| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $358M | $344M | $305M | 4.3% | 17.5% |
| Op. Income | -$8M | -$22M | -$57M | 65.4% | 86.4% |
| Gross Margin | 82.0% | 81.0% | 81.6% | 0.9pp | 0.3pp |
| Net Margin | 2.5% | 2.2% | -9.1% | 0.3pp | 11.6pp |
| EPS (Diluted) | $0.08 | $0.07 | $-0.26 | 17.2% | 131.9% |
| Free Cash Flow | $82M | $73M | $48M | 11.6% | 71.3% |
| Item | Amount |
|---|---|
| REVENUE | $358M |
| Cost of Revenue | $65M |
| GROSS PROFIT | $294M |
| R&D Expenses | $79M |
| Selling & Marketing | $126M |
| General & Administrative | $67M |
| SG&A Expenses | $193M |
| Other Expenses | $30M |
| Operating Expenses | $301M |
| Cost & Expenses | $366M |
| OPERATING INCOME | -$8M |
| Interest Income | $23M |
| Interest Expense | $5M |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $24M |
| EBIT | $15M |
| EBITDA | $39M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $55M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $89M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$638M |
| Sales/Maturities of Investments | $564M |
| Other Investing Activities | -$65M |
| NET CASH FROM INVESTING | -$140M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$200M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $95M |
| NET CASH FROM FINANCING | -$105M |
| FREE CASH FLOW | $82M |
| Net Change in Cash | -$156M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $853M |
| Short-Term Investments | $620M |
| Net Receivables | $660M |
| Inventory | $0 |
| Other Current Assets | $4.1B |
| TOTAL CURRENT ASSETS | $6.2B |
| PP&E (Net) | $147M |
| Goodwill | $2.4B |
| Intangible Assets | $265M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $32M |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $9.0B |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3.8B |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $4.1B |
| Long-Term Debt | $915M |
| Deferred Revenue NC | $100.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $609.0K |
| TOTAL NON-CURRENT LIABILITIES | $976M |
| TOTAL LIABILITIES | $5.0B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $5.3B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $9.0B |
| Total Debt | $975M |
| Net Debt | $122M |
