| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $822M | $810M | $766M | 1.5% | 7.3% |
| Op. Income | $214M | $206M | $205M | 4.1% | 4.4% |
| Gross Margin | 81.5% | 82.2% | 81.7% | -0.7pp | -0.1pp |
| Net Margin | 21.9% | 23.5% | 21.7% | -1.6pp | 0.2pp |
| EPS (Diluted) | $3.10 | $3.26 | $2.82 | -4.9% | 9.9% |
| Free Cash Flow | $149M | $192M | $195M | -22.1% | -23.2% |
| Item | Amount |
|---|---|
| REVENUE | $822M |
| Cost of Revenue | $152M |
| GROSS PROFIT | $671M |
| R&D Expenses | $141M |
| Selling & Marketing | $225M |
| General & Administrative | $91M |
| SG&A Expenses | $315M |
| Other Expenses | $0 |
| Operating Expenses | $457M |
| Cost & Expenses | $608M |
| OPERATING INCOME | $214M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $223M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $180M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $180M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $180M |
| D&A | $25M |
| EBIT | $223M |
| EBITDA | $248M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $822M |
| Cost of Revenue | $152M |
| GROSS PROFIT | $671M |
| R&D Expenses | $141M |
| Selling & Marketing | $225M |
| General & Administrative | $91M |
| SG&A Expenses | $315M |
| Other Expenses | $0 |
| Operating Expenses | $457M |
| Cost & Expenses | $608M |
| OPERATING INCOME | $214M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $223M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $180M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $180M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $180M |
| D&A | $25M |
| EBIT | $223M |
| EBITDA | $248M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $180M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $60M |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$102M |
| OPERATING CASH FLOW | $159M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$301M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | -$293M |
| FREE CASH FLOW | $149M |
| Net Change in Cash | -$144M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $1.0B |
| Inventory | $80M |
| Other Current Assets | $46M |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $348M |
| Goodwill | $2.4B |
| Intangible Assets | $84M |
| Long-Term Investments | $324M |
| Tax Assets | $456M |
| Other Non-Current Assets | $158M |
| TOTAL NON-CURRENT ASSETS | $3.8B |
| TOTAL ASSETS | $6.3B |
| Account Payables | $61M |
| Short-Term Debt | $33M |
| Deferred Revenue | $1.3B |
| Other Current Liabilities | $44M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $235M |
| Deferred Revenue NC | $809M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | -$146M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $6M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $6.3B |
| Total Debt | $503M |
| Net Debt | -$697M |
