| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.7B | $1.5B | -0.4% | 8.8% |
| Op. Income | $398M | $369M | $358M | 8.0% | 11.3% |
| Gross Margin | 48.7% | 47.8% | 49.3% | 0.9pp | -0.7pp |
| Net Margin | 13.7% | 11.7% | 14.1% | 2.0pp | -0.3pp |
| EPS (Diluted) | $0.91 | $0.77 | $0.84 | 18.2% | 8.3% |
| Free Cash Flow | $294M | $645M | $260M | -54.4% | 13.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $845M |
| GROSS PROFIT | $802M |
| R&D Expenses | $135M |
| Selling & Marketing | $152M |
| General & Administrative | $117M |
| SG&A Expenses | $269M |
| Other Expenses | $0 |
| Operating Expenses | $404M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $398M |
| Interest Income | $0 |
| Interest Expense | -$105M |
| Other Income/Expenses | -$95M |
| INCOME BEFORE TAX | $303M |
| Income Tax Expense | $77M |
| Net Income from Continuing Ops | $226M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $226M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $226M |
| D&A | $0 |
| EBIT | $0 |
| EBITDA | $398M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $845M |
| GROSS PROFIT | $802M |
| R&D Expenses | $135M |
| Selling & Marketing | $152M |
| General & Administrative | $117M |
| SG&A Expenses | $269M |
| Other Expenses | $0 |
| Operating Expenses | $404M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $398M |
| Interest Income | $0 |
| Interest Expense | -$105M |
| Other Income/Expenses | -$95M |
| INCOME BEFORE TAX | $303M |
| Income Tax Expense | $77M |
| Net Income from Continuing Ops | $226M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $226M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $226M |
| D&A | $0 |
| EBIT | $0 |
| EBITDA | $398M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $226M |
| Depreciation & Amortization | $181M |
| Stock-Based Compensation | $62M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | -$163M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $300M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | -$200.0K |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | -$59M |
| NET CASH FROM INVESTING | -$66M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$168M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$676M |
| NET CASH FROM FINANCING | -$741M |
| FREE CASH FLOW | $294M |
| Net Change in Cash | -$513M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $421M |
| Short-Term Investments | $0 |
| Net Receivables | $3.7B |
| Inventory | $0 |
| Other Current Assets | $1.2B |
| TOTAL CURRENT ASSETS | $5.3B |
| PP&E (Net) | $499M |
| Goodwill | $9.9B |
| Intangible Assets | $4.0B |
| Long-Term Investments | $173M |
| Tax Assets | $0 |
| Other Non-Current Assets | $423M |
| TOTAL NON-CURRENT ASSETS | $15.0B |
| TOTAL ASSETS | $20.3B |
| Account Payables | $92M |
| Short-Term Debt | $110M |
| Deferred Revenue | $510M |
| Other Current Liabilities | $4.3B |
| TOTAL CURRENT LIABILITIES | $4.9B |
| Long-Term Debt | $203M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $836M |
| Other Non-Current Liabilities | $7.5B |
| TOTAL NON-CURRENT LIABILITIES | $8.6B |
| TOTAL LIABILITIES | $13.4B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $6.9B |
| TOTAL STOCKHOLDERS' EQUITY | $6.9B |
| Minority Interest | $54M |
| TOTAL EQUITY | $7.0B |
| TOTAL LIABILITIES & EQUITY | $20.3B |
| Total Debt | $313M |
| Net Debt | -$108M |
