| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $306M | $301M | $294M | 1.6% | 4.0% |
| Op. Income | $235M | $235M | $220M | -0.0% | 6.7% |
| Gross Margin | 96.3% | 96.3% | 97.8% | 0.0pp | -1.4pp |
| Net Margin | 60.6% | 61.3% | 59.1% | -0.7pp | 1.4pp |
| EPS (Diluted) | $0.75 | $0.72 | $0.64 | 4.2% | 17.2% |
| Free Cash Flow | $224M | $182M | $191M | 22.9% | 17.3% |
| Item | Amount |
|---|---|
| REVENUE | $306M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $295M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $60M |
| Operating Expenses | $60M |
| Cost & Expenses | $72M |
| OPERATING INCOME | $235M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $235M |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $185M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $185M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $185M |
| D&A | $3M |
| EBIT | $244M |
| EBITDA | $246M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $306M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $295M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $60M |
| Operating Expenses | $60M |
| Cost & Expenses | $72M |
| OPERATING INCOME | $235M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $235M |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $185M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $185M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $185M |
| D&A | $3M |
| EBIT | $244M |
| EBITDA | $246M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $185M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $10M |
| Other Non-Cash Items | -$741.0K |
| Change in Working Capital | $18M |
| OPERATING CASH FLOW | $224M |
| Capital Expenditure | -$125.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$456M |
| Sales/Maturities of Investments | $488M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $32M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$225M |
| Common Dividends Paid | -$34M |
| Other Financing Activities | -$19M |
| NET CASH FROM FINANCING | -$278M |
| FREE CASH FLOW | $224M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $207M |
| Short-Term Investments | $5.9B |
| Net Receivables | $110M |
| Inventory | $0 |
| Other Current Assets | -$6.0B |
| TOTAL CURRENT ASSETS | $213M |
| PP&E (Net) | $34M |
| Goodwill | $0 |
| Intangible Assets | $11M |
| Long-Term Investments | $5.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$5.9B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $6.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $645M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$645M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $240M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $3.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$236M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.1B |
| TOTAL LIABILITIES & EQUITY | $6.5B |
| Total Debt | $645M |
| Net Debt | $438M |
