| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $608M | $597M | $569M | 1.8% | 6.9% |
| Op. Income | $192M | $177M | $191M | 8.3% | 0.4% |
| Gross Margin | 52.6% | 51.6% | 54.5% | 1.0pp | -1.9pp |
| Net Margin | 25.1% | 25.7% | 26.4% | -0.6pp | -1.3pp |
| EPS (Diluted) | $4.06 | $4.03 | $3.89 | 0.7% | 4.4% |
| Free Cash Flow | $90M | $178M | $60M | -49.2% | 49.5% |
| Item | Amount |
|---|---|
| REVENUE | $608M |
| Cost of Revenue | $288M |
| GROSS PROFIT | $320M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $128M |
| Other Expenses | $0 |
| Operating Expenses | $128M |
| Cost & Expenses | $416M |
| OPERATING INCOME | $192M |
| Interest Income | $1M |
| Interest Expense | $13M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $190M |
| Income Tax Expense | $38M |
| Net Income from Continuing Ops | $153M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $153M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $153M |
| D&A | $52M |
| EBIT | $203M |
| EBITDA | $256M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $608M |
| Cost of Revenue | $288M |
| GROSS PROFIT | $320M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $128M |
| Other Expenses | $0 |
| Operating Expenses | $128M |
| Cost & Expenses | $416M |
| OPERATING INCOME | $192M |
| Interest Income | $1M |
| Interest Expense | $13M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $190M |
| Income Tax Expense | $38M |
| Net Income from Continuing Ops | $153M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $153M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $153M |
| D&A | $52M |
| EBIT | $203M |
| EBITDA | $256M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $153M |
| Depreciation & Amortization | $52M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | -$99M |
| OPERATING CASH FLOW | $121M |
| Capital Expenditure | -$31M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$875.0K |
| Sales/Maturities of Investments | $36M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$140M |
| Common Dividends Paid | -$41M |
| Other Financing Activities | -$18M |
| NET CASH FROM FINANCING | -$191M |
| FREE CASH FLOW | $90M |
| Net Change in Cash | -$67M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $275M |
| Short-Term Investments | $17M |
| Net Receivables | $289M |
| Inventory | $0 |
| Other Current Assets | $89M |
| TOTAL CURRENT ASSETS | $709M |
| PP&E (Net) | $211M |
| Goodwill | $1.3B |
| Intangible Assets | $1.9B |
| Long-Term Investments | $4M |
| Tax Assets | $60M |
| Other Non-Current Assets | $59M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $4.2B |
| Account Payables | $149M |
| Short-Term Debt | $0 |
| Deferred Revenue | $163M |
| Other Current Liabilities | $55M |
| TOTAL CURRENT LIABILITIES | $459M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $45.0K |
| Deferred Tax Liabilities | $15M |
| Other Non-Current Liabilities | $52M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $431.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $2.4B |
| Treasury Stock | -$1.8B |
| Accum. Other Comp. Income | -$74M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $4.2B |
| Total Debt | $1.6B |
| Net Debt | $1.3B |
