| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $759M | $721M | $650M | 5.3% | 16.7% |
| Op. Income | $234M | $188M | $155M | 24.0% | 50.6% |
| Gross Margin | 77.1% | 74.9% | 73.3% | 2.2pp | 3.8pp |
| Net Margin | 30.1% | 27.1% | 24.9% | 2.9pp | 5.2pp |
| EPS (Diluted) | $1.37 | $1.17 | $0.98 | 17.1% | 39.8% |
| Free Cash Flow | $871M | $65M | $755M | 1244.0% | 15.4% |
| Item | Amount |
|---|---|
| REVENUE | $759M |
| Cost of Revenue | $174M |
| GROSS PROFIT | $585M |
| R&D Expenses | $184M |
| Selling & Marketing | $99M |
| General & Administrative | $69M |
| SG&A Expenses | $167M |
| Other Expenses | $0 |
| Operating Expenses | $351M |
| Cost & Expenses | $525M |
| OPERATING INCOME | $234M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $65M |
| INCOME BEFORE TAX | $299M |
| Income Tax Expense | $71M |
| Net Income from Continuing Ops | $228M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $228M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $228M |
| D&A | $10M |
| EBIT | $234M |
| EBITDA | $244M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $759M |
| Cost of Revenue | $174M |
| GROSS PROFIT | $585M |
| R&D Expenses | $184M |
| Selling & Marketing | $99M |
| General & Administrative | $69M |
| SG&A Expenses | $167M |
| Other Expenses | $0 |
| Operating Expenses | $351M |
| Cost & Expenses | $525M |
| OPERATING INCOME | $234M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $65M |
| INCOME BEFORE TAX | $299M |
| Income Tax Expense | $71M |
| Net Income from Continuing Ops | $228M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $228M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $228M |
| D&A | $10M |
| EBIT | $234M |
| EBITDA | $244M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $228M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$27M |
| Other Non-Cash Items | $118M |
| Change in Working Capital | $545M |
| OPERATING CASH FLOW | $877M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$667M |
| Sales/Maturities of Investments | $621M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$52M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$20M |
| NET CASH FROM FINANCING | $20M |
| FREE CASH FLOW | $871M |
| Net Change in Cash | $846M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $4.1B |
| Net Receivables | $541M |
| Inventory | $0 |
| Other Current Assets | $98M |
| TOTAL CURRENT ASSETS | $6.7B |
| PP&E (Net) | $122M |
| Goodwill | $440M |
| Intangible Assets | $41M |
| Long-Term Investments | $0 |
| Tax Assets | $366M |
| Other Non-Current Assets | $89M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $7.8B |
| Account Payables | $37M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.2B |
| Other Current Liabilities | $39M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $526.0K |
| Other Non-Current Liabilities | $30M |
| TOTAL NON-CURRENT LIABILITIES | $97M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | $3.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.2B |
| TOTAL LIABILITIES & EQUITY | $7.8B |
| Total Debt | $77M |
| Net Debt | -$1.9B |
