| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $357M | $424M | $335M | -15.8% | 6.4% |
| Op. Income | -$16M | $34M | -$49M | -148.8% | 66.8% |
| Gross Margin | 82.1% | 84.8% | 83.3% | -2.7pp | -1.2pp |
| Net Margin | -6.3% | 12.2% | -8.6% | -18.6pp | 2.3pp |
| EPS (Diluted) | $-0.04 | $0.09 | $-0.05 | -145.7% | 18.5% |
| Free Cash Flow | $106M | $139M | $99M | -23.4% | 7.5% |
| Item | Amount |
|---|---|
| REVENUE | $357M |
| Cost of Revenue | $64M |
| GROSS PROFIT | $293M |
| R&D Expenses | $95M |
| Selling & Marketing | $160M |
| General & Administrative | -$160M |
| SG&A Expenses | $214M |
| Other Expenses | $0 |
| Operating Expenses | $309M |
| Cost & Expenses | $373M |
| OPERATING INCOME | -$16M |
| Interest Income | $13M |
| Interest Expense | $0 |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $3M |
| EBIT | -$16M |
| EBITDA | -$13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $76M |
| Deferred Income Tax | $640.0K |
| Other Non-Cash Items | $38M |
| Change in Working Capital | $23M |
| OPERATING CASH FLOW | $119M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | -$25M |
| Purchases of Investments | -$153M |
| Sales/Maturities of Investments | $111M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$80M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$228M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$235M |
| FREE CASH FLOW | $106M |
| Net Change in Cash | -$179M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $701M |
| Short-Term Investments | $854M |
| Net Receivables | $371M |
| Inventory | $0 |
| Other Current Assets | $116M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $108M |
| Goodwill | $121M |
| Intangible Assets | $24M |
| Long-Term Investments | $36M |
| Tax Assets | $29M |
| Other Non-Current Assets | $215M |
| TOTAL NON-CURRENT ASSETS | $535M |
| TOTAL ASSETS | $2.6B |
| Account Payables | $17M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $582M |
| TOTAL CURRENT LIABILITIES | $716M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $141M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $230M |
| TOTAL LIABILITIES | $946M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $4.4B |
| Retained Earnings | -$2.0B |
| Treasury Stock | -$724M |
| Accum. Other Comp. Income | $30M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $79M |
| Net Debt | -$622M |
