$105.68

+0.28 (+0.27%)

Pre-Market: $94.86 (-10.83, -10.24%)

Weekly Expected Move ±2.7%

$100 $103 $106 $108 $111

NYSE · Financial Services · Banks - Regional · Tech Score Buy · Power 63 · $10.2B mcap · 96M float · 0.837% daily turnover · Short 72% of daily vol

Credit Risk of going bust: not rated, financial company (lending is its business) Bonds: none of note held by US funds details ▾

Not rated: lending and leverage are a financial company's business, which the model misreads.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Revenue Segmentation

By Product / Service

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$3.8B +57.0% ▲

5Y CAGR: +25.4%

Gross Profit

$2.6B +55.5% ▲

5Y CAGR: +23.6%

Operating Income

$1.0B +49.5% ▲

5Y CAGR: +58.7%

Net Income

$799M +49.3% ▲

5Y CAGR: +45.9%

EPS (Diluted)

$7.86 +12.8% ▲

5Y CAGR: +29.1%

EBITDA

$1.2B +54.7% ▲

5Y CAGR: +50.8%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$1.4B	$1.7B	$2.2B	$2.4B	$3.8B
YoY Growth	+17.1%	+18.2%	+30.9%	+9.1%	+57.0%
Cost of Revenue	-$114M	$143M	$606M	$742M	$1.2B
Gross Profit	$1.5B	$1.5B	$1.6B	$1.7B	$2.6B
Gross Margin	108.0%	91.4%	72.4%	69.0%	68.3%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$598M	$610M	$681M	$679M	$596M
Operating Expenses	$926M	$898M	$956M	$951M	$1.5B
Operating Income	$604M	$633M	$631M	$700M	$1.0B
Operating Margin	42.6%	37.8%	28.8%	29.3%	27.9%
Interest Expense	$52M	$61M	$492M	$726M	$1.1B
Income Before Tax	$604M	$633M	$631M	$700M	$1.0B
Tax Expense	$129M	$137M	$137M	$165M	$242M
Net Income	$476M	$496M	$494M	$535M	$799M
Net Margin	33.6%	29.6%	22.5%	22.3%	21.3%
EPS (Diluted)	$6.71	$6.60	$6.46	$6.97	$7.86
EBITDA	$667M	$698M	$690M	$757M	$1.2B
Shares Outstanding	71M	75M	76M	77M	101M

Line Item	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2	FY2026 Q3
Revenue	$579M	$895M	$927M	$981M	$954M	$917M	$395M	$959M
Cost of Revenue	$185M	$365M	$270M	$287M	$268M	$266M	$266M	$294M
Gross Profit	$393M	$530M	$657M	$694M	$687M	$651M	$129M	$665M
Gross Margin	68.0%	59.2%	70.9%	70.7%	72.0%	71.0%	32.7%	69.4%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$174M	$216M	$8M	$8M	$364M	$231M	$224M	$296M
Operating Expenses	$206M	$409M	$375M	$372M	$365M	$360M	$224M	$375M
Operating Income	$187M	$121M	$282M	$321M	$322M	$291M	-$95M	$290M
Operating Margin	32.4%	13.6%	30.4%	32.8%	33.7%	31.8%	-23.9%	30.3%
Interest Expense	$179M	$264M	$263M	$282M	$268M	$255M	$262M	$273M
Income Before Tax	$187M	$121M	$282M	$321M	$315M	$291M	$299M	$290M
Tax Expense	$43M	$32M	$67M	$75M	$68M	$66M	$69M	$67M
Net Income	$144M	$89M	$215M	$247M	$248M	$226M	$230M	$224M
Net Margin	24.9%	10.0%	23.2%	25.1%	26.0%	24.6%	58.2%	23.3%
EPS (Diluted)	$1.88	$0.87	$2.11	$2.42	$2.46	$2.28	$2.36	$2.30
EBITDA	$202M	$157M	$322M	$371M	$322M	$330M	-$57M	$564M
Shares Outstanding	77M	102M	102M	102M	101M	99M	98M	97M

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