| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $764M | $776M | $710M | -1.6% | 7.6% |
| Op. Income | $60M | $60M | $23M | -0.4% | 166.3% |
| Gross Margin | 79.4% | 79.4% | 78.9% | 0.0pp | 0.5pp |
| Net Margin | 9.4% | 10.8% | 4.8% | -1.3pp | 4.7pp |
| EPS (Diluted) | $0.34 | $0.39 | $0.16 | -12.8% | 112.5% |
| Free Cash Flow | $228M | $280M | $232M | -18.5% | -1.8% |
| Item | Amount |
|---|---|
| REVENUE | $764M |
| Cost of Revenue | $157M |
| GROSS PROFIT | $606M |
| R&D Expenses | $159M |
| Selling & Marketing | $296M |
| General & Administrative | $90M |
| SG&A Expenses | $387M |
| Other Expenses | $0 |
| Operating Expenses | $546M |
| Cost & Expenses | $703M |
| OPERATING INCOME | $60M |
| Interest Income | $14M |
| Interest Expense | $478.0K |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | $74M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $72M |
| D&A | $30M |
| EBIT | $74M |
| EBITDA | $105M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $764M |
| Cost of Revenue | $157M |
| GROSS PROFIT | $606M |
| R&D Expenses | $159M |
| Selling & Marketing | $296M |
| General & Administrative | $90M |
| SG&A Expenses | $387M |
| Other Expenses | $0 |
| Operating Expenses | $546M |
| Cost & Expenses | $703M |
| OPERATING INCOME | $60M |
| Interest Income | $14M |
| Interest Expense | $478.0K |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | $74M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $72M |
| D&A | $30M |
| EBIT | $74M |
| EBITDA | $105M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $72M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $146M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $73M |
| Change in Working Capital | -$66M |
| OPERATING CASH FLOW | $251M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$93M |
| Sales/Maturities of Investments | $91M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$183M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$63M |
| NET CASH FROM FINANCING | -$224M |
| FREE CASH FLOW | $228M |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $657M |
| Short-Term Investments | $291M |
| Net Receivables | $317M |
| Inventory | $0 |
| Other Current Assets | $111M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $426M |
| Goodwill | $455M |
| Intangible Assets | $69M |
| Long-Term Investments | $160M |
| Tax Assets | $845M |
| Other Non-Current Assets | $615M |
| TOTAL NON-CURRENT ASSETS | $2.6B |
| TOTAL ASSETS | $3.9B |
| Account Payables | $25M |
| Short-Term Debt | $22M |
| Deferred Revenue | $1.4B |
| Other Current Liabilities | $171M |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $24M |
| Deferred Tax Liabilities | $22M |
| Other Non-Current Liabilities | $33M |
| TOTAL NON-CURRENT LIABILITIES | $191M |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $20.0K |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | -$1.4B |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | -$18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $3.9B |
| Total Debt | $133M |
| Net Debt | -$524M |
