| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $698M | $659M | $497M | 6.0% | 40.7% |
| Op. Income | -$133M | -$73M | -$209M | -80.5% | 36.7% |
| Gross Margin | 67.2% | 67.6% | 58.0% | -0.5pp | 9.2pp |
| Net Margin | -14.3% | -6.8% | -34.6% | -7.5pp | 20.2pp |
| EPS (Diluted) | $-0.31 | $-0.14 | $-0.57 | -121.4% | 45.6% |
| Free Cash Flow | $153M | $31M | $63M | 400.6% | 142.1% |
| Item | Amount |
|---|---|
| REVENUE | $698M |
| Cost of Revenue | $229M |
| GROSS PROFIT | $469M |
| R&D Expenses | $0 |
| Selling & Marketing | $145M |
| General & Administrative | $138M |
| SG&A Expenses | $284M |
| Other Expenses | $318M |
| Operating Expenses | $602M |
| Cost & Expenses | $831M |
| OPERATING INCOME | -$133M |
| Interest Income | $0 |
| Interest Expense | $104M |
| Other Income/Expenses | $34M |
| INCOME BEFORE TAX | -$98M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$100M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$100M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$100M |
| D&A | $47M |
| EBIT | $6M |
| EBITDA | $53M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$100M |
| Depreciation & Amortization | $47M |
| Stock-Based Compensation | $94M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $136M |
| Change in Working Capital | $20M |
| OPERATING CASH FLOW | $197M |
| Capital Expenditure | -$44M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$137M |
| Sales/Maturities of Investments | $216M |
| Other Investing Activities | -$610M |
| NET CASH FROM INVESTING | -$575M |
| Net Debt Issuance | $530M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$64M |
| NET CASH FROM FINANCING | $466M |
| FREE CASH FLOW | $153M |
| Net Change in Cash | $89M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $1.1B |
| Net Receivables | $6.3B |
| Inventory | $0 |
| Other Current Assets | $338M |
| TOTAL CURRENT ASSETS | $8.8B |
| PP&E (Net) | $493M |
| Goodwill | $537M |
| Intangible Assets | $13M |
| Long-Term Investments | $57M |
| Tax Assets | $20M |
| Other Non-Current Assets | $221M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $10.1B |
| Account Payables | $58M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $136M |
| Long-Term Debt | $7.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $48M |
| TOTAL NON-CURRENT LIABILITIES | $7.2B |
| TOTAL LIABILITIES | $7.3B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $6.1B |
| Retained Earnings | -$3.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $10.1B |
| Total Debt | $7.1B |
| Net Debt | $6.1B |
