| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $211M | $253M | $264M | -16.7% | -20.1% |
| Op. Income | $132M | $163M | $104M | -18.9% | 27.1% |
| Gross Margin | 91.6% | 92.1% | 63.3% | -0.5pp | 28.3pp |
| Net Margin | 54.9% | 52.7% | 31.0% | 2.3pp | 23.9pp |
| EPS (Diluted) | $3.45 | $4.09 | $2.88 | -15.6% | 19.8% |
| Free Cash Flow | -$34M | $164M | $41M | -121.0% | -183.4% |
| Item | Amount |
|---|---|
| REVENUE | $211M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $193M |
| R&D Expenses | $47M |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $0 |
| Operating Expenses | $61M |
| Cost & Expenses | $79M |
| OPERATING INCOME | $132M |
| Interest Income | $9M |
| Interest Expense | $10M |
| Other Income/Expenses | $387.0K |
| INCOME BEFORE TAX | $132M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $116M |
| D&A | $18M |
| EBIT | $142M |
| EBITDA | $160M |
| EPS | $4 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $211M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $193M |
| R&D Expenses | $47M |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $0 |
| Operating Expenses | $61M |
| Cost & Expenses | $79M |
| OPERATING INCOME | $132M |
| Interest Income | $9M |
| Interest Expense | $10M |
| Other Income/Expenses | $387.0K |
| INCOME BEFORE TAX | $132M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $116M |
| D&A | $18M |
| EBIT | $142M |
| EBITDA | $160M |
| EPS | $4 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $116M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $11M |
| Other Non-Cash Items | -$40M |
| Change in Working Capital | -$134M |
| OPERATING CASH FLOW | -$20M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$87M |
| Sales/Maturities of Investments | $173M |
| Other Investing Activities | -$12M |
| NET CASH FROM INVESTING | $60M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | -$12M |
| Other Financing Activities | -$32M |
| NET CASH FROM FINANCING | -$43M |
| FREE CASH FLOW | -$34M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $537M |
| Short-Term Investments | $347M |
| Net Receivables | $321M |
| Inventory | $0 |
| Other Current Assets | $38M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $42M |
| Goodwill | $22M |
| Intangible Assets | $317M |
| Long-Term Investments | $19M |
| Tax Assets | $117M |
| Other Non-Current Assets | $102M |
| TOTAL NON-CURRENT ASSETS | $620M |
| TOTAL ASSETS | $1.9B |
| Account Payables | $9M |
| Short-Term Debt | $455M |
| Deferred Revenue | $175M |
| Other Current Liabilities | $64M |
| TOTAL CURRENT LIABILITIES | $704M |
| Long-Term Debt | $16M |
| Deferred Revenue NC | $149M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $40M |
| TOTAL NON-CURRENT LIABILITIES | $221M |
| TOTAL LIABILITIES | $925M |
| Common Stock | $708.0K |
| Additional Paid-In Capital | $794M |
| Retained Earnings | $1.9B |
| Treasury Stock | -$1.7B |
| Accum. Other Comp. Income | -$202.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $937M |
| Minority Interest | $0 |
| TOTAL EQUITY | $937M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $486M |
| Net Debt | -$50M |
