| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.0B | $965M | 24.5% | 30.3% |
| Op. Income | $446M | $417M | $417M | 7.0% | 7.0% |
| Gross Margin | 78.8% | 80.3% | 80.3% | -1.5pp | -1.6pp |
| Net Margin | 10.7% | 14.1% | 18.8% | -3.3pp | -8.0pp |
| EPS (Diluted) | $0.22 | $0.23 | $0.29 | -4.3% | -24.1% |
| Free Cash Flow | $405M | $470M | $262M | -13.8% | 54.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $267M |
| GROSS PROFIT | $990M |
| R&D Expenses | $109M |
| Selling & Marketing | $297M |
| General & Administrative | $74M |
| SG&A Expenses | $371M |
| Other Expenses | $64M |
| Operating Expenses | $544M |
| Cost & Expenses | $811M |
| OPERATING INCOME | $446M |
| Interest Income | $9M |
| Interest Expense | $156M |
| Other Income/Expenses | -$146M |
| INCOME BEFORE TAX | $300M |
| Income Tax Expense | $165M |
| Net Income from Continuing Ops | $135M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $135M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $135M |
| D&A | $123M |
| EBIT | $456M |
| EBITDA | $579M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $267M |
| GROSS PROFIT | $990M |
| R&D Expenses | $109M |
| Selling & Marketing | $297M |
| General & Administrative | $74M |
| SG&A Expenses | $371M |
| Other Expenses | $64M |
| Operating Expenses | $544M |
| Cost & Expenses | $811M |
| OPERATING INCOME | $446M |
| Interest Income | $9M |
| Interest Expense | $156M |
| Other Income/Expenses | -$146M |
| INCOME BEFORE TAX | $300M |
| Income Tax Expense | $165M |
| Net Income from Continuing Ops | $135M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $135M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $135M |
| D&A | $123M |
| EBIT | $456M |
| EBITDA | $579M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $135M |
| Depreciation & Amortization | $123M |
| Stock-Based Compensation | $66M |
| Deferred Income Tax | $11M |
| Other Non-Cash Items | $137M |
| Change in Working Capital | -$63M |
| OPERATING CASH FLOW | $409M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$876M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $7M |
| NET CASH FROM INVESTING | -$873M |
| Net Debt Issuance | $550M |
| Common Stock Repurchased | -$134M |
| Common Dividends Paid | -$82M |
| Other Financing Activities | -$44M |
| NET CASH FROM FINANCING | $290M |
| FREE CASH FLOW | $405M |
| Net Change in Cash | -$178M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $820M |
| Short-Term Investments | $0 |
| Net Receivables | $313M |
| Inventory | $0 |
| Other Current Assets | $294M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $64M |
| Goodwill | $10.8B |
| Intangible Assets | $2.5B |
| Long-Term Investments | $109M |
| Tax Assets | $1.3B |
| Other Non-Current Assets | $190M |
| TOTAL NON-CURRENT ASSETS | $14.9B |
| TOTAL ASSETS | $16.4B |
| Account Payables | $90M |
| Short-Term Debt | $288M |
| Deferred Revenue | $1.2B |
| Other Current Liabilities | $1.2B |
| TOTAL CURRENT LIABILITIES | $2.9B |
| Long-Term Debt | $8.6B |
| Deferred Revenue NC | $90M |
| Deferred Tax Liabilities | $234M |
| Other Non-Current Liabilities | $2.2B |
| TOTAL NON-CURRENT LIABILITIES | $11.1B |
| TOTAL LIABILITIES | $14.0B |
| Common Stock | $2.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $160M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $26M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $16.4B |
| Total Debt | $8.9B |
| Net Debt | $8.0B |
