| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $519M | $475M | $392M | 9.2% | 32.3% |
| Op. Income | $9M | -$27M | $5M | 133.7% | 81.6% |
| Gross Margin | 88.4% | 88.2% | 87.9% | 0.1pp | 0.5pp |
| Net Margin | 2.5% | -4.1% | 4.1% | 6.6pp | -1.6pp |
| EPS (Diluted) | $0.20 | $-0.05 | $0.25 | 471.7% | -20.0% |
| Free Cash Flow | -$31M | — | $70M | — | -144.9% |
| Item | Amount |
|---|---|
| REVENUE | $519M |
| Cost of Revenue | $60M |
| GROSS PROFIT | $458M |
| R&D Expenses | $78M |
| Selling & Marketing | $133M |
| General & Administrative | $47M |
| SG&A Expenses | $180M |
| Other Expenses | $192M |
| Operating Expenses | $449M |
| Cost & Expenses | $510M |
| OPERATING INCOME | $9M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $7M |
| EBIT | $9M |
| EBITDA | $16M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $519M |
| Cost of Revenue | $60M |
| GROSS PROFIT | $458M |
| R&D Expenses | $78M |
| Selling & Marketing | $133M |
| General & Administrative | $47M |
| SG&A Expenses | $180M |
| Other Expenses | $192M |
| Operating Expenses | $449M |
| Cost & Expenses | $510M |
| OPERATING INCOME | $9M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $7M |
| EBIT | $9M |
| EBITDA | $16M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $13M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $70M |
| Change in Working Capital | -$125M |
| OPERATING CASH FLOW | -$27M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$39M |
| Sales/Maturities of Investments | $72M |
| Other Investing Activities | -$22M |
| NET CASH FROM INVESTING | $7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $717.0K |
| FREE CASH FLOW | -$31M |
| Net Change in Cash | -$19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $318M |
| Short-Term Investments | $336M |
| Net Receivables | $342M |
| Inventory | $0 |
| Other Current Assets | $269M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $138M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $32M |
| TOTAL NON-CURRENT ASSETS | $170M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $38M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $182M |
| TOTAL CURRENT LIABILITIES | $334M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $43M |
| TOTAL NON-CURRENT LIABILITIES | $120M |
| TOTAL LIABILITIES | $454M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $443M |
| Retained Earnings | -$2.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $294.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $982M |
| Minority Interest | $0 |
| TOTAL EQUITY | $982M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $92M |
| Net Debt | -$226M |
