| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $392M | $428M | $243M | -8.3% | 61.5% |
| Op. Income | $4M | $53M | -$589M | -92.6% | 100.7% |
| Gross Margin | 90.5% | 92.6% | 88.6% | -2.0pp | 1.9pp |
| Net Margin | 6.7% | 16.6% | -236.7% | -9.9pp | 243.4pp |
| EPS (Diluted) | $0.14 | $0.39 | $-3.52 | -64.1% | 104.0% |
| Free Cash Flow | $127M | $89M | $29M | 42.0% | 333.4% |
| Item | Amount |
|---|---|
| REVENUE | $392M |
| Cost of Revenue | $37M |
| GROSS PROFIT | $355M |
| R&D Expenses | $191M |
| Selling & Marketing | $91M |
| General & Administrative | $69M |
| SG&A Expenses | $160M |
| Other Expenses | $0 |
| Operating Expenses | $351M |
| Cost & Expenses | $388M |
| OPERATING INCOME | $4M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $21M |
| INCOME BEFORE TAX | $24M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $4M |
| EBIT | $4M |
| EBITDA | $8M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $392M |
| Cost of Revenue | $37M |
| GROSS PROFIT | $355M |
| R&D Expenses | $191M |
| Selling & Marketing | $91M |
| General & Administrative | $69M |
| SG&A Expenses | $160M |
| Other Expenses | $0 |
| Operating Expenses | $351M |
| Cost & Expenses | $388M |
| OPERATING INCOME | $4M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $21M |
| INCOME BEFORE TAX | $24M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $4M |
| EBIT | $4M |
| EBITDA | $8M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $26M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $85M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | $20M |
| OPERATING CASH FLOW | $128M |
| Capital Expenditure | -$979.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$505M |
| Sales/Maturities of Investments | $477M |
| Other Investing Activities | $889.0K |
| NET CASH FROM INVESTING | -$28M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$37M |
| NET CASH FROM FINANCING | -$26M |
| FREE CASH FLOW | $127M |
| Net Change in Cash | $74M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $636M |
| Short-Term Investments | $1.3B |
| Net Receivables | $351M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $35M |
| Goodwill | $42M |
| Intangible Assets | $23M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $108M |
| TOTAL ASSETS | $2.4B |
| Account Payables | $44M |
| Short-Term Debt | $0 |
| Deferred Revenue | $21M |
| Other Current Liabilities | $73M |
| TOTAL CURRENT LIABILITIES | $187M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $33M |
| TOTAL LIABILITIES | $220M |
| Common Stock | $18.0K |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $27M |
| Net Debt | -$609M |
