| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.4B | $1.2B | 3.5% | 20.6% |
| Op. Income | -$96M | -$28M | -$32M | -238.3% | -201.3% |
| Gross Margin | 82.0% | 83.1% | 81.7% | -1.1pp | 0.3pp |
| Net Margin | -3.6% | -1.7% | -10.4% | -1.9pp | 6.8pp |
| EPS (Diluted) | $-0.20 | $-0.09 | $-0.48 | -120.0% | 58.3% |
| Free Cash Flow | $115M | $360M | $74M | -68.2% | 54.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $258M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $756M |
| Selling & Marketing | $336M |
| General & Administrative | $179M |
| SG&A Expenses | $515M |
| Other Expenses | $0 |
| Operating Expenses | $1.3B |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | -$96M |
| Interest Income | $30M |
| Interest Expense | $9M |
| Other Income/Expenses | $40M |
| INCOME BEFORE TAX | -$56M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | -$52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$52M |
| D&A | $24M |
| EBIT | -$48M |
| EBITDA | -$23M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$52M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $351M |
| Deferred Income Tax | -$80.0K |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$191M |
| OPERATING CASH FLOW | $129M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | -$16M |
| Purchases of Investments | -$63M |
| Sales/Maturities of Investments | $32M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$61M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$253M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$253M |
| FREE CASH FLOW | $115M |
| Net Change in Cash | -$191M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $456M |
| Net Receivables | $537M |
| Inventory | $0 |
| Other Current Assets | $312M |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $234M |
| Goodwill | $1.3B |
| Intangible Assets | $236M |
| Long-Term Investments | $204M |
| Tax Assets | $4M |
| Other Non-Current Assets | $97M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $5.7B |
| Account Payables | $195M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2.1B |
| Other Current Liabilities | $558M |
| TOTAL CURRENT LIABILITIES | $2.9B |
| Long-Term Debt | $988M |
| Deferred Revenue NC | $217M |
| Deferred Tax Liabilities | $24M |
| Other Non-Current Liabilities | $53M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $4.3B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $5.9B |
| Retained Earnings | -$4.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $5.7B |
| Total Debt | $1.2B |
| Net Debt | -$1.1B |
