| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $688M | $682M | $617M | 0.9% | 11.5% |
| Op. Income | $39M | $8M | -$47M | 387.5% | 183.0% |
| Gross Margin | 77.5% | 76.8% | 76.0% | 0.6pp | 1.5pp |
| Net Margin | 9.0% | 3.4% | -6.5% | 5.6pp | 15.5pp |
| EPS (Diluted) | $0.35 | $0.13 | $-0.24 | 169.2% | 245.8% |
| Free Cash Flow | $238M | $284M | $214M | -16.2% | 11.2% |
| Item | Amount |
|---|---|
| REVENUE | $688M |
| Cost of Revenue | $155M |
| GROSS PROFIT | $533M |
| R&D Expenses | $154M |
| Selling & Marketing | $237M |
| General & Administrative | $103M |
| SG&A Expenses | $340M |
| Other Expenses | $0 |
| Operating Expenses | $494M |
| Cost & Expenses | $649M |
| OPERATING INCOME | $39M |
| Interest Income | $30M |
| Interest Expense | $1M |
| Other Income/Expenses | $29M |
| INCOME BEFORE TAX | $68M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $24M |
| EBIT | $69M |
| EBITDA | $93M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $688M |
| Cost of Revenue | $155M |
| GROSS PROFIT | $533M |
| R&D Expenses | $154M |
| Selling & Marketing | $237M |
| General & Administrative | $103M |
| SG&A Expenses | $340M |
| Other Expenses | $0 |
| Operating Expenses | $494M |
| Cost & Expenses | $649M |
| OPERATING INCOME | $39M |
| Interest Income | $30M |
| Interest Expense | $1M |
| Other Income/Expenses | $29M |
| INCOME BEFORE TAX | $68M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $24M |
| EBIT | $69M |
| EBITDA | $93M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $62M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $128M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $37M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | $241M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | -$521M |
| Sales/Maturities of Investments | $407M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$120M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$45M |
| NET CASH FROM FINANCING | -$45M |
| FREE CASH FLOW | $238M |
| Net Change in Cash | $85M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $494M |
| Short-Term Investments | $2.2B |
| Net Receivables | $345M |
| Inventory | $0 |
| Other Current Assets | $295M |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $114M |
| Goodwill | $5.4B |
| Intangible Assets | $120M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $318M |
| TOTAL NON-CURRENT ASSETS | $6.0B |
| TOTAL ASSETS | $9.4B |
| Account Payables | $12M |
| Short-Term Debt | $509M |
| Deferred Revenue | $1.6B |
| Other Current Liabilities | $117M |
| TOTAL CURRENT LIABILITIES | $2.3B |
| Long-Term Debt | $349M |
| Deferred Revenue NC | $20M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $44M |
| TOTAL NON-CURRENT LIABILITIES | $502M |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $0 |
| Additional Paid-In Capital | $9.3B |
| Retained Earnings | -$2.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.6B |
| TOTAL LIABILITIES & EQUITY | $9.4B |
| Total Debt | $947M |
| Net Debt | $453M |
