| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $897M | $883M | $820M | 1.6% | 9.4% |
| Op. Income | $110M | $155M | $144M | -29.0% | -23.6% |
| Gross Margin | 74.8% | 75.2% | 74.9% | -0.4pp | -0.1pp |
| Net Margin | 11.8% | 16.8% | 15.9% | -4.9pp | -4.0pp |
| EPS (Diluted) | $0.38 | $0.53 | $0.48 | -28.3% | -20.8% |
| Free Cash Flow | $280M | $141M | $90M | 98.6% | 211.1% |
| Item | Amount |
|---|---|
| REVENUE | $897M |
| Cost of Revenue | $226M |
| GROSS PROFIT | $671M |
| R&D Expenses | $144M |
| Selling & Marketing | $216M |
| General & Administrative | $126M |
| SG&A Expenses | $342M |
| Other Expenses | $75M |
| Operating Expenses | $561M |
| Cost & Expenses | $787M |
| OPERATING INCOME | $110M |
| Interest Income | $14M |
| Interest Expense | $0 |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | $124M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $106M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $106M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $104M |
| D&A | $22M |
| EBIT | $110M |
| EBITDA | $132M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $897M |
| Cost of Revenue | $226M |
| GROSS PROFIT | $671M |
| R&D Expenses | $144M |
| Selling & Marketing | $216M |
| General & Administrative | $126M |
| SG&A Expenses | $342M |
| Other Expenses | $75M |
| Operating Expenses | $561M |
| Cost & Expenses | $787M |
| OPERATING INCOME | $110M |
| Interest Income | $14M |
| Interest Expense | $0 |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | $124M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $106M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $106M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $104M |
| D&A | $22M |
| EBIT | $110M |
| EBITDA | $132M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $106M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $66M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $10M |
| Change in Working Capital | $96M |
| OPERATING CASH FLOW | $298M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$62M |
| Sales/Maturities of Investments | $81M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$89M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $39M |
| NET CASH FROM FINANCING | -$46M |
| FREE CASH FLOW | $280M |
| Net Change in Cash | $254M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $72M |
| Net Receivables | $974M |
| Inventory | $0 |
| Other Current Assets | $269M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $231M |
| Goodwill | $317M |
| Intangible Assets | $47M |
| Long-Term Investments | $0 |
| Tax Assets | $780M |
| Other Non-Current Assets | $44M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $4.3B |
| Account Payables | $77M |
| Short-Term Debt | $0 |
| Deferred Revenue | $217M |
| Other Current Liabilities | $220M |
| TOTAL CURRENT LIABILITIES | $887M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $220M |
| TOTAL NON-CURRENT LIABILITIES | $229M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $6.8B |
| Retained Earnings | -$3.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $4.3B |
| Total Debt | $22M |
| Net Debt | -$1.5B |
