| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $396M | $383M | $358M | 3.2% | 10.4% |
| Op. Income | -$21M | -$22M | -$8M | 6.9% | -169.1% |
| Gross Margin | 80.5% | 80.8% | 82.0% | -0.3pp | -1.4pp |
| Net Margin | -0.7% | -1.8% | 2.5% | 1.1pp | -3.2pp |
| EPS (Diluted) | $-0.03 | $-0.07 | $0.08 | 57.5% | -135.1% |
| Free Cash Flow | $82M | $68M | $82M | 20.1% | 0.9% |
| Item | Amount |
|---|---|
| REVENUE | $396M |
| Cost of Revenue | $77M |
| GROSS PROFIT | $319M |
| R&D Expenses | $80M |
| Selling & Marketing | $149M |
| General & Administrative | $77M |
| SG&A Expenses | $226M |
| Other Expenses | $33M |
| Operating Expenses | $339M |
| Cost & Expenses | $416M |
| OPERATING INCOME | -$21M |
| Interest Income | $25M |
| Interest Expense | $7M |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $149.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $24M |
| EBIT | $4M |
| EBITDA | $27M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $59M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $97M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$614M |
| Sales/Maturities of Investments | $573M |
| Other Investing Activities | -$53M |
| NET CASH FROM INVESTING | -$109M |
| Net Debt Issuance | $150M |
| Common Stock Repurchased | -$83M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$66M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | $82M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $1.2B |
| Net Receivables | $771M |
| Inventory | $0 |
| Other Current Assets | $4.2B |
| TOTAL CURRENT ASSETS | $7.3B |
| PP&E (Net) | $183M |
| Goodwill | $2.4B |
| Intangible Assets | $208M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $34M |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $10.2B |
| Account Payables | $7M |
| Short-Term Debt | $33M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.0B |
| TOTAL CURRENT LIABILITIES | $4.4B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $346.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $6.3B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $5.5B |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.9B |
| TOTAL LIABILITIES & EQUITY | $10.2B |
| Total Debt | $1.9B |
| Net Debt | $822M |
