| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $551M | $255M | $613M | 115.7% | -10.1% |
| Op. Income | $48M | -$69M | $80M | 169.3% | -39.7% |
| Gross Margin | 43.8% | 40.3% | 46.1% | 3.5pp | -2.3pp |
| Net Margin | 9.1% | -20.8% | 13.2% | 29.9pp | -4.1pp |
| EPS (Diluted) | $0.40 | $-0.44 | $0.64 | 190.9% | -37.5% |
| Free Cash Flow | $143M | -$54M | $269M | 367.4% | -46.9% |
| Item | Amount |
|---|---|
| REVENUE | $551M |
| Cost of Revenue | $309M |
| GROSS PROFIT | $241M |
| R&D Expenses | $81M |
| Selling & Marketing | $87M |
| General & Administrative | $26M |
| SG&A Expenses | $112M |
| Other Expenses | $0 |
| Operating Expenses | $193M |
| Cost & Expenses | $503M |
| OPERATING INCOME | $48M |
| Interest Income | $2M |
| Interest Expense | $110.0K |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $18M |
| EBIT | $44M |
| EBITDA | $62M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $551M |
| Cost of Revenue | $309M |
| GROSS PROFIT | $241M |
| R&D Expenses | $81M |
| Selling & Marketing | $87M |
| General & Administrative | $26M |
| SG&A Expenses | $112M |
| Other Expenses | $0 |
| Operating Expenses | $193M |
| Cost & Expenses | $503M |
| OPERATING INCOME | $48M |
| Interest Income | $2M |
| Interest Expense | $110.0K |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $18M |
| EBIT | $44M |
| EBITDA | $62M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $50M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | $123.0K |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $59M |
| OPERATING CASH FLOW | $156M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $14M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$36M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$34M |
| FREE CASH FLOW | $143M |
| Net Change in Cash | $110M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $280M |
| Short-Term Investments | $48M |
| Net Receivables | $85M |
| Inventory | $141M |
| Other Current Assets | $59M |
| TOTAL CURRENT ASSETS | $613M |
| PP&E (Net) | $143M |
| Goodwill | $83M |
| Intangible Assets | $84M |
| Long-Term Investments | $0 |
| Tax Assets | $10M |
| Other Non-Current Assets | $31M |
| TOTAL NON-CURRENT ASSETS | $351M |
| TOTAL ASSETS | $964M |
| Account Payables | $162M |
| Short-Term Debt | $0 |
| Deferred Revenue | $21M |
| Other Current Liabilities | $73M |
| TOTAL CURRENT LIABILITIES | $373M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $61M |
| Deferred Tax Liabilities | $176.0K |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $122M |
| TOTAL LIABILITIES | $494M |
| Common Stock | $125.0K |
| Additional Paid-In Capital | $521M |
| Retained Earnings | -$697.0K |
| Treasury Stock | -$49M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $469M |
| Minority Interest | $0 |
| TOTAL EQUITY | $469M |
| TOTAL LIABILITIES & EQUITY | $964M |
| Total Debt | $64M |
| Net Debt | -$216M |
