For Q1, we anticipate Platform revenue growing more than 21% YoY and Devices revenue down mid-single digitsYoY. We expect this to result in Total net revenue of $1.200 billion, up roughly 18% YoY, with Total gross profitof $530 million and Adjusted EBITDA of $130 million.
For full year 2026, we anticipate Platform revenue to grow 18% YoY to $4.890 billion, with gross margin between51% to 52%. We expect Devices revenue to grow low-single digits YoY to $610 million, with gross margin in thenegative mid-teens, roughly in line with 2025. We expect Total net revenue of $5.500 billion, Total gross profitof $2.435 billion, and Adjusted EBITDA of $635 million – resulting in an Adjusted EBITDA margin improvementof 267 basis points.
