| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $429M | $425M | $402M | 0.8% | 6.6% |
| Op. Income | $294M | $285M | $271M | 3.1% | 8.3% |
| Gross Margin | 88.5% | 88.5% | 87.7% | 0.1pp | 0.8pp |
| Net Margin | 50.0% | 48.5% | 49.5% | 1.5pp | 0.5pp |
| EPS (Diluted) | $2.34 | $2.23 | $2.10 | 4.9% | 11.4% |
| Free Cash Flow | $265M | $285M | $286M | -7.0% | -7.1% |
| Item | Amount |
|---|---|
| REVENUE | $429M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $380M |
| R&D Expenses | $28M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $59M |
| Other Expenses | $0 |
| Operating Expenses | $86M |
| Cost & Expenses | $135M |
| OPERATING INCOME | $294M |
| Interest Income | $0 |
| Interest Expense | -$19M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $279M |
| Income Tax Expense | -$65M |
| Net Income from Continuing Ops | $215M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $215M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $215M |
| D&A | $0 |
| EBIT | $0 |
| EBITDA | $294M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $429M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $380M |
| R&D Expenses | $28M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $59M |
| Other Expenses | $0 |
| Operating Expenses | $86M |
| Cost & Expenses | $135M |
| OPERATING INCOME | $294M |
| Interest Income | $0 |
| Interest Expense | -$19M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $279M |
| Income Tax Expense | -$65M |
| Net Income from Continuing Ops | $215M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $215M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $215M |
| D&A | $0 |
| EBIT | $0 |
| EBITDA | $294M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $215M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $32M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $272M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$81M |
| Sales/Maturities of Investments | $274M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | $187M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$225M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$217M |
| NET CASH FROM FINANCING | -$291M |
| FREE CASH FLOW | $265M |
| Net Change in Cash | $169M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $477M |
| Short-Term Investments | $80M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $70M |
| TOTAL CURRENT ASSETS | $626M |
| PP&E (Net) | $214M |
| Goodwill | $53M |
| Intangible Assets | $145M |
| Long-Term Investments | $0 |
| Tax Assets | $228M |
| Other Non-Current Assets | -$595M |
| TOTAL NON-CURRENT ASSETS | $45M |
| TOTAL ASSETS | $671M |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.1B |
| Other Current Liabilities | $284M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $9.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$11.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $729M |
| TOTAL STOCKHOLDERS' EQUITY | -$1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$1.5B |
| TOTAL LIABILITIES & EQUITY | $671M |
| Total Debt | $1.8B |
| Net Debt | $1.3B |
