| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $435M | $457M | $460M | -4.8% | -5.5% |
| Op. Income | -$128M | -$124M | -$375M | -3.5% | 65.9% |
| Gross Margin | 73.8% | 74.7% | 68.6% | -0.9pp | 5.2pp |
| Net Margin | -17.8% | -26.8% | -63.2% | 9.0pp | 45.4pp |
| EPS (Diluted) | $-0.19 | $-0.30 | $-0.75 | 36.7% | 74.7% |
| Free Cash Flow | $7M | $106M | -$15M | -93.1% | 150.2% |
| Item | Amount |
|---|---|
| REVENUE | $435M |
| Cost of Revenue | $114M |
| GROSS PROFIT | $321M |
| R&D Expenses | $221M |
| Selling & Marketing | $162M |
| General & Administrative | $66M |
| SG&A Expenses | $228M |
| Other Expenses | $0 |
| Operating Expenses | $449M |
| Cost & Expenses | $563M |
| OPERATING INCOME | -$128M |
| Interest Income | $58M |
| Interest Expense | $6M |
| Other Income/Expenses | $52M |
| INCOME BEFORE TAX | -$76M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$78M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$78M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$78M |
| D&A | $96M |
| EBIT | -$70M |
| EBITDA | $26M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$78M |
| Depreciation & Amortization | $96M |
| Stock-Based Compensation | $99M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$39M |
| Change in Working Capital | -$65M |
| OPERATING CASH FLOW | $13M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $48M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$36M |
| NET CASH FROM FINANCING | $12M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $0 |
| Net Receivables | $553M |
| Inventory | $0 |
| Other Current Assets | $145M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $90M |
| Goodwill | $3.2B |
| Intangible Assets | $981M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $170M |
| TOTAL NON-CURRENT ASSETS | $4.4B |
| TOTAL ASSETS | $6.6B |
| Account Payables | $17M |
| Short-Term Debt | $0 |
| Deferred Revenue | $188M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $818M |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $15M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $155M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $7.0B |
| Retained Earnings | -$3.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $241M |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $6.6B |
| Total Debt | $2.2B |
| Net Debt | $691M |
