| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $573M | $628M | $515M | -8.8% | 11.1% |
| Op. Income | $24M | $142M | $99M | -83.4% | -76.2% |
| Gross Margin | 98.4% | 98.5% | 98.5% | -0.1pp | -0.2pp |
| Net Margin | 1.4% | 16.4% | 8.4% | -15.0pp | -7.0pp |
| EPS (Diluted) | $0.08 | $1.00 | $0.42 | -92.0% | -81.0% |
| Free Cash Flow | $54M | $235M | $119M | -77.0% | -54.6% |
| Item | Amount |
|---|---|
| REVENUE | $573M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $563M |
| R&D Expenses | $263M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $277M |
| Other Expenses | $100.0K |
| Operating Expenses | $540M |
| Cost & Expenses | $549M |
| OPERATING INCOME | $24M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $8M |
| EBIT | $24M |
| EBITDA | $31M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $573M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $563M |
| R&D Expenses | $263M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $277M |
| Other Expenses | $100.0K |
| Operating Expenses | $540M |
| Cost & Expenses | $549M |
| OPERATING INCOME | $24M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $8M |
| EBIT | $24M |
| EBITDA | $31M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $53M |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | $34M |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | $65M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$273M |
| Sales/Maturities of Investments | $298M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $14M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$150M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$118M |
| FREE CASH FLOW | $54M |
| Net Change in Cash | -$39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $194M |
| Short-Term Investments | $749M |
| Net Receivables | $516M |
| Inventory | $59M |
| Other Current Assets | $119M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $589M |
| Goodwill | $0 |
| Intangible Assets | $36M |
| Long-Term Investments | $910M |
| Tax Assets | $499M |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $3.7B |
| Account Payables | $110M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $260M |
| TOTAL CURRENT LIABILITIES | $523M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $182M |
| TOTAL NON-CURRENT LIABILITIES | $629M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | -$5M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $448M |
| Net Debt | $253M |
