| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.2B | $939M | -15.1% | 12.1% |
| Op. Income | $107M | $410M | $182M | -73.9% | -41.2% |
| Gross Margin | 94.3% | 95.8% | 94.2% | -1.5pp | 0.1pp |
| Net Margin | 12.3% | 16.9% | 23.7% | -4.6pp | -11.4pp |
| EPS (Diluted) | $0.12 | $0.20 | $0.21 | -40.0% | -42.9% |
| Free Cash Flow | $171M | $184M | -$328M | -7.1% | 152.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $60M |
| GROSS PROFIT | $993M |
| R&D Expenses | $654M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $232M |
| Other Expenses | $0 |
| Operating Expenses | $886M |
| Cost & Expenses | $946M |
| OPERATING INCOME | $107M |
| Interest Income | $27M |
| Interest Expense | $0 |
| Other Income/Expenses | $39M |
| INCOME BEFORE TAX | $146M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $130M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $130M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $130M |
| D&A | $60M |
| EBIT | $146M |
| EBITDA | $206M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $60M |
| GROSS PROFIT | $993M |
| R&D Expenses | $654M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $232M |
| Other Expenses | $0 |
| Operating Expenses | $886M |
| Cost & Expenses | $946M |
| OPERATING INCOME | $107M |
| Interest Income | $27M |
| Interest Expense | $0 |
| Other Income/Expenses | $39M |
| INCOME BEFORE TAX | $146M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $130M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $130M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $130M |
| D&A | $60M |
| EBIT | $146M |
| EBITDA | $206M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $130M |
| Depreciation & Amortization | $60M |
| Stock-Based Compensation | $241M |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$89M |
| OPERATING CASH FLOW | $332M |
| Capital Expenditure | -$161M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$355M |
| Sales/Maturities of Investments | $145M |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$372M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$85M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$38M |
| NET CASH FROM FINANCING | -$123M |
| FREE CASH FLOW | $171M |
| Net Change in Cash | -$129M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $950M |
| Net Receivables | $2.2B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.2B |
| PP&E (Net) | $873M |
| Goodwill | $1.6B |
| Intangible Assets | $263M |
| Long-Term Investments | $1.1B |
| Tax Assets | $425M |
| Other Non-Current Assets | -$24M |
| TOTAL NON-CURRENT ASSETS | $4.2B |
| TOTAL ASSETS | $9.4B |
| Account Payables | $71M |
| Short-Term Debt | $57M |
| Deferred Revenue | $259M |
| Other Current Liabilities | $179M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $742M |
| Deferred Tax Liabilities | $55M |
| Other Non-Current Liabilities | $215M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | $3.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $411M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.0B |
| TOTAL LIABILITIES & EQUITY | $9.4B |
| Total Debt | $396M |
| Net Debt | -$1.6B |
