| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $981M | $763M | $877M | 28.6% | 11.9% |
| Op. Income | $196M | -$5M | $6M | 4025.8% | 3244.4% |
| Gross Margin | 81.9% | 77.6% | 78.9% | 4.3pp | 2.9pp |
| Net Margin | 20.5% | 0.9% | 2.0% | 19.6pp | 18.5pp |
| EPS (Diluted) | $0.29 | $0.01 | $0.03 | 2859.2% | 1019.7% |
| Free Cash Flow | $254M | $108M | $57M | 136.2% | 343.8% |
| Item | Amount |
|---|---|
| REVENUE | $981M |
| Cost of Revenue | $178M |
| GROSS PROFIT | $803M |
| R&D Expenses | $268M |
| Selling & Marketing | $241M |
| General & Administrative | $98M |
| SG&A Expenses | $339M |
| Other Expenses | $0 |
| Operating Expenses | $607M |
| Cost & Expenses | $785M |
| OPERATING INCOME | $196M |
| Interest Income | $29M |
| Interest Expense | $0 |
| Other Income/Expenses | $35M |
| INCOME BEFORE TAX | $231M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $201M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $201M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $201M |
| D&A | $5M |
| EBIT | $196M |
| EBITDA | $202M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $981M |
| Cost of Revenue | $178M |
| GROSS PROFIT | $803M |
| R&D Expenses | $268M |
| Selling & Marketing | $241M |
| General & Administrative | $98M |
| SG&A Expenses | $339M |
| Other Expenses | $0 |
| Operating Expenses | $607M |
| Cost & Expenses | $785M |
| OPERATING INCOME | $196M |
| Interest Income | $29M |
| Interest Expense | $0 |
| Other Income/Expenses | $35M |
| INCOME BEFORE TAX | $231M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $201M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $201M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $201M |
| D&A | $5M |
| EBIT | $196M |
| EBITDA | $202M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $201M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $163M |
| Deferred Income Tax | $870.0K |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | -$103M |
| OPERATING CASH FLOW | $258M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$26M |
| Purchases of Investments | -$243M |
| Sales/Maturities of Investments | $269M |
| Other Investing Activities | $26M |
| NET CASH FROM INVESTING | $22M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$91M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | -$88M |
| FREE CASH FLOW | $254M |
| Net Change in Cash | $194M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $1.1B |
| Net Receivables | $763M |
| Inventory | $0 |
| Other Current Assets | $62M |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $124M |
| Goodwill | $0 |
| Intangible Assets | $117M |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $256M |
| TOTAL ASSETS | $3.6B |
| Account Payables | $79M |
| Short-Term Debt | $36M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $153M |
| TOTAL CURRENT LIABILITIES | $317M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $187M |
| TOTAL LIABILITIES | $504M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $5.2B |
| Retained Earnings | -$2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $3.6B |
| Total Debt | $196M |
| Net Debt | -$1.2B |
