| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $359M | $362M | $333M | -0.9% | 7.7% |
| Op. Income | $29M | $53M | $11M | -44.9% | 162.6% |
| Gross Margin | 90.3% | 90.8% | 91.8% | -0.5pp | -1.5pp |
| Net Margin | 6.8% | 11.7% | 4.3% | -4.9pp | 2.5pp |
| EPS (Diluted) | $0.36 | $0.62 | $0.20 | -41.9% | 80.0% |
| Free Cash Flow | $87M | $60M | $66M | 45.9% | 32.8% |
| Item | Amount |
|---|---|
| REVENUE | $359M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $324M |
| R&D Expenses | $84M |
| Selling & Marketing | $146M |
| General & Administrative | $52M |
| SG&A Expenses | $198M |
| Other Expenses | $12M |
| Operating Expenses | $294M |
| Cost & Expenses | $329M |
| OPERATING INCOME | $29M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $35M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $16M |
| EBIT | $29M |
| EBITDA | $45M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $359M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $324M |
| R&D Expenses | $84M |
| Selling & Marketing | $146M |
| General & Administrative | $52M |
| SG&A Expenses | $198M |
| Other Expenses | $12M |
| Operating Expenses | $294M |
| Cost & Expenses | $329M |
| OPERATING INCOME | $29M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $35M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $16M |
| EBIT | $29M |
| EBITDA | $45M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $24M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $37M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $18M |
| Change in Working Capital | -$766.0K |
| OPERATING CASH FLOW | $98M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$15M |
| Sales/Maturities of Investments | $14M |
| Other Investing Activities | $52.0K |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$63M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$19M |
| NET CASH FROM FINANCING | -$82M |
| FREE CASH FLOW | $87M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $222M |
| Short-Term Investments | $112M |
| Net Receivables | $158M |
| Inventory | $0 |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $528M |
| PP&E (Net) | $100M |
| Goodwill | $134M |
| Intangible Assets | $56M |
| Long-Term Investments | $0 |
| Tax Assets | $136M |
| Other Non-Current Assets | $31M |
| TOTAL NON-CURRENT ASSETS | $457M |
| TOTAL ASSETS | $985M |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $6M |
| Other Current Liabilities | $100M |
| TOTAL CURRENT LIABILITIES | $182M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $54M |
| TOTAL NON-CURRENT LIABILITIES | $75M |
| TOTAL LIABILITIES | $257M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$1.2B |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | -$13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $728M |
| Minority Interest | $0 |
| TOTAL EQUITY | $728M |
| TOTAL LIABILITIES & EQUITY | $985M |
| Total Debt | $34M |
| Net Debt | -$189M |
