| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.2B | $881M | -10.7% | 19.5% |
| Op. Income | $217M | $297M | $90M | -27.1% | 139.7% |
| Gross Margin | 91.5% | 91.1% | 91.2% | 0.4pp | 0.3pp |
| Net Margin | 15.0% | 17.1% | 19.2% | -2.0pp | -4.2pp |
| EPS (Diluted) | $0.80 | $1.02 | $0.75 | -21.6% | 6.7% |
| Free Cash Flow | $263M | $364M | $209M | -27.7% | 25.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $90M |
| GROSS PROFIT | $963M |
| R&D Expenses | $437M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $309M |
| Other Expenses | $0 |
| Operating Expenses | $747M |
| Cost & Expenses | $836M |
| OPERATING INCOME | $217M |
| Interest Income | $23M |
| Interest Expense | $660.0K |
| Other Income/Expenses | $17M |
| INCOME BEFORE TAX | $234M |
| Income Tax Expense | $76M |
| Net Income from Continuing Ops | $158M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $158M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $158M |
| D&A | $22M |
| EBIT | $235M |
| EBITDA | $257M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $90M |
| GROSS PROFIT | $963M |
| R&D Expenses | $437M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $309M |
| Other Expenses | $0 |
| Operating Expenses | $747M |
| Cost & Expenses | $836M |
| OPERATING INCOME | $217M |
| Interest Income | $23M |
| Interest Expense | $660.0K |
| Other Income/Expenses | $17M |
| INCOME BEFORE TAX | $234M |
| Income Tax Expense | $76M |
| Net Income from Continuing Ops | $158M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $158M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $158M |
| D&A | $22M |
| EBIT | $235M |
| EBITDA | $257M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $158M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $61M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $18M |
| Change in Working Capital | $13M |
| OPERATING CASH FLOW | $266M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$41M |
| Sales/Maturities of Investments | $46M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $1M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | $263M |
| Net Change in Cash | $254M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $467M |
| Net Receivables | $823M |
| Inventory | $64M |
| Other Current Assets | $212M |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $795M |
| Goodwill | $156M |
| Intangible Assets | $108M |
| Long-Term Investments | $17M |
| Tax Assets | $769M |
| Other Non-Current Assets | $397M |
| TOTAL NON-CURRENT ASSETS | $2.2B |
| TOTAL ASSETS | $5.7B |
| Account Payables | $196M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $687M |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $329M |
| TOTAL NON-CURRENT LIABILITIES | $362M |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $193.0K |
| Additional Paid-In Capital | $4.6B |
| Retained Earnings | -$915M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $5.7B |
| Total Debt | $43M |
| Net Debt | -$1.9B |
