| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $667M | $88M | $94M | 654.9% | 610.3% |
| Op. Income | $516M | -$131M | -$139M | 493.3% | 471.6% |
| Gross Margin | 97.9% | 58.5% | 48.0% | 39.4pp | 49.9pp |
| Net Margin | 77.8% | -91.8% | -157.2% | 169.6pp | 235.0pp |
| EPS (Diluted) | $2.93 | $-0.51 | $-1.05 | 674.5% | 379.0% |
| Free Cash Flow | -$187M | -$175M | -$91M | -6.7% | -106.0% |
| Item | Amount |
|---|---|
| REVENUE | $667M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $653M |
| R&D Expenses | $89M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $48M |
| Other Expenses | $0 |
| Operating Expenses | $137M |
| Cost & Expenses | $151M |
| OPERATING INCOME | $516M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $520M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $519M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $519M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $519M |
| D&A | $8M |
| EBIT | $526M |
| EBITDA | $534M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $667M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $653M |
| R&D Expenses | $89M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $48M |
| Other Expenses | $0 |
| Operating Expenses | $137M |
| Cost & Expenses | $151M |
| OPERATING INCOME | $516M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $520M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $519M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $519M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $519M |
| D&A | $8M |
| EBIT | $526M |
| EBITDA | $534M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $519M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $17M |
| Change in Working Capital | -$740M |
| OPERATING CASH FLOW | -$186M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$115M |
| Sales/Maturities of Investments | $43M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$73M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | -$187M |
| Net Change in Cash | -$267M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $263M |
| Short-Term Investments | $468M |
| Net Receivables | $45M |
| Inventory | $10M |
| Other Current Assets | $82M |
| TOTAL CURRENT ASSETS | $868M |
| PP&E (Net) | $291M |
| Goodwill | $112M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $22M |
| TOTAL NON-CURRENT ASSETS | $425M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $34M |
| Short-Term Debt | $0 |
| Deferred Revenue | $108M |
| Other Current Liabilities | $142M |
| TOTAL CURRENT LIABILITIES | $422M |
| Long-Term Debt | $170M |
| Deferred Revenue NC | $410M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $314M |
| TOTAL NON-CURRENT LIABILITIES | $946M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $2M |
| Additional Paid-In Capital | $4.5B |
| Retained Earnings | -$4.5B |
| Treasury Stock | -$102M |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$76M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$76M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $229M |
| Net Debt | -$35M |
