| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $714M | $703M | $617M | 1.6% | 15.7% |
| Op. Income | -$27M | -$11M | -$23M | -154.4% | -18.3% |
| Gross Margin | 83.9% | 85.3% | 84.6% | -1.4pp | -0.7pp |
| Net Margin | -3.1% | 0.7% | 1.0% | -3.8pp | -4.0pp |
| EPS (Diluted) | $-0.42 | $0.09 | $0.12 | -566.7% | -450.0% |
| Free Cash Flow | $148M | $181M | $100M | -18.3% | 48.9% |
| Item | Amount |
|---|---|
| REVENUE | $714M |
| Cost of Revenue | $115M |
| GROSS PROFIT | $599M |
| R&D Expenses | $220M |
| Selling & Marketing | $327M |
| General & Administrative | $79M |
| SG&A Expenses | $405M |
| Other Expenses | $1M |
| Operating Expenses | $627M |
| Cost & Expenses | $742M |
| OPERATING INCOME | -$27M |
| Interest Income | $21M |
| Interest Expense | $644.0K |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$22M |
| D&A | $29M |
| EBIT | -$9M |
| EBITDA | $20M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $117M |
| Deferred Income Tax | -$335.0K |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | $47M |
| OPERATING CASH FLOW | $162M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | -$51M |
| Purchases of Investments | -$685M |
| Sales/Maturities of Investments | $803M |
| Other Investing Activities | -$30M |
| NET CASH FROM INVESTING | $23M |
| Net Debt Issuance | -$91M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$80M |
| FREE CASH FLOW | $148M |
| Net Change in Cash | $112M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $625M |
| Short-Term Investments | $1.4B |
| Net Receivables | $295M |
| Inventory | $0 |
| Other Current Assets | $277M |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $340M |
| Goodwill | $255M |
| Intangible Assets | $211M |
| Long-Term Investments | $177M |
| Tax Assets | $0 |
| Other Non-Current Assets | $300M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $3.9B |
| Account Payables | $22M |
| Short-Term Debt | $369M |
| Deferred Revenue | $836M |
| Other Current Liabilities | $86M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $61M |
| TOTAL NON-CURRENT LIABILITIES | $315M |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $52.0K |
| Additional Paid-In Capital | $2.8B |
| Retained Earnings | -$822M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $3.9B |
| Total Debt | $655M |
| Net Debt | $30M |
