| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $318M | $317M | $319M | 0.3% | -0.5% |
| Op. Income | $188M | $189M | $199M | -0.4% | -5.1% |
| Gross Margin | 90.5% | 94.8% | 97.2% | -4.3pp | -6.7pp |
| Net Margin | 45.5% | 46.8% | 47.7% | -1.3pp | -2.2pp |
| EPS (Diluted) | $0.98 | $0.98 | $0.98 | 0.0% | 0.0% |
| Free Cash Flow | $67M | -$270M | $49M | 124.7% | 34.6% |
| Item | Amount |
|---|---|
| REVENUE | $318M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $287M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $99M |
| Operating Expenses | $99M |
| Cost & Expenses | $129M |
| OPERATING INCOME | $188M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $188M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $145M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $145M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $145M |
| D&A | $14M |
| EBIT | $211M |
| EBITDA | $225M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $318M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $287M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $99M |
| Operating Expenses | $99M |
| Cost & Expenses | $129M |
| OPERATING INCOME | $188M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $188M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $145M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $145M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $145M |
| D&A | $14M |
| EBIT | $211M |
| EBITDA | $225M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $145M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $43M |
| Other Non-Cash Items | -$128M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $68M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$292M |
| Sales/Maturities of Investments | $360M |
| Other Investing Activities | $39M |
| NET CASH FROM INVESTING | $106M |
| Net Debt Issuance | $49M |
| Common Stock Repurchased | -$209M |
| Common Dividends Paid | -$37M |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | -$187M |
| FREE CASH FLOW | $67M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $24M |
| Short-Term Investments | $5.6B |
| Net Receivables | $168M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.8B |
| PP&E (Net) | $26M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.9B |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $8.8B |
| Account Payables | $0 |
| Short-Term Debt | $22M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $125M |
| TOTAL CURRENT LIABILITIES | $148M |
| Long-Term Debt | $2.3B |
| Deferred Revenue NC | $13M |
| Deferred Tax Liabilities | $804M |
| Other Non-Current Liabilities | $833M |
| TOTAL NON-CURRENT LIABILITIES | $4.0B |
| TOTAL LIABILITIES | $4.2B |
| Common Stock | $162.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $4.8B |
| Treasury Stock | -$969M |
| Accum. Other Comp. Income | -$295M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.6B |
| TOTAL LIABILITIES & EQUITY | $8.8B |
| Total Debt | $2.4B |
| Net Debt | $2.4B |
