| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.9B | $3.1B | $3.1B | 22.8% | 25.8% |
| Op. Income | $207M | $913M | $653M | -77.3% | -68.3% |
| Gross Margin | 73.2% | 66.4% | 62.0% | 6.7pp | 11.2pp |
| Net Margin | 4.3% | 23.2% | 16.7% | -19.0pp | -12.5pp |
| EPS (Diluted) | $0.00 | $1.04 | $0.71 | -100.0% | -100.0% |
| Item | Amount |
|---|---|
| REVENUE | $3.9B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $50M |
| General & Administrative | $0 |
| SG&A Expenses | $50M |
| Other Expenses | $2.6B |
| Operating Expenses | $2.6B |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $207M |
| Interest Income | $3.0B |
| Interest Expense | $1.0B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $207M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $165M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $165M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $128M |
| D&A | $0 |
| EBIT | $207M |
| EBITDA | $207M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.9B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $50M |
| General & Administrative | $0 |
| SG&A Expenses | $50M |
| Other Expenses | $2.6B |
| Operating Expenses | $2.6B |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $207M |
| Interest Income | $3.0B |
| Interest Expense | $1.0B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $207M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $165M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $165M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $128M |
| D&A | $0 |
| EBIT | $207M |
| EBITDA | $207M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.1B |
| Short-Term Investments | $17.5B |
| Net Receivables | $174.7B |
| Inventory | $0 |
| Other Current Assets | $2.2B |
| TOTAL CURRENT ASSETS | $198.4B |
| PP&E (Net) | $3.3B |
| Goodwill | $10.0B |
| Intangible Assets | $2.8B |
| Long-Term Investments | $62.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $20.0B |
| TOTAL NON-CURRENT ASSETS | $98.6B |
| TOTAL ASSETS | $297.0B |
| Account Payables | $0 |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $233.6B |
| Other Current Liabilities | $6.6B |
| TOTAL CURRENT LIABILITIES | $244.2B |
| Long-Term Debt | $18.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $18.8B |
| TOTAL LIABILITIES | $262.9B |
| Common Stock | $2.6B |
| Additional Paid-In Capital | $15.6B |
| Retained Earnings | $25.2B |
| Treasury Stock | -$8.3B |
| Accum. Other Comp. Income | -$3.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $34.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $34.1B |
| TOTAL LIABILITIES & EQUITY | $297.0B |
| Total Debt | $20.0B |
| Net Debt | $16.0B |
