| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.1B | $2.2B | $1.8B | -3.4% | 17.8% |
| Op. Income | $101M | -$496M | -$5M | 120.4% | 2120.0% |
| Gross Margin | 77.6% | 82.7% | 76.5% | -5.1pp | 1.1pp |
| Net Margin | 12.3% | -15.7% | 6.4% | 28.1pp | 5.9pp |
| EPS (Diluted) | $0.41 | $-0.55 | $0.18 | 174.5% | 127.8% |
| Free Cash Flow | $1.9B | $93M | $1.6B | 1967.7% | 21.6% |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $480M |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $475M |
| Selling & Marketing | $514M |
| General & Administrative | $287M |
| SG&A Expenses | $801M |
| Other Expenses | $285M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $101M |
| Interest Income | $202M |
| Interest Expense | $0 |
| Other Income/Expenses | $192M |
| INCOME BEFORE TAX | $293M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $264M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $264M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $265M |
| D&A | $14M |
| EBIT | $101M |
| EBITDA | $115M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $480M |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $475M |
| Selling & Marketing | $514M |
| General & Administrative | $287M |
| SG&A Expenses | $801M |
| Other Expenses | $285M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $101M |
| Interest Income | $202M |
| Interest Expense | $0 |
| Other Income/Expenses | $192M |
| INCOME BEFORE TAX | $293M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $264M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $264M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $265M |
| D&A | $14M |
| EBIT | $101M |
| EBITDA | $115M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $264M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $295M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $1.3B |
| OPERATING CASH FLOW | $1.9B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$826M |
| Sales/Maturities of Investments | $756M |
| Other Investing Activities | -$14M |
| NET CASH FROM INVESTING | -$84M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$750M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2.9B |
| NET CASH FROM FINANCING | $2.1B |
| FREE CASH FLOW | $1.9B |
| Net Change in Cash | $3.9B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.9B |
| Short-Term Investments | $3.3B |
| Net Receivables | $8.7B |
| Inventory | $0 |
| Other Current Assets | $563M |
| TOTAL CURRENT ASSETS | $20.4B |
| PP&E (Net) | $282M |
| Goodwill | $0 |
| Intangible Assets | $786M |
| Long-Term Investments | $0 |
| Tax Assets | $2.9B |
| Other Non-Current Assets | $190M |
| TOTAL NON-CURRENT ASSETS | $4.1B |
| TOTAL ASSETS | $24.5B |
| Account Payables | $184M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2.4B |
| Other Current Liabilities | $346M |
| TOTAL CURRENT LIABILITIES | $14.1B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $273M |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $16.6B |
| Common Stock | $0 |
| Additional Paid-In Capital | $11.8B |
| Retained Earnings | -$3.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.9B |
| TOTAL LIABILITIES & EQUITY | $24.5B |
| Total Debt | $2.3B |
| Net Debt | -$5.6B |
