| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $593M | $655M | $607M | -9.4% | -2.3% |
| Op. Income | $324M | $276M | $199M | 17.5% | 62.8% |
| Gross Margin | 78.0% | 66.0% | 55.7% | 12.0pp | 22.3pp |
| Net Margin | 44.3% | 42.8% | 28.0% | 1.6pp | 16.3pp |
| EPS (Diluted) | $1.84 | $1.96 | $1.08 | -6.5% | 70.4% |
| Free Cash Flow | $410M | $424M | $286M | -3.2% | 43.3% |
| Item | Amount |
|---|---|
| REVENUE | $593M |
| Cost of Revenue | $130M |
| GROSS PROFIT | $463M |
| R&D Expenses | $0 |
| Selling & Marketing | $86M |
| General & Administrative | $29M |
| SG&A Expenses | $115M |
| Other Expenses | $23M |
| Operating Expenses | $138M |
| Cost & Expenses | $269M |
| OPERATING INCOME | $324M |
| Interest Income | $275M |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $324M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $263M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $263M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $263M |
| D&A | $0 |
| EBIT | $324M |
| EBITDA | $324M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $593M |
| Cost of Revenue | $130M |
| GROSS PROFIT | $463M |
| R&D Expenses | $0 |
| Selling & Marketing | $86M |
| General & Administrative | $29M |
| SG&A Expenses | $115M |
| Other Expenses | $23M |
| Operating Expenses | $138M |
| Cost & Expenses | $269M |
| OPERATING INCOME | $324M |
| Interest Income | $275M |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $324M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $263M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $263M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $263M |
| D&A | $0 |
| EBIT | $324M |
| EBITDA | $324M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $263M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $128M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $410M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$473M |
| NET CASH FROM INVESTING | -$473M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $796M |
| NET CASH FROM FINANCING | $796M |
| FREE CASH FLOW | $410M |
| Net Change in Cash | $732M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $298M |
| Net Receivables | $341M |
| Inventory | $0 |
| Other Current Assets | $473M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $59M |
| Goodwill | $6M |
| Intangible Assets | $141M |
| Long-Term Investments | $4.8B |
| Tax Assets | $182M |
| Other Non-Current Assets | $528M |
| TOTAL NON-CURRENT ASSETS | $5.7B |
| TOTAL ASSETS | $8.1B |
| Account Payables | $0 |
| Short-Term Debt | $178M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.8B |
| Long-Term Debt | $718M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $83M |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $4.8B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $3.4B |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $8M |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $8.1B |
| Total Debt | $896M |
| Net Debt | -$358M |
