| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $638M | $704M | $599M | -9.4% | 6.5% |
| Op. Income | $196M | $254M | $194M | -23.1% | 0.8% |
| Gross Margin | 86.8% | 87.2% | 88.2% | -0.4pp | -1.3pp |
| Net Margin | 29.9% | 36.6% | 30.7% | -6.7pp | -0.8pp |
| EPS (Diluted) | $1.71 | $2.30 | $1.60 | -25.7% | 6.9% |
| Free Cash Flow | $414M | $236M | $355M | 75.2% | 16.7% |
| Item | Amount |
|---|---|
| REVENUE | $638M |
| Cost of Revenue | $84M |
| GROSS PROFIT | $554M |
| R&D Expenses | $102M |
| Selling & Marketing | $225M |
| General & Administrative | $31M |
| SG&A Expenses | $256M |
| Other Expenses | $0 |
| Operating Expenses | $358M |
| Cost & Expenses | $442M |
| OPERATING INCOME | $196M |
| Interest Income | $27M |
| Interest Expense | $0 |
| Other Income/Expenses | $27M |
| INCOME BEFORE TAX | $223M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $191M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $191M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $191M |
| D&A | $24M |
| EBIT | $196M |
| EBITDA | $220M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $638M |
| Cost of Revenue | $84M |
| GROSS PROFIT | $554M |
| R&D Expenses | $102M |
| Selling & Marketing | $225M |
| General & Administrative | $31M |
| SG&A Expenses | $256M |
| Other Expenses | $0 |
| Operating Expenses | $358M |
| Cost & Expenses | $442M |
| OPERATING INCOME | $196M |
| Interest Income | $27M |
| Interest Expense | $0 |
| Other Income/Expenses | $27M |
| INCOME BEFORE TAX | $223M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $191M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $191M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $191M |
| D&A | $24M |
| EBIT | $196M |
| EBITDA | $220M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $191M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $41M |
| Deferred Income Tax | -$23M |
| Other Non-Cash Items | $100.0K |
| Change in Working Capital | $187M |
| OPERATING CASH FLOW | $421M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$325M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $45M |
| NET CASH FROM FINANCING | -$281M |
| FREE CASH FLOW | $414M |
| Net Change in Cash | $148M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $450M |
| Short-Term Investments | $1.0B |
| Net Receivables | $400M |
| Inventory | $0 |
| Other Current Assets | $95M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $83M |
| Goodwill | $0 |
| Intangible Assets | $1.9B |
| Long-Term Investments | $1.5B |
| Tax Assets | $81M |
| Other Non-Current Assets | $90M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $5.6B |
| Account Payables | $395M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.4B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $526M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $499M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $800.0K |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | $14.2B |
| Treasury Stock | -$14.6B |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $5.6B |
| Total Debt | $0 |
| Net Debt | -$450M |
