| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | — | $2.1B | — | 15.7% |
| Op. Income | $309M | — | $286M | — | 8.0% |
| Gross Margin | 74.2% | — | 74.1% | — | 0.1pp |
| Net Margin | 13.5% | — | 16.4% | — | -2.9pp |
| EPS (Diluted) | $0.47 | — | $0.49 | — | -4.1% |
| Free Cash Flow | $1.7B | — | $1.5B | — | 15.1% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $638M |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $528M |
| Selling & Marketing | $820M |
| General & Administrative | $179M |
| SG&A Expenses | $999M |
| Other Expenses | $0 |
| Operating Expenses | $1.5B |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $309M |
| Interest Income | $105M |
| Interest Expense | $0 |
| Other Income/Expenses | $103M |
| INCOME BEFORE TAX | $412M |
| Income Tax Expense | $78M |
| Net Income from Continuing Ops | $334M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $334M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $334M |
| D&A | $89M |
| EBIT | $412M |
| EBITDA | $501M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $638M |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $528M |
| Selling & Marketing | $820M |
| General & Administrative | $179M |
| SG&A Expenses | $999M |
| Other Expenses | $0 |
| Operating Expenses | $1.5B |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $309M |
| Interest Income | $105M |
| Interest Expense | $0 |
| Other Income/Expenses | $103M |
| INCOME BEFORE TAX | $412M |
| Income Tax Expense | $78M |
| Net Income from Continuing Ops | $334M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $334M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $334M |
| D&A | $89M |
| EBIT | $412M |
| EBITDA | $501M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $334M |
| Depreciation & Amortization | $215M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | $368M |
| Change in Working Capital | $845M |
| OPERATING CASH FLOW | $1.8B |
| Capital Expenditure | -$84M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$1.4B |
| Sales/Maturities of Investments | $504M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$983M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$122M |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | $1.7B |
| Net Change in Cash | $796M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.1B |
| Short-Term Investments | $1.1B |
| Net Receivables | $2.1B |
| Inventory | $0 |
| Other Current Assets | $596M |
| TOTAL CURRENT ASSETS | $6.9B |
| PP&E (Net) | $747M |
| Goodwill | $4.6B |
| Intangible Assets | $723M |
| Long-Term Investments | $6.8B |
| Tax Assets | $2.4B |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $16.6B |
| TOTAL ASSETS | $23.5B |
| Account Payables | $223M |
| Short-Term Debt | $0 |
| Deferred Revenue | $6.1B |
| Other Current Liabilities | $665M |
| TOTAL CURRENT LIABILITIES | $7.4B |
| Long-Term Debt | $346M |
| Deferred Revenue NC | $6.1B |
| Deferred Tax Liabilities | $96M |
| Other Non-Current Liabilities | $567M |
| TOTAL NON-CURRENT LIABILITIES | $7.5B |
| TOTAL LIABILITIES | $14.9B |
| Common Stock | $5.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $67M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.7B |
| TOTAL LIABILITIES & EQUITY | $23.5B |
| Total Debt | $692M |
| Net Debt | -$2.4B |
