| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.6B | $5.0B | $3.9B | -8.5% | 18.4% |
| Op. Income | $678M | $1.2B | $1.1B | -43.6% | -36.5% |
| Gross Margin | 27.0% | 38.0% | 39.8% | -10.9pp | -12.8pp |
| Net Margin | 12.5% | 18.6% | 28.9% | -6.1pp | -16.4pp |
| EPS (Diluted) | $1.48 | $2.41 | $2.92 | -38.6% | -49.3% |
| Free Cash Flow | $1.4B | $1.6B | $1.5B | -7.1% | -6.5% |
| Item | Amount |
|---|---|
| REVENUE | $4.6B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $50M |
| SG&A Expenses | $50M |
| Other Expenses | $513M |
| Operating Expenses | $563M |
| Cost & Expenses | $3.9B |
| OPERATING INCOME | $678M |
| Interest Income | $0 |
| Interest Expense | $35M |
| Other Income/Expenses | $17M |
| INCOME BEFORE TAX | $695M |
| Income Tax Expense | $121M |
| Net Income from Continuing Ops | $574M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $574M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $564M |
| D&A | $49M |
| EBIT | $713M |
| EBITDA | $762M |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.6B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $50M |
| SG&A Expenses | $50M |
| Other Expenses | $513M |
| Operating Expenses | $563M |
| Cost & Expenses | $3.9B |
| OPERATING INCOME | $678M |
| Interest Income | $0 |
| Interest Expense | $35M |
| Other Income/Expenses | $17M |
| INCOME BEFORE TAX | $695M |
| Income Tax Expense | $121M |
| Net Income from Continuing Ops | $574M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $574M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $564M |
| D&A | $49M |
| EBIT | $713M |
| EBITDA | $762M |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $574M |
| Depreciation & Amortization | $49M |
| Stock-Based Compensation | $74M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$18M |
| Change in Working Capital | $779M |
| OPERATING CASH FLOW | $1.5B |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$10.9B |
| Sales/Maturities of Investments | $9.9B |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$1.0B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$224M |
| Common Dividends Paid | -$5M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$241M |
| FREE CASH FLOW | $1.4B |
| Net Change in Cash | $225M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $8.8B |
| Net Receivables | $18.4B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $31.3B |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $3.1B |
| Long-Term Investments | $34.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $5.9B |
| TOTAL NON-CURRENT ASSETS | $43.9B |
| TOTAL ASSETS | $75.2B |
| Account Payables | $4.9B |
| Short-Term Debt | $0 |
| Deferred Revenue | $11.1B |
| Other Current Liabilities | $31.2B |
| TOTAL CURRENT LIABILITIES | $47.7B |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.2B |
| TOTAL NON-CURRENT LIABILITIES | $5.9B |
| TOTAL LIABILITIES | $53.6B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | $23.3B |
| Treasury Stock | -$4.7B |
| Accum. Other Comp. Income | -$408M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $21.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $21.5B |
| TOTAL LIABILITIES & EQUITY | $75.2B |
| Total Debt | $2.7B |
| Net Debt | $1.5B |
