| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $651M | $852M | $646M | -23.6% | 0.8% |
| Op. Income | -$22M | $155M | $68M | -114.4% | -132.8% |
| Gross Margin | 70.5% | 74.5% | 71.0% | -3.9pp | -0.5pp |
| Net Margin | -8.0% | 15.2% | 9.8% | -23.2pp | -17.8pp |
| EPS (Diluted) | $-0.49 | $1.01 | $0.48 | -148.5% | -202.1% |
| Free Cash Flow | $46M | $304M | $59M | -84.9% | -22.6% |
| Item | Amount |
|---|---|
| REVENUE | $651M |
| Cost of Revenue | $192M |
| GROSS PROFIT | $459M |
| R&D Expenses | $111M |
| Selling & Marketing | $189M |
| General & Administrative | $80M |
| SG&A Expenses | $269M |
| Other Expenses | $102M |
| Operating Expenses | $481M |
| Cost & Expenses | $674M |
| OPERATING INCOME | -$22M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | -$33M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | -$52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$52M |
| D&A | $27M |
| EBIT | $79M |
| EBITDA | $107M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$52M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $62M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $119M |
| Change in Working Capital | -$105M |
| OPERATING CASH FLOW | $49M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$117M |
| Sales/Maturities of Investments | $110M |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$189M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$14M |
| NET CASH FROM FINANCING | -$205M |
| FREE CASH FLOW | $46M |
| Net Change in Cash | -$162M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $649M |
| Short-Term Investments | $219M |
| Net Receivables | $171M |
| Inventory | $0 |
| Other Current Assets | $71M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $238M |
| Goodwill | $36M |
| Intangible Assets | $414M |
| Long-Term Investments | $129M |
| Tax Assets | $149M |
| Other Non-Current Assets | $45M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $2.1B |
| Account Payables | $179M |
| Short-Term Debt | $6M |
| Deferred Revenue | $22M |
| Other Current Liabilities | $189M |
| TOTAL CURRENT LIABILITIES | $519M |
| Long-Term Debt | $2.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $124M |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $105.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$268M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$910M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$910M |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $2.4B |
| Net Debt | $1.7B |
