| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $476M | $491M | $330M | -3.1% | 44.1% |
| Op. Income | $127M | $143M | -$20M | -11.2% | 722.1% |
| Gross Margin | 78.5% | 79.1% | 71.3% | -0.7pp | 7.1pp |
| Net Margin | 18.0% | 24.3% | -3.7% | -6.3pp | 21.6pp |
| EPS (Diluted) | $0.45 | $0.62 | $-0.07 | -27.4% | 725.9% |
| Free Cash Flow | $202M | $92M | $180M | 118.9% | 12.7% |
| Item | Amount |
|---|---|
| REVENUE | $476M |
| Cost of Revenue | $102M |
| GROSS PROFIT | $373M |
| R&D Expenses | $74M |
| Selling & Marketing | $138M |
| General & Administrative | $34M |
| SG&A Expenses | $172M |
| Other Expenses | $11.0K |
| Operating Expenses | $246M |
| Cost & Expenses | $349M |
| OPERATING INCOME | $127M |
| Interest Income | $5M |
| Interest Expense | $1M |
| Other Income/Expenses | -$679.0K |
| INCOME BEFORE TAX | $126M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $85M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $85M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $85M |
| D&A | $6M |
| EBIT | $127M |
| EBITDA | $133M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $476M |
| Cost of Revenue | $102M |
| GROSS PROFIT | $373M |
| R&D Expenses | $74M |
| Selling & Marketing | $138M |
| General & Administrative | $34M |
| SG&A Expenses | $172M |
| Other Expenses | $11.0K |
| Operating Expenses | $246M |
| Cost & Expenses | $349M |
| OPERATING INCOME | $127M |
| Interest Income | $5M |
| Interest Expense | $1M |
| Other Income/Expenses | -$679.0K |
| INCOME BEFORE TAX | $126M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $85M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $85M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $85M |
| D&A | $6M |
| EBIT | $127M |
| EBITDA | $133M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $85M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $41M |
| Deferred Income Tax | $179.0K |
| Other Non-Cash Items | $23M |
| Change in Working Capital | $48M |
| OPERATING CASH FLOW | $204M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$69M |
| Sales/Maturities of Investments | $333M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $262M |
| Net Debt Issuance | -$468M |
| Common Stock Repurchased | -$120M |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $14M |
| NET CASH FROM FINANCING | -$576M |
| FREE CASH FLOW | $202M |
| Net Change in Cash | -$106M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $231M |
| Short-Term Investments | $141M |
| Net Receivables | $425M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $846M |
| PP&E (Net) | $101M |
| Goodwill | $81M |
| Intangible Assets | $3M |
| Long-Term Investments | $22M |
| Tax Assets | $4M |
| Other Non-Current Assets | $264M |
| TOTAL NON-CURRENT ASSETS | $475M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $17M |
| Short-Term Debt | $0 |
| Deferred Revenue | $469M |
| Other Current Liabilities | $61M |
| TOTAL CURRENT LIABILITIES | $609M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $32M |
| TOTAL NON-CURRENT LIABILITIES | $102M |
| TOTAL LIABILITIES | $711M |
| Common Stock | $856.0K |
| Additional Paid-In Capital | $461M |
| Retained Earnings | $171M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$22M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $611M |
| Minority Interest | $0 |
| TOTAL EQUITY | $611M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $79M |
| Net Debt | -$152M |
