| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $700M | $722M | $659M | -3.0% | 6.2% |
| Op. Income | $148M | $154M | $121M | -4.0% | 22.0% |
| Gross Margin | 66.9% | 67.8% | 66.2% | -0.9pp | 0.6pp |
| Net Margin | 18.5% | 13.8% | 16.1% | 4.7pp | 2.3pp |
| EPS (Diluted) | $2.01 | $1.54 | $1.60 | 30.5% | 25.6% |
| Free Cash Flow | $265M | $225M | $228M | 17.5% | 16.1% |
| Item | Amount |
|---|---|
| REVENUE | $700M |
| Cost of Revenue | $232M |
| GROSS PROFIT | $468M |
| R&D Expenses | $89M |
| Selling & Marketing | $161M |
| General & Administrative | $69M |
| SG&A Expenses | $231M |
| Other Expenses | $0 |
| Operating Expenses | $320M |
| Cost & Expenses | $552M |
| OPERATING INCOME | $148M |
| Interest Income | $16M |
| Interest Expense | $0 |
| Other Income/Expenses | $16M |
| INCOME BEFORE TAX | $164M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $129M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $129M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $129M |
| D&A | $43M |
| EBIT | $148M |
| EBITDA | $192M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $700M |
| Cost of Revenue | $232M |
| GROSS PROFIT | $468M |
| R&D Expenses | $89M |
| Selling & Marketing | $161M |
| General & Administrative | $69M |
| SG&A Expenses | $231M |
| Other Expenses | $0 |
| Operating Expenses | $320M |
| Cost & Expenses | $552M |
| OPERATING INCOME | $148M |
| Interest Income | $16M |
| Interest Expense | $0 |
| Other Income/Expenses | $16M |
| INCOME BEFORE TAX | $164M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $129M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $129M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $129M |
| D&A | $43M |
| EBIT | $148M |
| EBITDA | $192M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $129M |
| Depreciation & Amortization | $43M |
| Stock-Based Compensation | $43M |
| Deferred Income Tax | -$22M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $95M |
| OPERATING CASH FLOW | $285M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | -$36M |
| Purchases of Investments | -$49M |
| Sales/Maturities of Investments | $58M |
| Other Investing Activities | -$17M |
| NET CASH FROM INVESTING | -$48M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$252M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $675.0K |
| NET CASH FROM FINANCING | -$252M |
| FREE CASH FLOW | $265M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $470M |
| Short-Term Investments | $1.1B |
| Net Receivables | $643M |
| Inventory | $0 |
| Other Current Assets | $210M |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $255M |
| Goodwill | $1.9B |
| Intangible Assets | $211M |
| Long-Term Investments | $0 |
| Tax Assets | $240M |
| Other Non-Current Assets | $206M |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $5.2B |
| Account Payables | $59M |
| Short-Term Debt | $459M |
| Deferred Revenue | $375M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $62M |
| Deferred Tax Liabilities | $654.0K |
| Other Non-Current Liabilities | $58M |
| TOTAL NON-CURRENT LIABILITIES | $188M |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $3.5B |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $5.2B |
| Total Debt | $539M |
| Net Debt | $69M |
