| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.7B | $1.4B | -7.3% | 13.8% |
| Op. Income | $454M | $574M | $321M | -21.0% | 41.3% |
| Gross Margin | 81.0% | 81.1% | 77.5% | -0.1pp | 3.5pp |
| Net Margin | 28.1% | 31.7% | 22.1% | -3.5pp | 6.0pp |
| EPS (Diluted) | $0.56 | $0.68 | $0.39 | -17.6% | 43.6% |
| Free Cash Flow | $797M | $380M | $609M | 109.7% | 30.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $293M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $199M |
| Selling & Marketing | $543M |
| General & Administrative | $58M |
| SG&A Expenses | $601M |
| Other Expenses | -$6M |
| Operating Expenses | $793M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $454M |
| Interest Income | $44M |
| Interest Expense | $5M |
| Other Income/Expenses | $76M |
| INCOME BEFORE TAX | $530M |
| Income Tax Expense | $97M |
| Net Income from Continuing Ops | $433M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $433M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $433M |
| D&A | $36M |
| EBIT | $524M |
| EBITDA | $560M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $293M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $199M |
| Selling & Marketing | $543M |
| General & Administrative | $58M |
| SG&A Expenses | $601M |
| Other Expenses | -$6M |
| Operating Expenses | $793M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $454M |
| Interest Income | $44M |
| Interest Expense | $5M |
| Other Income/Expenses | $76M |
| INCOME BEFORE TAX | $530M |
| Income Tax Expense | $97M |
| Net Income from Continuing Ops | $433M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $433M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $433M |
| D&A | $36M |
| EBIT | $524M |
| EBITDA | $560M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $433M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $66M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $32M |
| Change in Working Capital | $296M |
| OPERATING CASH FLOW | $863M |
| Capital Expenditure | -$67M |
| Acquisitions (Net) | -$11M |
| Purchases of Investments | -$503M |
| Sales/Maturities of Investments | $470M |
| Other Investing Activities | $200.0K |
| NET CASH FROM INVESTING | -$111M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$53M |
| NET CASH FROM FINANCING | -$33M |
| FREE CASH FLOW | $797M |
| Net Change in Cash | $721M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.6B |
| Short-Term Investments | $1.2B |
| Net Receivables | $1.2B |
| Inventory | $363M |
| Other Current Assets | $125M |
| TOTAL CURRENT ASSETS | $6.4B |
| PP&E (Net) | $1.4B |
| Goodwill | $236M |
| Intangible Assets | $121M |
| Long-Term Investments | $35M |
| Tax Assets | $1.4B |
| Other Non-Current Assets | $756M |
| TOTAL NON-CURRENT ASSETS | $4.0B |
| TOTAL ASSETS | $10.4B |
| Account Payables | $225M |
| Short-Term Debt | $499M |
| Deferred Revenue | $3.3B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4.7B |
| Long-Term Debt | $496M |
| Deferred Revenue NC | $3.1B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $141M |
| TOTAL NON-CURRENT LIABILITIES | $3.7B |
| TOTAL LIABILITIES | $8.4B |
| Common Stock | $800.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $316M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$23M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $10.4B |
| Total Debt | $995M |
| Net Debt | -$2.6B |
