| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $127M | $118M | $108M | 7.3% | 16.8% |
| Op. Income | $46M | $42M | $30M | 10.0% | 55.1% |
| Gross Margin | 89.3% | 89.4% | 87.9% | -0.1pp | 1.4pp |
| Net Margin | 32.7% | 34.4% | 26.2% | -1.7pp | 6.5pp |
| EPS (Diluted) | $0.21 | $0.20 | $0.13 | 5.0% | 61.5% |
| Free Cash Flow | $40M | $62M | $56M | -36.5% | -28.9% |
| Item | Amount |
|---|---|
| REVENUE | $127M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $113M |
| R&D Expenses | $23M |
| Selling & Marketing | $35M |
| General & Administrative | $9M |
| SG&A Expenses | $44M |
| Other Expenses | $0 |
| Operating Expenses | $67M |
| Cost & Expenses | $81M |
| OPERATING INCOME | $46M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $53M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $41M |
| D&A | $3M |
| EBIT | $46M |
| EBITDA | $49M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $127M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $113M |
| R&D Expenses | $23M |
| Selling & Marketing | $35M |
| General & Administrative | $9M |
| SG&A Expenses | $44M |
| Other Expenses | $0 |
| Operating Expenses | $67M |
| Cost & Expenses | $81M |
| OPERATING INCOME | $46M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $53M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $41M |
| D&A | $3M |
| EBIT | $46M |
| EBITDA | $49M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $41M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $311.0K |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | $41M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$170M |
| Sales/Maturities of Investments | $202M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $30M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$51M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$57M |
| FREE CASH FLOW | $40M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $111M |
| Short-Term Investments | $639M |
| Net Receivables | $121M |
| Inventory | $0 |
| Other Current Assets | $37M |
| TOTAL CURRENT ASSETS | $908M |
| PP&E (Net) | $25M |
| Goodwill | $68M |
| Intangible Assets | $26M |
| Long-Term Investments | $0 |
| Tax Assets | $45M |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $165M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $103M |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $135M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $116.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $25M |
| TOTAL LIABILITIES | $160M |
| Common Stock | $186.0K |
| Additional Paid-In Capital | $841M |
| Retained Earnings | $73M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $914M |
| Minority Interest | $0 |
| TOTAL EQUITY | $914M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $14M |
| Net Debt | -$97M |
