| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.6B | $1.2B | -12.5% | 14.1% |
| Op. Income | -$194M | -$27M | -$333M | -621.2% | 41.8% |
| Gross Margin | 53.1% | 56.9% | 51.9% | -3.8pp | 1.2pp |
| Net Margin | -10.2% | 0.6% | -25.5% | -10.8pp | 15.3pp |
| EPS (Diluted) | $-0.08 | $0.01 | $-0.19 | -1652.8% | 56.7% |
| Free Cash Flow | $114M | $182M | $38M | -37.3% | 201.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $640M |
| GROSS PROFIT | $724M |
| R&D Expenses | $424M |
| Selling & Marketing | $253M |
| General & Administrative | $227M |
| SG&A Expenses | $480M |
| Other Expenses | $13M |
| Operating Expenses | $917M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | -$194M |
| Interest Income | $37M |
| Interest Expense | $23M |
| Other Income/Expenses | $63M |
| INCOME BEFORE TAX | -$131M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | -$140M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$140M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$140M |
| D&A | $38M |
| EBIT | -$108M |
| EBITDA | -$70M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$140M |
| Depreciation & Amortization | $38M |
| Stock-Based Compensation | $247M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$44M |
| Change in Working Capital | $50M |
| OPERATING CASH FLOW | $152M |
| Capital Expenditure | -$37M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$236M |
| Sales/Maturities of Investments | $276M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $3M |
| Net Debt Issuance | $28M |
| Common Stock Repurchased | -$257M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$60M |
| NET CASH FROM FINANCING | -$289M |
| FREE CASH FLOW | $114M |
| Net Change in Cash | -$134M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $911M |
| Short-Term Investments | $2.3B |
| Net Receivables | $1.2B |
| Inventory | $0 |
| Other Current Assets | $213M |
| TOTAL CURRENT ASSETS | $4.6B |
| PP&E (Net) | $1.0B |
| Goodwill | $1.7B |
| Intangible Assets | $75M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $216M |
| TOTAL NON-CURRENT ASSETS | $3.0B |
| TOTAL ASSETS | $7.6B |
| Account Payables | $209M |
| Short-Term Debt | $36M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $3.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $61M |
| TOTAL NON-CURRENT LIABILITIES | $4.2B |
| TOTAL LIABILITIES | $5.3B |
| Common Stock | $16.0K |
| Additional Paid-In Capital | $15.9B |
| Retained Earnings | -$13.1B |
| Treasury Stock | -$449M |
| Accum. Other Comp. Income | $13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $7.6B |
| Total Debt | $4.2B |
| Net Debt | $3.3B |
