$238.01
Last price · USD
Multiples use last price and FY2026 annual figures. Market cap estimated from diluted shares.
Annual · USD millions except per-share data · 32 lines
| Fiscal year | 2026 | 2025 | 2024 | 2023 | 2022 | CAGR | |
|---|---|---|---|---|---|---|---|
| Operating activities | |||||||
| Net income | (161) | (17) | 89 | (182) | (232) | — | |
| Depreciation & amortization | 281 | 214 | 145 | 94 | 69 | +42.2% | |
| Deferred income tax | (15) | (10) | (3) | 1 | (14) | — | |
| Stock-based compensation | 1,097 | 865 | 632 | 527 | 310 | +37.2% | |
| Change in working capital | (59) | (6) | 52 | 320 | 322 | — | |
| Accounts receivables | (233) | (274) | (218) | (258) | (125) | — | |
| Accounts payables | (11) | 85 | (19) | (15) | 33 | — | |
| Other working capital | 185 | 183 | 288 | 594 | 414 | -18.3% | |
| Other non-cash items | 469 | 335 | 252 | 181 | 121 | +40.5% | |
| Net cash from operating activities | 1,612 | 1,382 | 1,166 | 941 | 575 | +29.4% | |
| Operating cash flow | 1,612 | 1,382 | 1,166 | 941 | 575 | +29.4% | |
| Investing activities | |||||||
| Investments in PP&E | (302) | (255) | (177) | (266) | (134) | — | |
| Capital expenditure | (302) | (314) | (237) | (266) | (134) | — | |
| Acquisitions, net | (382) | (310) | (239) | (18) | (415) | — | |
| Purchases of investments | (17) | (22) | (217) | (272) | (16) | — | |
| Sales / maturities of investments | 5 | 110 | 350 | 31 | 22 | -29.2% | |
| Other investing activities | (69) | (59) | (58) | (31) | (22) | — | |
| Net cash from investing activities | (764) | (537) | (341) | (557) | (565) | — | |
| Financing activities | |||||||
| Net debt issuance | 0 | 0 | 0 | (2) | 0 | — | |
| Long-term net debt issuance | 0 | 0 | 0 | (2) | 0 | — | |
| Net stock issuance | 129 | 104 | 85 | 68 | 66 | +18.2% | |
| Common stock issuance | 129 | 104 | 85 | 68 | 66 | +18.2% | |
| Net common stock issuance | 129 | 104 | 85 | 68 | 66 | +18.2% | |
| Other financing activities | 3 | 4 | 8 | 11 | 6 | -14.1% | |
| Net cash from financing activities | 132 | 107 | 93 | 77 | 73 | +16.2% | |
| Cash summary | |||||||
| Effect of forex changes on cash | 10 | (5) | 2 | (1) | (5) | — | |
| Net change in cash | 990 | 947 | 921 | 460 | 78 | +88.7% | |
| Cash at beginning of period | 4,325 | 3,378 | 2,457 | 1,997 | 1,919 | +22.5% | |
| Cash at end of period | 5,315 | 4,325 | 3,378 | 2,457 | 1,997 | +27.7% | |
| Free cash flow | 1,310 | 1,068 | 929 | 675 | 441 | +31.3% | |
| Income taxes paid | 51 | 19 | 23 | 12 | 75 | -8.9% | |
| Interest paid | 23 | 23 | 23 | 23 | 13 | +14.5% | |