| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $536M | $473M | $523M | 13.2% | 2.4% |
| Op. Income | $96M | $28M | $76M | 246.5% | 27.0% |
| Gross Margin | 77.0% | 83.4% | 76.0% | -6.5pp | 0.9pp |
| Net Margin | 0.1% | -33.1% | -1.8% | 33.2pp | 1.9pp |
| EPS (Diluted) | $0.00 | $-0.82 | $-0.05 | 100.3% | 105.3% |
| Free Cash Flow | -$136M | -$99M | -$38M | -36.9% | -259.2% |
| Item | Amount |
|---|---|
| REVENUE | $536M |
| Cost of Revenue | $123M |
| GROSS PROFIT | $412M |
| R&D Expenses | $65M |
| Selling & Marketing | $87M |
| General & Administrative | $75M |
| SG&A Expenses | $163M |
| Other Expenses | $88M |
| Operating Expenses | $316M |
| Cost & Expenses | $439M |
| OPERATING INCOME | $96M |
| Interest Income | $0 |
| Interest Expense | $59M |
| Other Income/Expenses | -$59M |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $502.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $502.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $502.0K |
| D&A | $88M |
| EBIT | $96M |
| EBITDA | $184M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $536M |
| Cost of Revenue | $123M |
| GROSS PROFIT | $412M |
| R&D Expenses | $65M |
| Selling & Marketing | $87M |
| General & Administrative | $75M |
| SG&A Expenses | $163M |
| Other Expenses | $88M |
| Operating Expenses | $316M |
| Cost & Expenses | $439M |
| OPERATING INCOME | $96M |
| Interest Income | $0 |
| Interest Expense | $59M |
| Other Income/Expenses | -$59M |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $502.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $502.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $502.0K |
| D&A | $88M |
| EBIT | $96M |
| EBITDA | $184M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $502.0K |
| Depreciation & Amortization | $88M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $864.0K |
| Other Non-Cash Items | $48M |
| Change in Working Capital | -$234M |
| OPERATING CASH FLOW | -$97M |
| Capital Expenditure | -$39M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$39M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | -$136M |
| Net Change in Cash | -$142M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $247M |
| Short-Term Investments | $0 |
| Net Receivables | $445M |
| Inventory | $161M |
| Other Current Assets | $129M |
| TOTAL CURRENT ASSETS | $992M |
| PP&E (Net) | $146M |
| Goodwill | $2.6B |
| Intangible Assets | $1.6B |
| Long-Term Investments | $0 |
| Tax Assets | $7M |
| Other Non-Current Assets | $329M |
| TOTAL NON-CURRENT ASSETS | $4.7B |
| TOTAL ASSETS | $5.7B |
| Account Payables | $117M |
| Short-Term Debt | $13M |
| Deferred Revenue | $738M |
| Other Current Liabilities | $116M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $913M |
| Deferred Tax Liabilities | $15M |
| Other Non-Current Liabilities | $22M |
| TOTAL NON-CURRENT LIABILITIES | $4.2B |
| TOTAL LIABILITIES | $5.4B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $89.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $283M |
| Minority Interest | $0 |
| TOTAL EQUITY | $283M |
| TOTAL LIABILITIES & EQUITY | $5.7B |
| Total Debt | $3.3B |
| Net Debt | $3.0B |
