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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue $ 706.3 $ 543.9 $ 1,924.3 $ 1,474.1
Cost of revenue 196.2 166.8 553.0 459.3
Gross profit 510.1 377.1 1,371.3 1,014.8
Research and development expenses 77.2 54.9 210.2 159.0
Selling, general and administrative expenses 315.2 234.1 833.6 656.3
Operating income 117.7 88.1 327.5 199.6
Interest expense (15.6) (12.4) (44.5) (34.1)
Interest income 8.6 10.5 29.0 29.2
Loss on extinguishment of debt 0.0 0.0 (123.9) 0.0
Other income (expense), net 12.1 (3.4) 11.2 (5.9)
Income before income taxes 122.8 82.9 199.3 188.8
Income tax (expense) benefit (35.2) (5.4) (53.9) 128.8
Net income $ 87.6 $ 77.5 $ 145.5 $ 317.6
Earnings per share:        
Basic (in dollars per share) $ 1.24 $ 1.11 $ 2.07 $ 4.53
Diluted (in dollars per share) $ 1.24 $ 1.08 $ 2.05 $ 4.40
Weighted-average number of common shares outstanding (in thousands):        
Basic (in shares) 70,367 70,123 70,343 70,047
Diluted (in shares) 70,661 73,951 72,292 73,830
Nonrelated Party        
Revenue $ 521.7 $ 372.6 $ 1,412.7 $ 1,043.7
Related Party        
Revenue $ 184.5 $ 171.3 $ 511.6 $ 430.4