 1.16x | 3.29x | 1.67x |
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 |
|---|---|---|---|---|---|---|
| TTWO FY26 · this stock | $6.7B | +18.2% | 57.2% | -1.6% | -4.5% | 6.9% |
| 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.