| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $641M | $703M | $533M | -8.9% | 20.2% |
| Op. Income | $317M | $340M | $262M | -6.7% | 21.1% |
| Gross Margin | 75.3% | 74.8% | 74.9% | 0.5pp | 0.4pp |
| Net Margin | 16.3% | -83.8% | 14.1% | 100.0pp | 2.1pp |
| EPS (Diluted) | $0.36 | $-2.01 | $0.24 | 118.0% | 52.5% |
| Free Cash Flow | $68M | -$126M | -$560M | 154.0% | 112.1% |
| Item | Amount |
|---|---|
| REVENUE | $641M |
| Cost of Revenue | $158M |
| GROSS PROFIT | $482M |
| R&D Expenses | $0 |
| Selling & Marketing | $106M |
| General & Administrative | $42M |
| SG&A Expenses | $148M |
| Other Expenses | $18M |
| Operating Expenses | $166M |
| Cost & Expenses | $324M |
| OPERATING INCOME | $317M |
| Interest Income | $38M |
| Interest Expense | $78M |
| Other Income/Expenses | -$190M |
| INCOME BEFORE TAX | $127M |
| Income Tax Expense | $23M |
| NET INCOME | $104M |
| D&A | $38M |
| EBIT | $309M |
| EBITDA | $347M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $641M |
| Cost of Revenue | $158M |
| GROSS PROFIT | $482M |
| R&D Expenses | $0 |
| Selling & Marketing | $106M |
| General & Administrative | $42M |
| SG&A Expenses | $148M |
| Other Expenses | $18M |
| Operating Expenses | $166M |
| Cost & Expenses | $324M |
| OPERATING INCOME | $317M |
| Interest Income | $38M |
| Interest Expense | $78M |
| Other Income/Expenses | -$190M |
| INCOME BEFORE TAX | $127M |
| Income Tax Expense | $23M |
| NET INCOME | $104M |
| D&A | $38M |
| EBIT | $309M |
| EBITDA | $347M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $104M |
| Depreciation & Amortization | $52M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $303M |
| Change in Working Capital | -$349M |
| OPERATING CASH FLOW | $126M |
| Capital Expenditure | -$58M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $75M |
| Other Investing Activities | -$22M |
| NET CASH FROM INVESTING | $16M |
| Net Debt Issuance | $64M |
| Common Stock Repurchased | -$170M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $52M |
| NET CASH FROM FINANCING | -$54M |
| FREE CASH FLOW | $68M |
| Net Change in Cash | $85M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $460M |
| Net Receivables | $7.3B |
| Inventory | $0 |
| Other Current Assets | $103M |
| TOTAL CURRENT ASSETS | $9.1B |
| PP&E (Net) | $379M |
| Goodwill | $419M |
| Intangible Assets | $686M |
| Long-Term Investments | $22M |
| Tax Assets | $208M |
| Other Non-Current Assets | $101M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $10.9B |
| Account Payables | $145M |
| Short-Term Debt | $995M |
| Deferred Revenue | $1.7B |
| Other Current Liabilities | $164M |
| TOTAL CURRENT LIABILITIES | $6.5B |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $158M |
| Other Non-Current Liabilities | $174M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $8.6B |
| Common Stock | $15.3K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $34M |
| Treasury Stock | -$525M |
| Accum. Other Comp. Income | $2.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $10M |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $10.9B |
| Total Debt | $2.7B |
| Net Debt | $1.6B |
