Friday POW!
Pick of the Week
Key Highlights
Stock at ~$102; 52-week range $98.00–$211.48; down ~53% from highs, ~40% YTD
FY2025 total revenue $13.28B, +21% YoY; subscription revenue $12.88B, +21% YoY; FCF margin 35%
Q4 2025: subscription revenue $3.47B, beat by 1.5%; operating margin 31%, 1pt above guidance; EPS $0.92 vs. $0.89 estimate
current Remaining Performance Obligations (cRPO) $12.85B, +25% YoY, the most forward-looking demand signal in the model, are accelerating
Total RPO $28.2B, +26.5% YoY — over 2x annual revenue in contracted backlog
