| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.1B | $978M | 5.0% | 21.5% |
| Op. Income | -$32M | -$67M | -$19M | 52.2% | -69.5% |
| Gross Margin | 81.7% | 80.8% | 81.8% | 0.9pp | -0.1pp |
| Net Margin | -10.4% | -17.4% | -3.3% | 7.0pp | -7.2pp |
| EPS (Diluted) | $-0.48 | $-0.76 | $-0.12 | 36.8% | -300.0% |
| Free Cash Flow | $74M | $413M | $163M | -82.0% | -54.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $218M |
| GROSS PROFIT | $970M |
| R&D Expenses | $603M |
| Selling & Marketing | $252M |
| General & Administrative | $147M |
| SG&A Expenses | $399M |
| Other Expenses | $0 |
| Operating Expenses | $1.0B |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | -$32M |
| Interest Income | $29M |
| Interest Expense | $7M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$30M |
| Income Tax Expense | $94M |
| Net Income from Continuing Ops | -$124M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$124M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$124M |
| D&A | $23M |
| EBIT | -$23M |
| EBITDA | -$19.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$124M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $286M |
| Deferred Income Tax | -$768.0K |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$116M |
| OPERATING CASH FLOW | $80M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | -$58M |
| Sales/Maturities of Investments | $50M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$184M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$187M |
| FREE CASH FLOW | $74M |
| Net Change in Cash | -$121M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.1B |
| Short-Term Investments | $161M |
| Net Receivables | $484M |
| Inventory | $0 |
| Other Current Assets | $166M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $255M |
| Goodwill | $1.3B |
| Intangible Assets | $286M |
| Long-Term Investments | $220M |
| Tax Assets | $5M |
| Other Non-Current Assets | $67M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $5.0B |
| Account Payables | $167M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.8B |
| Other Current Liabilities | $193M |
| TOTAL CURRENT LIABILITIES | $2.4B |
| Long-Term Debt | $986M |
| Deferred Revenue NC | $269M |
| Deferred Tax Liabilities | $20M |
| Other Non-Current Liabilities | $42M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $4.5B |
| Retained Earnings | -$3.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $43M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $5.0B |
| Total Debt | $1.2B |
| Net Debt | -$811M |
