| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $565M | $541M | $512M | 4.4% | 10.3% |
| Op. Income | $89M | $72M | $67M | 24.4% | 33.1% |
| Gross Margin | 44.8% | 41.2% | 40.1% | 3.5pp | 4.6pp |
| Net Margin | 14.3% | 12.1% | 10.6% | 2.3pp | 3.8pp |
| EPS (Diluted) | $1.84 | $1.49 | $1.26 | 23.5% | 46.0% |
| Free Cash Flow | $54M | $221M | $57M | -75.6% | -5.9% |
| Item | Amount |
|---|---|
| REVENUE | $565M |
| Cost of Revenue | $312M |
| GROSS PROFIT | $253M |
| R&D Expenses | $48M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $116M |
| Other Expenses | $0 |
| Operating Expenses | $164M |
| Cost & Expenses | $476M |
| OPERATING INCOME | $89M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $95M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $81M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $81M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $81M |
| D&A | $37M |
| EBIT | $97M |
| EBITDA | $133M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $565M |
| Cost of Revenue | $312M |
| GROSS PROFIT | $253M |
| R&D Expenses | $48M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $116M |
| Other Expenses | $0 |
| Operating Expenses | $164M |
| Cost & Expenses | $476M |
| OPERATING INCOME | $89M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $95M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $81M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $81M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $81M |
| D&A | $37M |
| EBIT | $97M |
| EBITDA | $133M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $81M |
| Depreciation & Amortization | $37M |
| Stock-Based Compensation | $38M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $1.0K |
| Change in Working Capital | -$88M |
| OPERATING CASH FLOW | $56M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$18M |
| Purchases of Investments | -$72M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$96M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | $54M |
| Net Change in Cash | -$39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $706M |
| Short-Term Investments | $102M |
| Net Receivables | $560M |
| Inventory | $0 |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $194M |
| Goodwill | $2.5B |
| Intangible Assets | $893M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $93M |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $5.2B |
| Account Payables | $171M |
| Short-Term Debt | $598M |
| Deferred Revenue | $642M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $22M |
| Deferred Tax Liabilities | $36M |
| Other Non-Current Liabilities | $27M |
| TOTAL NON-CURRENT LIABILITIES | $118M |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $481.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $1.9B |
| Treasury Stock | -$17M |
| Accum. Other Comp. Income | -$83.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $5.2B |
| Total Debt | $640M |
| Net Debt | -$66M |
