| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $788M | $719M | $628M | 9.6% | 25.5% |
| Op. Income | -$36M | -$32M | -$32M | -12.8% | -14.1% |
| Gross Margin | 76.6% | 76.1% | 77.3% | 0.4pp | -0.8pp |
| Net Margin | -1.5% | -2.4% | -1.9% | 1.0pp | 0.4pp |
| EPS (Diluted) | $-0.07 | $-0.11 | $-0.08 | 36.4% | 11.4% |
| Free Cash Flow | $413M | $172M | $292M | 140.4% | 41.6% |
| Item | Amount |
|---|---|
| REVENUE | $788M |
| Cost of Revenue | $185M |
| GROSS PROFIT | $603M |
| R&D Expenses | $200M |
| Selling & Marketing | $374M |
| General & Administrative | $66M |
| SG&A Expenses | $439M |
| Other Expenses | $0 |
| Operating Expenses | $640M |
| Cost & Expenses | $824M |
| OPERATING INCOME | -$36M |
| Interest Income | $33M |
| Interest Expense | $2M |
| Other Income/Expenses | $28M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $41M |
| EBIT | -$6M |
| EBITDA | $35M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $41M |
| Stock-Based Compensation | $189M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $71M |
| Change in Working Capital | $163M |
| OPERATING CASH FLOW | $448M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | -$673M |
| Purchases of Investments | -$896M |
| Sales/Maturities of Investments | $102M |
| Other Investing Activities | -$18M |
| NET CASH FROM INVESTING | -$1.5B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$197.0K |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $413M |
| Net Change in Cash | -$1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $2.0B |
| Net Receivables | $530M |
| Inventory | $0 |
| Other Current Assets | $354M |
| TOTAL CURRENT ASSETS | $4.2B |
| PP&E (Net) | $670M |
| Goodwill | $994M |
| Intangible Assets | $215M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $418M |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $6.5B |
| Account Payables | $48M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.9B |
| Other Current Liabilities | $43M |
| TOTAL CURRENT LIABILITIES | $2.3B |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $405M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $44M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $4.5B |
| Common Stock | $159.0K |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $6.5B |
| Total Debt | $1.8B |
| Net Debt | $496M |
