| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $766M | $747M | $693M | 2.7% | 10.7% |
| Op. Income | $205M | $191M | $165M | 7.4% | 24.7% |
| Gross Margin | 81.7% | 80.8% | 80.3% | 0.9pp | 1.4pp |
| Net Margin | 21.7% | 22.1% | 20.0% | -0.4pp | 1.7pp |
| EPS (Diluted) | $2.82 | $2.80 | $2.32 | 0.7% | 21.6% |
| Free Cash Flow | $195M | $240M | $156M | -19.0% | 24.6% |
| Item | Amount |
|---|---|
| REVENUE | $766M |
| Cost of Revenue | $141M |
| GROSS PROFIT | $626M |
| R&D Expenses | $131M |
| Selling & Marketing | $206M |
| General & Administrative | $73M |
| SG&A Expenses | $279M |
| Other Expenses | $11M |
| Operating Expenses | $421M |
| Cost & Expenses | $561M |
| OPERATING INCOME | $205M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $209M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $166M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $166M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $166M |
| D&A | $23M |
| EBIT | $216M |
| EBITDA | $239M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $766M |
| Cost of Revenue | $141M |
| GROSS PROFIT | $626M |
| R&D Expenses | $131M |
| Selling & Marketing | $206M |
| General & Administrative | $73M |
| SG&A Expenses | $279M |
| Other Expenses | $11M |
| Operating Expenses | $421M |
| Cost & Expenses | $561M |
| OPERATING INCOME | $205M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $209M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $166M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $166M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $166M |
| D&A | $23M |
| EBIT | $216M |
| EBITDA | $239M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $166M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $58M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$42M |
| OPERATING CASH FLOW | $203M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$125M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | -$115M |
| FREE CASH FLOW | $195M |
| Net Change in Cash | $75M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $919M |
| Inventory | $73M |
| Other Current Assets | $52M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $348M |
| Goodwill | $2.3B |
| Intangible Assets | $101M |
| Long-Term Investments | $317M |
| Tax Assets | $378M |
| Other Non-Current Assets | $135M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $5.9B |
| Account Payables | $54M |
| Short-Term Debt | $31M |
| Deferred Revenue | $1.2B |
| Other Current Liabilities | $53M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $243M |
| Deferred Revenue NC | $729M |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | -$145M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $9M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$24M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $5.9B |
| Total Debt | $517M |
| Net Debt | -$634M |
