| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $598M | $554M | $529M | 7.9% | 13.0% |
| Op. Income | -$9M | -$69M | -$45M | 87.0% | 80.0% |
| Gross Margin | 76.8% | 75.8% | 76.7% | 0.9pp | 0.0pp |
| Net Margin | 1.3% | -9.4% | -4.3% | 10.7pp | 5.7pp |
| EPS (Diluted) | $0.03 | $-0.22 | $-0.10 | 114.2% | 131.8% |
| Free Cash Flow | -$40M | $81M | $34M | -149.4% | -217.6% |
| Item | Amount |
|---|---|
| REVENUE | $598M |
| Cost of Revenue | $139M |
| GROSS PROFIT | $459M |
| R&D Expenses | $149M |
| Selling & Marketing | $198M |
| General & Administrative | $121M |
| SG&A Expenses | $319M |
| Other Expenses | $0 |
| Operating Expenses | $468M |
| Cost & Expenses | $607M |
| OPERATING INCOME | -$9M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | $17M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $67M |
| EBIT | $13M |
| EBITDA | $80M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $67M |
| Stock-Based Compensation | $97M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$68M |
| OPERATING CASH FLOW | $104M |
| Capital Expenditure | -$144M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$60M |
| Sales/Maturities of Investments | $152M |
| Other Investing Activities | -$108M |
| NET CASH FROM INVESTING | -$52M |
| Net Debt Issuance | $28M |
| Common Stock Repurchased | -$250M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$219M |
| FREE CASH FLOW | -$40M |
| Net Change in Cash | -$167M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $914M |
| Short-Term Investments | $689M |
| Net Receivables | $115M |
| Inventory | $0 |
| Other Current Assets | $436M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $95M |
| Goodwill | $2.8B |
| Intangible Assets | $623M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $51M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $5.7B |
| Account Payables | $35M |
| Short-Term Debt | $592M |
| Deferred Revenue | $70M |
| Other Current Liabilities | $52M |
| TOTAL CURRENT LIABILITIES | $875M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $37M |
| TOTAL NON-CURRENT LIABILITIES | $117M |
| TOTAL LIABILITIES | $992M |
| Common Stock | $0 |
| Additional Paid-In Capital | $6.6B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.8B |
| TOTAL LIABILITIES & EQUITY | $5.7B |
| Total Debt | $687M |
| Net Debt | -$227M |
