| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $855M | $1.2B | $740M | -25.9% | 15.5% |
| Op. Income | -$35M | $262M | -$54M | -113.6% | 34.8% |
| Gross Margin | 76.7% | 82.9% | 75.5% | -6.2pp | 1.2pp |
| Net Margin | 1.0% | 160.1% | -3.4% | -159.0pp | 4.4pp |
| EPS (Diluted) | $0.01 | $2.68 | $-0.04 | -99.5% | 135.2% |
| Free Cash Flow | $356M | $250M | $344M | 42.5% | 3.6% |
| Item | Amount |
|---|---|
| REVENUE | $855M |
| Cost of Revenue | $199M |
| GROSS PROFIT | $656M |
| R&D Expenses | $332M |
| Selling & Marketing | $254M |
| General & Administrative | $106M |
| SG&A Expenses | $360M |
| Other Expenses | $0 |
| Operating Expenses | $691M |
| Cost & Expenses | $890M |
| OPERATING INCOME | -$35M |
| Interest Income | $27M |
| Interest Expense | $0 |
| Other Income/Expenses | $32M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | -$13M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $6M |
| EBIT | -$35M |
| EBITDA | -$30M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $187M |
| Deferred Income Tax | -$22M |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $188M |
| OPERATING CASH FLOW | $364M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$415M |
| Sales/Maturities of Investments | $435M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $12M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$175M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$94M |
| NET CASH FROM FINANCING | -$261M |
| FREE CASH FLOW | $356M |
| Net Change in Cash | $116M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $1.4B |
| Net Receivables | $710M |
| Inventory | $0 |
| Other Current Assets | $77M |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $131M |
| Goodwill | $0 |
| Intangible Assets | $110M |
| Long-Term Investments | $5M |
| Tax Assets | $1.6B |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $5.3B |
| Account Payables | $97M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $308M |
| TOTAL CURRENT LIABILITIES | $404M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $46M |
| TOTAL NON-CURRENT LIABILITIES | $190M |
| TOTAL LIABILITIES | $594M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $5.0B |
| Retained Earnings | -$279M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.7B |
| TOTAL LIABILITIES & EQUITY | $5.3B |
| Total Debt | $144M |
| Net Debt | -$1.1B |
