| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $430M | $504M | $476M | -14.7% | -9.6% |
| Op. Income | $37M | $104M | $127M | -64.4% | -70.7% |
| Gross Margin | 75.2% | 79.5% | 78.5% | -4.3pp | -3.3pp |
| Net Margin | 7.6% | 46.5% | 18.0% | -38.9pp | -10.3pp |
| EPS (Diluted) | $0.18 | $1.27 | $0.45 | -85.8% | -60.0% |
| Free Cash Flow | $207M | $152M | $202M | 35.5% | 2.1% |
| Item | Amount |
|---|---|
| REVENUE | $430M |
| Cost of Revenue | $107M |
| GROSS PROFIT | $323M |
| R&D Expenses | $82M |
| Selling & Marketing | $156M |
| General & Administrative | $49M |
| SG&A Expenses | $204M |
| Other Expenses | -$153.0K |
| Operating Expenses | $286M |
| Cost & Expenses | $393M |
| OPERATING INCOME | $37M |
| Interest Income | $3M |
| Interest Expense | $44.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $44.0K |
| EBIT | $40M |
| EBITDA | $40M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $430M |
| Cost of Revenue | $107M |
| GROSS PROFIT | $323M |
| R&D Expenses | $82M |
| Selling & Marketing | $156M |
| General & Administrative | $49M |
| SG&A Expenses | $204M |
| Other Expenses | -$153.0K |
| Operating Expenses | $286M |
| Cost & Expenses | $393M |
| OPERATING INCOME | $37M |
| Interest Income | $3M |
| Interest Expense | $44.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $44.0K |
| EBIT | $40M |
| EBITDA | $40M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $33M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $46M |
| Deferred Income Tax | $318.0K |
| Other Non-Cash Items | $16M |
| Change in Working Capital | $111M |
| OPERATING CASH FLOW | $212M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$18M |
| Sales/Maturities of Investments | $27M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$169M |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$154M |
| FREE CASH FLOW | $207M |
| Net Change in Cash | $58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $270M |
| Short-Term Investments | $204M |
| Net Receivables | $316M |
| Inventory | $0 |
| Other Current Assets | $114M |
| TOTAL CURRENT ASSETS | $904M |
| PP&E (Net) | $0 |
| Goodwill | $81M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $174M |
| Other Non-Current Assets | $391M |
| TOTAL NON-CURRENT ASSETS | $647M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $557M |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $743M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $45M |
| TOTAL NON-CURRENT LIABILITIES | $102M |
| TOTAL LIABILITIES | $845M |
| Common Stock | $2M |
| Additional Paid-In Capital | $227M |
| Retained Earnings | $491M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $706M |
| Minority Interest | $0 |
| TOTAL EQUITY | $706M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $57M |
| Net Debt | -$213M |
