| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $612M | $615M | $584M | -0.4% | 4.8% |
| Op. Income | $10M | $16M | -$11M | -33.9% | 194.9% |
| Gross Margin | 70.5% | 71.0% | 70.8% | -0.5pp | -0.3pp |
| Net Margin | -1.7% | -1.2% | -4.9% | -0.5pp | 3.2pp |
| EPS (Diluted) | $-0.11 | $-0.08 | $-0.31 | -37.5% | 64.5% |
| Free Cash Flow | $130M | $112M | $77M | 16.4% | 69.8% |
| Item | Amount |
|---|---|
| REVENUE | $612M |
| Cost of Revenue | $180M |
| GROSS PROFIT | $432M |
| R&D Expenses | $82M |
| Selling & Marketing | $272M |
| General & Administrative | $64M |
| SG&A Expenses | $335M |
| Other Expenses | $4M |
| Operating Expenses | $421M |
| Cost & Expenses | $602M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $55M |
| EBIT | $17M |
| EBITDA | $72M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $55M |
| Stock-Based Compensation | $78M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $53M |
| Change in Working Capital | -$26M |
| OPERATING CASH FLOW | $150M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$14M |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | -$166M |
| Common Stock Repurchased | -$50M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$220M |
| FREE CASH FLOW | $130M |
| Net Change in Cash | -$88M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $154M |
| Short-Term Investments | $0 |
| Net Receivables | $381M |
| Inventory | $1M |
| Other Current Assets | $205M |
| TOTAL CURRENT ASSETS | $780M |
| PP&E (Net) | $222M |
| Goodwill | $84M |
| Intangible Assets | $225M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $321M |
| TOTAL NON-CURRENT ASSETS | $851M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $61M |
| Short-Term Debt | $627M |
| Deferred Revenue | $249M |
| Other Current Liabilities | $50M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $736M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $206M |
| TOTAL NON-CURRENT LIABILITIES | $964M |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$541M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$541M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $1.4B |
| Net Debt | $1.3B |
