| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $307M | $302M | $292M | 1.6% | 5.2% |
| Op. Income | $211M | $208M | $206M | 1.7% | 2.7% |
| Gross Margin | 72.9% | 73.0% | 75.1% | -0.0pp | -2.1pp |
| Net Margin | 54.0% | 53.9% | 55.2% | 0.1pp | -1.2pp |
| EPS (Diluted) | $1.08 | $1.05 | $1.01 | 2.9% | 6.9% |
| Free Cash Flow | $227M | $166M | $187M | 36.5% | 21.1% |
| Item | Amount |
|---|---|
| REVENUE | $307M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $224M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $12M |
| Operating Expenses | $12M |
| Cost & Expenses | $95M |
| OPERATING INCOME | $211M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $211M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $166M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $166M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $166M |
| D&A | $0 |
| EBIT | $224M |
| EBITDA | $224M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $307M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $224M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $12M |
| Operating Expenses | $12M |
| Cost & Expenses | $95M |
| OPERATING INCOME | $211M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $211M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $166M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $166M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $166M |
| D&A | $0 |
| EBIT | $224M |
| EBITDA | $224M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $166M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $51M |
| OPERATING CASH FLOW | $227M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$505M |
| Sales/Maturities of Investments | $419M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$90M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$65M |
| Common Dividends Paid | -$28M |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$101M |
| FREE CASH FLOW | $227M |
| Net Change in Cash | $36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $635M |
| Short-Term Investments | $0 |
| Net Receivables | $46M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $682M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $5.8B |
| Tax Assets | $44M |
| Other Non-Current Assets | $176M |
| TOTAL NON-CURRENT ASSETS | $6.0B |
| TOTAL ASSETS | $6.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $108M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $108M |
| Long-Term Debt | $743M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $751M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $3.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$152M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.1B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $743M |
| Net Debt | $108M |
