| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $333M | $357M | $263M | -6.7% | 26.5% |
| Op. Income | $18M | $30M | -$5M | -37.6% | 491.5% |
| Gross Margin | 63.0% | 65.0% | 60.2% | -2.0pp | 2.7pp |
| Net Margin | 9.4% | 14.6% | 3.5% | -5.2pp | 5.9pp |
| EPS (Diluted) | $0.36 | $0.60 | $0.11 | -40.0% | 227.3% |
| Free Cash Flow | -$72M | $241M | -$67M | -129.9% | -7.3% |
| Item | Amount |
|---|---|
| REVENUE | $333M |
| Cost of Revenue | $123M |
| GROSS PROFIT | $210M |
| R&D Expenses | $78M |
| Selling & Marketing | $64M |
| General & Administrative | $48M |
| SG&A Expenses | $113M |
| Other Expenses | $0 |
| Operating Expenses | $191M |
| Cost & Expenses | $314M |
| OPERATING INCOME | $18M |
| Interest Income | $15M |
| Interest Expense | $3M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $25M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $6M |
| EBIT | $28M |
| EBITDA | $34M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $333M |
| Cost of Revenue | $123M |
| GROSS PROFIT | $210M |
| R&D Expenses | $78M |
| Selling & Marketing | $64M |
| General & Administrative | $48M |
| SG&A Expenses | $113M |
| Other Expenses | $0 |
| Operating Expenses | $191M |
| Cost & Expenses | $314M |
| OPERATING INCOME | $18M |
| Interest Income | $15M |
| Interest Expense | $3M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $25M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $6M |
| EBIT | $28M |
| EBITDA | $34M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $31M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $43M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$150M |
| OPERATING CASH FLOW | -$67M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$319M |
| Sales/Maturities of Investments | $190M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$139M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $413.0K |
| NET CASH FROM FINANCING | $413.0K |
| FREE CASH FLOW | -$72M |
| Net Change in Cash | -$206M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $492M |
| Short-Term Investments | $520M |
| Net Receivables | $258M |
| Inventory | $0 |
| Other Current Assets | $87M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $103M |
| Goodwill | $394M |
| Intangible Assets | $11M |
| Long-Term Investments | $397M |
| Tax Assets | $305M |
| Other Non-Current Assets | $72M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $34M |
| Short-Term Debt | $0 |
| Deferred Revenue | $254M |
| Other Current Liabilities | $32M |
| TOTAL CURRENT LIABILITIES | $390M |
| Long-Term Debt | $675M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $716M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$523M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $705M |
| Net Debt | $212M |
