PDD Holdings Inc. logo PDD - PDD Holdings Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 13
HOLD 14
SELL 1
STRONG
SELL
0
| PRICE TARGET: $106.50 DETAILS
HIGH: $136.00
LOW: $80.00
MEDIAN: $105.00
CONSENSUS: $106.50
UPSIDE: 23.94%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1
Revenue
Revenue 105,586.5 123,912.2 108,276.5 103,984.8 95,672.2 110,610.1 99,354.4 97,059.5 86,812.1 88,881.0 68,840.4 52,280.7 37,637.1 39,820.0 35,504.3 31,439.6 23,793.7 27,230.9 21,505.8 23,046.2 22,167.1 26,547.7 14,209.8 12,193.3 6,541.1 10,792.7 7,513.9 7,290.0 4,545.2 5,653.9 3,372.4 2,709.0 1,384.6 1,179.4 423.0 104.6 37.0
Cost of Revenue 46,609.4 55,155.6 46,840.2 45,858.9 40,947.1 47,798.4 39,709.2 33,698.1 32,694.7 35,078.3 26,830.2 18,689.8 11,125.3 8,926.7 7,414.1 7,961.9 7,159.6 6,515.5 6,558.6 7,897.9 10,746.0 11,526.1 3,260.2 2,662.1 1,830.2 2,037.4 1,833.3 1,594.7 873.3 1,424.0 774.7 387.8 318.7 374.0 186.8 107.6 54.4
Gross Profit 58,977.1 68,756.6 61,436.4 58,125.9 54,725.1 62,811.7 59,645.2 63,361.4 54,117.4 53,802.8 42,010.1 33,591.0 26,511.8 30,893.3 28,090.2 23,477.7 16,634.1 20,715.4 14,947.1 15,148.3 11,421.0 15,021.6 10,949.6 9,531.2 4,710.8 8,755.3 5,680.6 5,695.3 3,671.9 4,229.9 2,597.7 2,321.2 1,065.9 805.4 236.3 (3.0) (17.4)
Operating Expenses
R&D Expenses 4,391.3 4,994.9 4,332.2 3,591.3 3,577.8 3,777.2 3,063.4 2,909.2 2,909.6 2,864.4 2,847.3 2,734.0 2,506.7 2,406.7 2,698.2 2,611.4 2,668.5 2,022.6 2,422.4 2,328.8 2,218.7 1,951.3 1,804.9 1,662.4 1,473.2 1,272.4 1,127.2 803.7 667.1 525.2 332.0 186.0 72.8 52.5 35.8 24.9 16.0
SG&A Expenses 33,568.7 37,564.0 32,078.3 28,741.7 35,061.7 33,442.3 32,289.4 27,887.7 25,234.1 28,543.4 22,506.8 18,138.2 17,076.1 19,372.9 14,955.4 12,169.2 11,811.2 11,785.8 10,385.4 10,822.0 13,349.3 15,118.1 10,440.5 9,508.4 7,634.9 9,618.2 7,345.4 6,382.0 5,125.3 6,345.6 3,535.2 8,771.4 1,246.2 765.6 434.9 94.9 182.5
Other Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10 0 0 0
Operating Expenses 37,960.0 42,558.9 36,410.4 32,333 38,639.5 37,219.5 35,352.7 30,796.9 28,143.7 31,407.8 25,354.1 20,872.2 19,582.7 21,779.6 17,653.6 14,780.5 14,479.7 13,808.4 12,807.8 13,150.9 15,568.0 17,069.4 12,245.4 11,170.8 9,108.0 10,890.6 8,472.6 7,185.7 5,792.4 6,870.8 3,867.2 8,957.4 1,319.0 828.1 470.6 119.8 198.5
Operating Income
Operating Income 21,017.1 26,197.7 25,025.9 25,792.9 16,085.6 25,592.2 24,292.5 32,564.5 25,973.7 22,395.0 16,656.0 12,718.8 6,929.0 9,113.7 10,436.6 8,697.2 2,154.4 6,907.0 2,139.3 1,997.5 (4,147.0) (2,047.8) (1,295.7) (1,639.6) (4,397.2) (2,135.3) (2,792.0) (1,490.4) (2,120.5) (2,640.9) (1,269.5) (6,636.2) (250.2) (22.7) (234.4) (122.7) (215.9)
Interest Expense 0 0 0 0 0 0 0 0 0 8.2 12.2 11.9 11.7 12.2 13.6 13.1 12.6 303.1 298.4 294.0 335.5 278.1 165.6 162.9 150.6 139.7 6.2 0 0 0 0 0 0 0 0 0 0
Interest Income (628.2) 6,372.9 8,565.2 10,422.6 223.1 5,233.2 5,416.1 4,855.6 5,048.6 4,359.4 2,127.4 2,287.7 1,463.6 1,351.7 1,092.2 757.0 796.3 914.6 631.9 544.6 970.5 671.4 485.4 838.3 460.3 472.5 414.6 402.6 252.1 233.4 164.8 136.6 50.2 38.9 20.6 13.7 7.5
Profitability
EBITDA 16,561.2 52,541.9 33,314.9 35,712.5 19,399.9 32,706.6 29,378.9 38,120.5 33,262.1 27,065.2 19,618.9 16,834.5 10,266.5 11,087.6 12,513.2 10,841.4 3,550.8 8,375.3 2,956.0 2,871.5 (3,984.1) (1,884.9) (1,136.3) (1,480.1) (4,237.8) (1,975.8) (2,667.7) (1,335.2) (1,996.3) 3,470.2 (1,156.3) (6,543.2) (157.4) (12.0) (233.9) (122.2) (215.4)
EBIT 16,561.2 52,541.9 33,314.9 35,535.3 19,222.7 32,529.4 29,182.3 37,924.0 33,065.6 26,868.7 19,062.8 16,278.5 9,710.5 10,531.5 12,139.4 10,467.6 3,176.9 8,001.5 2,793.2 2,708.6 (4,147.0) (2,047.8) (1,295.7) (1,639.6) (4,397.2) (2,135.3) (2,792.0) (1,490.4) (2,120.5) 3,312.8 (1,269.5) (6,636.2) (198.7) (12.7) (234.4) (122.7) (215.9)
Income Before Tax 16,561.2 31,465.4 33,314.9 35,535.3 19,222.7 32,529.4 29,182.3 37,924.0 33,065.6 26,860.5 19,050.6 16,266.5 9,698.8 10,519.3 12,125.8 10,454.4 3,164.3 7,698.4 2,494.7 2,414.6 (2,905.4) (1,376.4) (784.7) (899.3) (4,119.3) (1,751.6) (2,335.0) (1,003.2) (1,877.7) (2,423.9) (1,098.3) (6,493.9) (201.0) 13.6 (221.4) (109.5) (207.7)
Income Tax Expense 4,090.1 8,446.3 3,986.7 4,781.8 4,480.8 5,082.8 4,201.6 5,914.6 5,067.8 3,580.2 3,513.5 3,158.4 1,597.8 1,065.6 1,537.2 1,558.1 564.8 1,078.8 854.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Income 12,471.1 23,019.1 29,328.2 30,753.5 14,741.8 27,446.6 24,980.7 32,009.4 27,997.8 23,280.3 15,537.1 13,108.1 8,101.0 9,453.7 10,588.6 8,896.3 2,599.5 6,619.5 1,640.0 2,414.6 (2,905.4) (1,376.4) (784.7) (899.3) (4,119.3) (1,751.6) (2,335.0) (1,003.2) (1,877.7) (2,423.9) (1,098.3) (6,493.9) (198.7) 13.6 (221.4) (109.5) (207.7)
Per Share Data
EPS (Basic) 8.88 17.48 20.96 22.00 10.60 19.76 18.04 23.12 20.32 17.00 11.36 9.64 6.12 7.44 8.40 6.24 1.84 5.28 1.32 1.92 -2.32 -1.16 -0.64 -0.76 -3.56 -1.52 -2.00 -0.88 -1.64 -2.20 -1.20 -5.84 -0.25 0.02 -0.26 -0.13 -0.23
EPS (Diluted) 8.40 16.52 19.72 20.76 9.96 18.52 16.92 21.60 18.96 15.84 10.60 9.00 5.56 6.52 7.32 6.24 1.84 4.64 1.16 1.68 -2.32 -1.12 -0.64 -0.76 -3.56 -1.52 -2.00 -0.88 -1.64 -2.20 -1.20 -5.84 -0.25 0.02 -0.26 -0.13 -0.23
Shares Outstanding 1,404 1,402.6 1,399.3 1,396.9 1,392.0 1,389.2 1,385.9 1,383.4 1,377.4 1,369.5 1,365.6 1,359.6 1,320.7 1,272.6 1,262.8 1,425.7 1,412.7 1,257.9 1,255.3 1,253.4 1,245.9 1,177.9 1,196.6 1,183.4 1,157.1 1,152.4 1,162.4 1,130.4 1,139.8 1,111.1 915.3 1,107.8 1,107.8 860.6 860.6 860.6 860.6
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q1
Current Assets
Cash & Cash Equivalents 198,509.8 182,847.8 92,386.5 63,222.4 70,126.2 57,768.1 65,295.4 56,756.3 55,591.9 59,794.5 54,939.8 31,379.3 19,771.3 34,326.2 25,601.5 13,057.5 7,405.0 6,426.7 11,132.8 19,154.8 17,013.0 22,421.2 5,715.7 4,209.6 5,526.7 5,768.2 15,694.0 23,851.9 22,501.7 14,160.3 14,960.0 9,030.9 8,634.3 3,058.2 (1,609.8)
Short-Term Investments 311,860.9 313,607.3 331,382.7 323,908.6 294,374.6 273,791.9 243,166.3 228,170.9 186,539.7 157,415.4 147,906.9 148,129.3 137,263.6 115,112.6 112,207.9 106,322.6 87,815.9 86,516.6 86,785.0 73,026.5 66,342.8 64,551.1 39,859.1 44,801.1 37,048.5 35,288.8 24,560.8 7,935.4 6,919.5 7,630.7 7,511.3 1,300 850 50 3,219.7
Net Receivables 15,468.0 15,324.0 15,147.3 6,007.5 12,886.8 12,152.6 13,922.7 11,480.5 11,742.9 7,430.3 8,685.8 6,657.2 5,589.6 3,351.6 5,156.6 4,727.9 4,187.9 3,477.0 4,564.4 4,331.2 4,830.4 3,907.1 3,980.1 2,857.5 2,627.9 2,956.8 1,777.9 1,495.5 1,399.1 1,266.5 126.5 94.4 113.5 530.8 0
Inventory 0 0 0 0 0 1,599.3 0 0 0 0 0 0 0 0 0 0 0 14.2 0 0 0 1,718.4 345.3 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 8,712.3 7,531.3 77,443.3 75,363.4 70,386.5 68,426.4 64,446.9 59,360.6 59,113.0 68,784.0 56,413.5 52,055.1 53,186.5 62,861.1 48,808.4 51,338.4 46,756.2 64,474.6 54,611.1 51,061.5 51,450.6 56,926.1 40,270.4 33,713.7 27,887.0 28,987.7 19,556.6 18,022.9 15,986.4 17,333.4 11,645.7 10,046.6 8,784.7 9,498.8 0
Total Current Assets 534,551.1 519,310.4 516,359.8 476,042.5 447,774.1 415,648.2 386,831.3 359,726.3 316,470.0 294,750.5 271,575.8 241,206.2 215,810.9 216,617.9 193,570.3 175,446.3 146,165.0 160,909.2 157,093.3 147,573.9 139,636.7 149,523.9 90,170.6 85,582.0 73,090.1 73,001.5 61,589.4 51,305.8 46,806.8 40,391.0 34,243.4 20,471.9 18,382.6 13,137.8 1,609.8
Non-Current Assets
Property, Plant & Equipment 5,731.5 6,173.3 6,208.6 843.2 6,431.8 5,943.7 5,695.7 5,101.2 4,834.9 5,084.5 4,727.9 3,186.3 2,588.5 2,460.9 2,383.4 2,333.2 2,578.6 3,141.9 2,967.2 937.1 879.6 832.7 580.6 562.5 528.2 558.5 354.4 341.1 254.9 29.1 19.1 14.9 9.9 9.3 0
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 14.9 15.4 16.3 17.3 18.2 19.2 20.1 21.1 22.0 21.1 21.9 22.7 23.4 134.0 297.9 435.8 556.8 701.2 860.6 1,004.6 1,169.5 1,276.8 1,487.0 1,706.3 1,866.5 1,994.3 2,182.3 2,277.0 2,381.2 2,579.3 2,741.3 2,786.7 2,789.4 0 0
Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5 0
Other Non-Current Assets 94,823.5 104,774.4 90,469.3 90,179.9 76,226.4 83,407.2 73,974.1 67,895.9 56,455.1 47,951.3 36,293.7 28,325.6 20,344.9 16,862.1 12,828.7 13,759.9 19,395.2 16,426.0 5,593.5 7,224.2 11,734.0 7,275.3 7,172.8 3,050.0 692.0 503.1 450.0 436.9 340.8 182.7 0 0 164.2 162.4 (1,609.8)
Total Non-Current Assets 100,771.2 111,135.2 97,364.5 91,113.8 82,739.1 89,386.1 79,962.6 73,018.1 61,356.2 53,327.6 42,675.3 33,079.2 24,255.3 20,502.1 15,537.7 16,553.1 22,553.7 20,300.5 9,435.5 9,165.8 13,783.1 9,384.7 9,240.4 5,318.7 3,086.8 3,055.9 2,986.7 3,055.1 2,977.0 2,791.1 2,760.4 2,801.6 2,963.4 176.6 (1,609.8)
Total Assets 635,322.4 630,445.5 613,724.3 567,156.3 530,513.2 505,034.3 466,793.9 432,744.3 377,826.1 348,078.1 314,251.1 274,285.4 240,066.2 237,120.0 209,108.0 191,999.4 168,718.6 181,209.7 166,528.8 156,739.8 153,419.9 158,908.6 99,410.9 90,900.7 76,176.9 76,057.3 64,576.1 54,360.8 49,783.8 43,182.1 37,003.9 23,273.5 21,346.0 13,314.5 0
Current Liabilities
Account Payables 108,743.4 107,475.6 100,578.0 95,521.6 92,515.1 92,457.8 82,780.2 79,859.8 75,863.6 91,902.7 70,128.5 61,947.5 57,838.5 67,295.5 54,163.1 55,392.2 49,206.2 64,461.4 53,201.2 50,754.3 49,361.0 54,971.5 40,299.8 32,050.2 28,713.9 30,234.2 19,819.7 17,830.7 15,657.2 17,275.9 10,793.7 9,318.2 8,594.2 9,838.5 0
Short-Term Debt 2,492.7 2,500.2 5,248.4 5,287.6 5,302.1 5,309.6 0 0.2 74.0 648.6 14,351.4 14,431.1 13,712.2 13,885.8 0 0 0 0 0 0 635.0 1,866.3 2,773.0 2,754.5 2,114.5 898.7 0 0 0 0 0 0 0 0 0
Deferred Revenue 3,507.8 3,380.9 3,331.6 3,601.5 2,945.1 0 2,951.6 0 2,281.1 2,144.6 2,043.9 1,639.3 1,543.1 1,389.7 1,391.6 1,242.7 1,060.7 1,166.8 1,144.1 974.0 1,786.2 2,423.2 1,042.1 750.5 619.8 606.0 379.0 267.3 243.0 191.5 165.0 105.0 85.7 56.5 0
Other Current Liabilities 96,107.7 98,993.6 17,429.6 17,137.4 16,620.0 19,407.6 16,482.7 20,372.2 17,248.1 21,710.7 16,282.9 16,131.0 15,683.5 26,190.0 15,122.7 14,772.9 13,955.0 22,058.7 20,206.8 18,992.6 16,474.7 16,430.1 13,873.3 11,851.5 11,275.0 7,891.7 6,654.1 7,246.4 5,830.0 4,694.5 4,201.7 3,488.8 2,562.7 1,857.2 0
Total Current Liabilities 210,851.6 212,350.4 219,218.2 201,962.5 197,024.7 188,422.9 179,996.9 170,833.1 151,398.0 152,900.9 148,124.3 125,994.1 111,022.6 116,889.5 85,432.2 85,714.4 77,522.4 93,729.7 86,296.9 80,074.0 79,138.3 83,882.1 65,075.5 55,385.8 48,632.8 45,767.8 33,217.0 28,998.4 24,582.4 24,359.5 16,243.3 13,883.1 11,753.4 12,109.5 0
Non-Current Liabilities
Long-Term Debt 0 0 0 0 0 0 5,175.9 5,264.1 5,240.6 5,231.5 1,623.7 1,634.9 1,554.7 1,575.8 15,749.6 14,874.6 14,057.0 11,788.9 11,684.6 11,342.3 11,502.5 14,432.8 5,504.9 5,572.4 5,430.5 5,206.7 5,140.3 0 0 0 0 0 0 0 0
Deferred Tax Liabilities 14.9 41.9 63.5 70.2 161.5 106.8 70.3 34.1 43.9 59.8 55.9 64.2 0.4 13.0 46.0 38.7 32.1 31.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1 0.5 1.0 1.5 2.0 2.5 2.9 36.0 38.1 7.0 7.4 7.9 8.2 8.4 0 0 0 0 0 (356.5)
Total Non-Current Liabilities 2,625.2 2,923.9 3,103.2 3,330.1 3,787.1 3,298.3 8,292.0 7,933.0 7,722.1 7,935.6 4,076.9 2,947.2 2,533.5 2,459.6 16,545.9 15,375.8 14,543.2 12,365.5 12,123.9 11,767.9 11,923.3 14,850.6 5,931.7 6,021.1 5,834.7 5,642.7 5,402.8 255.6 172.2 0 0 0 0 0 (356.5)
Total Liabilities 213,476.7 215,274.2 222,321.3 205,292.6 200,811.8 191,721.2 188,288.9 178,766.1 159,120.2 160,836.5 152,201.1 128,941.3 113,556.1 119,349.0 101,978.1 101,090.2 92,065.6 106,095.2 98,420.8 91,841.8 91,061.5 98,732.7 71,007.3 61,406.8 54,467.4 51,410.5 38,619.8 29,254.0 24,754.6 24,359.5 16,243.3 13,883.1 11,753.4 12,109.5 (356.5)
Stockholders' Equity
Common Stock 0 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0
Retained Earnings 295,601.9 285,867.2 262,244.9 232,916.7 202,163.2 187,659.1 160,106.5 135,231.8 103,116.4 75,118.6 51,939.3 36,402.1 23,294.1 15,193.0 5,744.3 (4,844.2) (13,740.6) (17,706.5) (24,326.1) (25,966.0) (28,380.6) (25,475.2) (24,098.8) (23,314.1) (22,414.8) (18,295.5) (16,543.8) (14,208.8) (13,205.6) (11,327.9) (8,904.0) (7,805.6) (1,311.8) (1,030.2) 0
Accumulated Other Comprehensive Income (572.9) 3,456.1 5,144.9 6,750.1 7,534.2 7,824.5 2,973.4 5,905.9 5,140.2 4,829.7 5,957.8 6,260.0 2,431.8 3,327.2 4,631.0 864.0 (2,651.3) (2,519.9) (1,414.1) (1,666.1) (531.7) (1,047.7) 533.3 1,794.7 1,820.8 1,448.2 1,804.7 1,116.6 627.6 1,035.8 986.8 396.5 (121.2) (23.1) (426.3)
Total Stockholders' Equity 421,845.6 415,171.3 391,403.0 361,863.7 329,701.4 313,313.1 278,504.9 253,978.2 218,706.0 187,241.6 162,050.0 145,344.1 126,510.1 117,770.9 107,129.9 90,909.2 76,653.0 75,114.5 68,108.0 64,897.9 62,358.3 60,175.9 28,403.7 29,493.9 21,709.4 24,646.9 25,956.3 25,106.9 25,029.1 18,822.6 20,760.6 9,390.4 9,592.6 1,205.0 356.5
Total Liabilities & Equity 635,322.4 630,445.5 613,724.3 567,156.3 530,513.2 505,034.3 466,793.9 432,744.3 377,826.1 348,078.1 314,251.1 274,285.4 240,066.2 237,120.0 209,108.0 191,999.4 168,718.6 181,209.7 166,528.8 156,739.8 153,419.9 158,908.6 99,410.9 90,900.7 76,176.9 76,057.3 64,576.1 54,360.8 49,783.8 43,182.1 37,003.9 23,273.5 21,346.0 13,314.5 356.5
Debt Metrics
Total Debt 5,102.9 5,382.2 10,673.6 10,963.3 11,252.8 10,607.1 10,236.8 9,765.1 9,479.7 10,165.9 19,753.5 18,269.4 16,974.8 16,934.3 17,012.7 15,814.7 14,929.0 12,760.3 12,461.1 12,068.5 12,827.7 16,967.1 8,851.0 8,881.7 8,060.4 6,649.8 5,475.7 327.5 236.8 0 0 0 0 0 0
Net Debt (193,407.0) (177,465.6) (81,712.9) (52,259.1) (58,873.4) (47,160.9) (55,058.6) (46,991.2) (46,112.2) (49,628.6) (35,186.3) (13,109.9) (2,796.5) (17,391.9) (8,588.8) 2,757.2 7,524.0 6,333.6 1,328.3 (7,086.2) (4,185.2) (5,454.1) 3,135.3 4,672.1 2,533.7 881.6 (10,218.4) (23,524.5) (22,264.9) (14,160.3) (14,960.0) (9,030.9) (8,634.3) (3,058.2) 1,609.8
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1
Operating Activities
Net Income 12,547 24,541.0 29,328.2 30,753.5 14,741.8 27,446.6 24,980.7 32,009.4 27,997.8 23,280.3 15,537.1 13,108.1 8,101.0 9,453.7 10,588.6 8,896.3 2,599.5 6,619.5 1,640.0 2,414.6 (2,905.4) (1,376.4) (784.7) (899.3) (4,119.3) (5,001.2) (2,335.0) (1,003.2) (1,877.7) (2,423.9) (1,098.3) (6,493.9) (201.0) (525.1) (221.4) (109.5) (207.7)
Depreciation & Amortization 0 0 0 0 0 0 0 0 0 1,888.2 0 0 0 2,735.1 0 0 0 800.5 0 0 0 318.2 0 0 0 711.0 0 310.4 0 (41.7) 0 186.1 41.7 0.7 1.6 0 0.5
Stock-Based Compensation 1,524 1,754.4 2,053.5 1,954.9 2,174.1 2,404.3 2,478.0 2,422.8 2,578.5 2,184.9 1,469.8 1,890.6 1,533.4 7,718.4 1,864.9 1,844.3 1,522.8 3,613.0 0 1,187.8 972.8 933.2 955.9 914.5 809.4 6,841.6 668.4 592.0 498.6 (13.6) 479.5 5,820.5 13.6 2.7 3.5 2.9 2.4
Change in Working Capital 0 0 0 0 0 (11,024.2) 0 0 0 14,078.2 0 0 0 6,451.2 0 0 0 6,131.6 0 0 0 15,000.6 0 0 0 18,191.2 0 3,460.4 0 (776.5) 0 1,614.7 776.5 3,814.8 (2,402.5) 0 594.8
Other Non-Cash Items 2,374 (2,175.9) 14,278.8 (11,066.7) (1,399.0) 10,720.5 63.6 9,360.5 (9,509.2) (4,541.0) 15,530.9 8,397.3 (8,296.4) (22,508.9) (801.6) 8,633.2 (13,190.3) (764.9) 7,096.6 3,768.9 (1,791.9) 247.8 8,150.6 5,480.2 2,742.9 (11,144.6) 4,284.8 788.5 (164.2) 8,952.2 868.6 (766.4) (1.8) (3,969.0) 1,936.8 1,390.2 0
Operating Cash Flow 16,445 24,119.5 45,660.5 21,641.7 15,516.9 29,547.2 27,522.3 43,792.6 21,067.2 36,890.7 32,537.9 23,396.0 1,338.0 3,849.4 11,651.8 19,373.9 (9,068.1) 16,399.8 8,736.6 7,371.2 (3,724.5) 14,946.6 8,321.8 5,495.3 (567.1) 9,598.0 2,618.2 4,148.0 (1,543.3) 5,732.4 249.7 360.9 628.9 (676.0) (682.1) 1,283.6 390.0
Investing Activities
Capital Expenditure 0 0 0 0 0 (967.1) 0 0 0 (583.9) 0 0 0 (635.7) 0 0 0 (43.0) 0 0 0 (25.0) 0 0 0 (27.3) 0 (10.1) 0 1.6 0 (7.5) (1.6) (2.3) (6.6) 0 (2.2)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 38,120.0 0 0 0 0 0 0 0 7,678.3 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 (170,792.2) 0 0 0 (93,160.3) 0 0 0 (42,446.2) 0 0 0 (7,701.0) 0 0 0 (5,346.4) 0 0 (800) 0 0 0 (573)
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 149,066.2 0 0 0 55,083.4 0 0 0 16,041.4 0 0 0 50 0 0 0 0 0 0 0 0 0 0 160
Other Investing Activities 2,082 1,538.2 (11,555.6) (27,021.9) (6,384.0) (30,545.3) (16,898.6) (42,622.1) (28,290.1) (16,470.7) (4,820.5) (11,519.9) (22,620.2) 21,120.6 (356.4) (8,593.3) (4,852.1) (12,692.5) (13,764.8) (3,484.1) (5,621.0) (193) (499.4) (9,695.8) (1,584.2) (11,461.9) (16,175.9) (1,129.3) 457.5 5,106.2 (6,217.2) (283.7) 0 (9.6) (196.2) 701.6 0
Investing Cash Flow 2,082 1,538.2 (11,555.6) (27,021.9) (6,384.0) (30,545.3) (16,898.6) (42,622.1) (28,290.1) (16,470.7) (4,820.5) (11,519.9) (22,620.2) (1,241.1) (356.4) (8,593.3) (4,852.1) (12,692.5) (13,764.8) (3,484.1) (5,621.0) (26,622.8) (499.4) (9,695.8) (1,584.2) (11,461.9) (16,175.9) (1,139.4) 457.5 (238.6) (6,217.2) (291.1) (801.6) (11.9) (202.8) 701.6 (415.2)
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12,101.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (32.7) 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities 0 (5,228.5) 0.6 0.4 0.2 0.3 0.1 0.7 0.0 (8,968.3) 0.4 7.2 0.1 9.5 0.3 0.3 0.0 0.2 0.1 (636.6) (1,238.9) (0.0) 49.0 8,418.7 1,205.5 893.9 6,967.0 (47.5) 7,993.8 (13.9) 11,537.5 (3.8) 0 (0.3) 18.6 645.7 0
Financing Cash Flow 0 (5,228.5) 0.6 0.4 0.2 0.3 0.1 0.7 0.0 (8,968.3) 0.4 7.2 0.1 9.5 0.3 0.3 0.0 0.2 0.1 (636.6) (1,238.9) 42,174.8 49.0 8,418.7 1,205.5 893.9 6,967.0 (47.5) 7,993.8 (13.9) 11,537.5 (3.8) 5,824.6 (0.3) (14.1) 645.7 767.5
Cash Position
Net Change in Cash 16,522.6 19,341.9 33,489.4 (5,358.0) 9,063.7 505.9 9,571.6 1,412.0 (7,075.0) 10,426.6 27,918.8 12,764.5 (21,630.4) 2,593.9 11,545.9 10,730.0 (13,910.0) 3,681.0 (5,005.9) 3,058.1 (10,532.9) 30,314.9 7,850.9 4,178.8 (846.7) (1,020.2) (6,298.1) 3,444.9 6,679.6 5,412.9 5,929.1 396.6 5,576.1 (701.5) (916.6) 2,613.7 742.7
Cash at Beginning 182,731.4 163,389.5 129,900.1 135,258.1 126,194.4 125,688.5 116,116.9 114,704.9 121,779.9 111,353.3 83,434.5 70,670 92,300.4 10,788.4 62,864.0 52,134.0 66,044.0 62,363.0 67,368.8 64,310.7 74,843.6 44,528.8 36,677.9 32,499.1 33,345.9 34,366.1 40,664.2 37,219.2 30,539.7 25,126.8 9,030.9 8,634.3 3,058.2 3,759.6 4,676.2 2,062.5 1,319.8
Cash at End 199,254 182,731.4 163,389.5 129,900.1 135,258.1 126,194.4 125,688.5 116,116.9 114,704.9 121,779.9 111,353.3 83,434.5 70,670 13,382.3 74,409.9 62,864.0 52,134.0 66,044.0 62,363.0 67,368.8 64,310.7 74,843.6 44,528.8 36,677.9 32,499.1 33,345.9 34,366.1 40,664.2 37,219.2 30,539.7 14,960.0 9,030.9 8,634.3 3,058.2 3,759.6 4,676.2 2,062.5
Free Cash Flow 16,445 24,119.5 45,660.5 21,641.7 15,516.9 28,580.0 27,522.3 43,792.6 21,067.2 36,306.8 32,537.9 23,396.0 1,338.0 3,213.7 11,651.8 19,373.9 (9,068.1) 16,356.7 8,736.6 7,371.2 (3,724.5) 14,921.6 8,321.8 5,495.3 (567.1) 9,570.7 2,618.2 4,137.9 (1,543.3) 5,734.0 249.7 353.4 627.4 (678.2) (688.8) 1,283.6 387.8
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1
Income Statement
Revenue 105,586.5 123,912.2 108,276.5 103,984.8 95,672.2 110,610.1 99,354.4 97,059.5 86,812.1 88,881.0 68,840.4 52,280.7 37,637.1 39,820.0 35,504.3 31,439.6 23,793.7 27,230.9 21,505.8 23,046.2 22,167.1 26,547.7 14,209.8 12,193.3 6,541.1 10,792.7 7,513.9 7,290.0 4,545.2 5,653.9 3,372.4 2,709.0 1,384.6 1,179.4 423.0 104.6 37.0
Gross Profit 58,977.1 68,756.6 61,436.4 58,125.9 54,725.1 62,811.7 59,645.2 63,361.4 54,117.4 53,802.8 42,010.1 33,591.0 26,511.8 30,893.3 28,090.2 23,477.7 16,634.1 20,715.4 14,947.1 15,148.3 11,421.0 15,021.6 10,949.6 9,531.2 4,710.8 8,755.3 5,680.6 5,695.3 3,671.9 4,229.9 2,597.7 2,321.2 1,065.9 805.4 236.3 (3.0) (17.4)
Operating Income 21,017.1 26,197.7 25,025.9 25,792.9 16,085.6 25,592.2 24,292.5 32,564.5 25,973.7 22,395.0 16,656.0 12,718.8 6,929.0 9,113.7 10,436.6 8,697.2 2,154.4 6,907.0 2,139.3 1,997.5 (4,147.0) (2,047.8) (1,295.7) (1,639.6) (4,397.2) (2,135.3) (2,792.0) (1,490.4) (2,120.5) (2,640.9) (1,269.5) (6,636.2) (250.2) (22.7) (234.4) (122.7) (215.9)
Net Income 12,471.1 23,019.1 29,328.2 30,753.5 14,741.8 27,446.6 24,980.7 32,009.4 27,997.8 23,280.3 15,537.1 13,108.1 8,101.0 9,453.7 10,588.6 8,896.3 2,599.5 6,619.5 1,640.0 2,414.6 (2,905.4) (1,376.4) (784.7) (899.3) (4,119.3) (1,751.6) (2,335.0) (1,003.2) (1,877.7) (2,423.9) (1,098.3) (6,493.9) (198.7) 13.6 (221.4) (109.5) (207.7)
EPS (Diluted) 8.40 16.52 19.72 20.76 9.96 18.52 16.92 21.60 18.96 15.84 10.60 9.00 5.56 6.52 7.32 6.24 1.84 4.64 1.16 1.68 -2.32 -1.12 -0.64 -0.76 -3.56 -1.52 -2.00 -0.88 -1.64 -2.20 -1.20 -5.84 -0.25 0.02 -0.26 -0.13 -0.23
Balance Sheet
Cash & Equivalents 198,509.8 182,847.8 92,386.5 63,222.4 70,126.2 57,768.1 65,295.4 56,756.3 55,591.9 59,794.5 54,939.8 31,379.3 19,771.3 34,326.2 25,601.5 13,057.5 7,405.0 6,426.7 11,132.8 19,154.8 17,013.0 22,421.2 5,715.7 4,209.6 5,526.7 5,768.2 15,694.0 23,851.9 22,501.7 14,160.3 14,960.0 9,030.9 8,634.3 3,058.2 (1,609.8)
Total Assets 635,322.4 630,445.5 613,724.3 567,156.3 530,513.2 505,034.3 466,793.9 432,744.3 377,826.1 348,078.1 314,251.1 274,285.4 240,066.2 237,120.0 209,108.0 191,999.4 168,718.6 181,209.7 166,528.8 156,739.8 153,419.9 158,908.6 99,410.9 90,900.7 76,176.9 76,057.3 64,576.1 54,360.8 49,783.8 43,182.1 37,003.9 23,273.5 21,346.0 13,314.5 0
Total Debt 5,102.9 5,382.2 10,673.6 10,963.3 11,252.8 10,607.1 10,236.8 9,765.1 9,479.7 10,165.9 19,753.5 18,269.4 16,974.8 16,934.3 17,012.7 15,814.7 14,929.0 12,760.3 12,461.1 12,068.5 12,827.7 16,967.1 8,851.0 8,881.7 8,060.4 6,649.8 5,475.7 327.5 236.8 0 0 0 0 0 0
Stockholders' Equity 421,845.6 415,171.3 391,403.0 361,863.7 329,701.4 313,313.1 278,504.9 253,978.2 218,706.0 187,241.6 162,050.0 145,344.1 126,510.1 117,770.9 107,129.9 90,909.2 76,653.0 75,114.5 68,108.0 64,897.9 62,358.3 60,175.9 28,403.7 29,493.9 21,709.4 24,646.9 25,956.3 25,106.9 25,029.1 18,822.6 20,760.6 9,390.4 9,592.6 1,205.0 356.5
Cash Flow
Operating Cash Flow 16,445 24,119.5 45,660.5 21,641.7 15,516.9 29,547.2 27,522.3 43,792.6 21,067.2 36,890.7 32,537.9 23,396.0 1,338.0 3,849.4 11,651.8 19,373.9 (9,068.1) 16,399.8 8,736.6 7,371.2 (3,724.5) 14,946.6 8,321.8 5,495.3 (567.1) 9,598.0 2,618.2 4,148.0 (1,543.3) 5,732.4 249.7 360.9 628.9 (676.0) (682.1) 1,283.6 390.0
Capital Expenditure 0 0 0 0 0 (967.1) 0 0 0 (583.9) 0 0 0 (635.7) 0 0 0 (43.0) 0 0 0 (25.0) 0 0 0 (27.3) 0 (10.1) 0 1.6 0 (7.5) (1.6) (2.3) (6.6) 0 (2.2)
Free Cash Flow 16,445 24,119.5 45,660.5 21,641.7 15,516.9 28,580.0 27,522.3 43,792.6 21,067.2 36,306.8 32,537.9 23,396.0 1,338.0 3,213.7 11,651.8 19,373.9 (9,068.1) 16,356.7 8,736.6 7,371.2 (3,724.5) 14,921.6 8,321.8 5,495.3 (567.1) 9,570.7 2,618.2 4,137.9 (1,543.3) 5,734.0 249.7 353.4 627.4 (678.2) (688.8) 1,283.6 387.8