| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $229M | $226M | $186M | 1.6% | 22.9% |
| Op. Income | -$87M | -$80M | -$81M | -9.0% | -8.5% |
| Gross Margin | 75.3% | 74.7% | 73.1% | 0.6pp | 2.2pp |
| Net Margin | -90.9% | -31.4% | -37.6% | -59.5pp | -53.3pp |
| EPS (Diluted) | $-0.63 | $-0.22 | $-0.23 | -186.4% | -173.9% |
| Free Cash Flow | $45M | -$9M | $34M | 608.8% | 34.9% |
| Item | Amount |
|---|---|
| REVENUE | $229M |
| Cost of Revenue | $57M |
| GROSS PROFIT | $172M |
| R&D Expenses | $72M |
| Selling & Marketing | $134M |
| General & Administrative | $49M |
| SG&A Expenses | $183M |
| Other Expenses | $5M |
| Operating Expenses | $260M |
| Cost & Expenses | $317M |
| OPERATING INCOME | -$87M |
| Interest Income | $12M |
| Interest Expense | $0 |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | -$75M |
| Income Tax Expense | $133M |
| Net Income from Continuing Ops | -$208M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$208M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$208M |
| D&A | $11M |
| EBIT | -$82M |
| EBITDA | -$71M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$208M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $69M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $20M |
| Change in Working Capital | $161M |
| OPERATING CASH FLOW | $52M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$167M |
| Sales/Maturities of Investments | $109M |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$66M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $12M |
| NET CASH FROM FINANCING | $12M |
| FREE CASH FLOW | $45M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $189M |
| Short-Term Investments | $578M |
| Net Receivables | $155M |
| Inventory | $0 |
| Other Current Assets | $109M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $76M |
| Goodwill | $630M |
| Intangible Assets | $101M |
| Long-Term Investments | $440M |
| Tax Assets | $0 |
| Other Non-Current Assets | $107M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.4B |
| Account Payables | $22M |
| Short-Term Debt | $0 |
| Deferred Revenue | $454M |
| Other Current Liabilities | $51M |
| TOTAL CURRENT LIABILITIES | $589M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $92M |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $139M |
| TOTAL NON-CURRENT LIABILITIES | $248M |
| TOTAL LIABILITIES | $837M |
| Common Stock | $33.0K |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | -$1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $13M |
| Net Debt | -$176M |
