| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $335M | $405M | $290M | -17.3% | 15.7% |
| Op. Income | -$49M | $15M | -$46M | -427.8% | -6.6% |
| Gross Margin | 83.3% | 86.7% | 84.9% | -3.3pp | -1.6pp |
| Net Margin | -8.6% | 8.4% | -11.0% | -16.9pp | 2.4pp |
| EPS (Diluted) | $-0.05 | $0.06 | $-0.06 | -186.6% | 11.9% |
| Free Cash Flow | $99M | $142M | $65M | -30.3% | 50.9% |
| Item | Amount |
|---|---|
| REVENUE | $335M |
| Cost of Revenue | $56M |
| GROSS PROFIT | $279M |
| R&D Expenses | $86M |
| Selling & Marketing | $180M |
| General & Administrative | $64M |
| SG&A Expenses | $243M |
| Other Expenses | $0 |
| Operating Expenses | $329M |
| Cost & Expenses | $385M |
| OPERATING INCOME | -$49M |
| Interest Income | $14M |
| Interest Expense | $0 |
| Other Income/Expenses | $25M |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$29M |
| D&A | $5M |
| EBIT | -$49M |
| EBITDA | -$45M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$29M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $89M |
| Deferred Income Tax | $569.0K |
| Other Non-Cash Items | $18M |
| Change in Working Capital | $16M |
| OPERATING CASH FLOW | $100M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$323M |
| Sales/Maturities of Investments | $360M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $36M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$22M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$29M |
| NET CASH FROM FINANCING | -$46M |
| FREE CASH FLOW | $99M |
| Net Change in Cash | $85M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $789M |
| Net Receivables | $362M |
| Inventory | $0 |
| Other Current Assets | $95M |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $83M |
| Goodwill | $88M |
| Intangible Assets | $13M |
| Long-Term Investments | $962.0K |
| Tax Assets | $4M |
| Other Non-Current Assets | $187M |
| TOTAL NON-CURRENT ASSETS | $376M |
| TOTAL ASSETS | $2.8B |
| Account Payables | $7M |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $498M |
| TOTAL CURRENT LIABILITIES | $598M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $151M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $220M |
| TOTAL LIABILITIES | $818M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $4.1B |
| Retained Earnings | -$1.9B |
| Treasury Stock | -$125M |
| Accum. Other Comp. Income | $5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $77M |
| Net Debt | -$1.1B |
