| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $146M | $138M | $127M | 5.5% | 15.2% |
| Op. Income | $55M | $49M | $46M | 12.0% | 18.4% |
| Gross Margin | 89.2% | 89.5% | 89.3% | -0.4pp | -0.1pp |
| Net Margin | 36.5% | 45.2% | 32.7% | -8.6pp | 3.9pp |
| EPS (Diluted) | $0.27 | $0.31 | $0.21 | -12.9% | 28.6% |
| Free Cash Flow | $60M | $97M | $40M | -38.0% | 52.1% |
| Item | Amount |
|---|---|
| REVENUE | $146M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $130M |
| R&D Expenses | $27M |
| Selling & Marketing | $36M |
| General & Administrative | $12M |
| SG&A Expenses | $49M |
| Other Expenses | $0 |
| Operating Expenses | $76M |
| Cost & Expenses | $91M |
| OPERATING INCOME | $55M |
| Interest Income | $10M |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | $64M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $53M |
| D&A | $3M |
| EBIT | $64M |
| EBITDA | $67M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $146M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $130M |
| R&D Expenses | $27M |
| Selling & Marketing | $36M |
| General & Administrative | $12M |
| SG&A Expenses | $49M |
| Other Expenses | $0 |
| Operating Expenses | $76M |
| Cost & Expenses | $91M |
| OPERATING INCOME | $55M |
| Interest Income | $10M |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | $64M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $53M |
| D&A | $3M |
| EBIT | $64M |
| EBITDA | $67M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $53M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | $62M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$140M |
| Sales/Maturities of Investments | $145M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$122M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$17M |
| NET CASH FROM FINANCING | -$137M |
| FREE CASH FLOW | $60M |
| Net Change in Cash | -$72M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $137M |
| Short-Term Investments | $704M |
| Net Receivables | $142M |
| Inventory | $0 |
| Other Current Assets | $52M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $23M |
| Goodwill | $68M |
| Intangible Assets | $22M |
| Long-Term Investments | $0 |
| Tax Assets | $55M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $170M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $117M |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $160M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $118.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $19M |
| TOTAL LIABILITIES | $179M |
| Common Stock | $187.0K |
| Additional Paid-In Capital | $907M |
| Retained Earnings | $117M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $12M |
| Net Debt | -$125M |
