| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $765M | $908M | $751M | -15.7% | 2.0% |
| Op. Income | $47M | $195M | $126M | -75.8% | -62.7% |
| Gross Margin | 28.0% | 100.0% | 36.4% | -72.0pp | -8.4pp |
| Net Margin | 4.8% | 27.4% | 14.9% | -22.6pp | -10.1pp |
| EPS (Diluted) | $0.22 | $0.00 | $0.00 | Infinity% | Infinity% |
| Free Cash Flow | $99M | $180M | — | -45.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $765M |
| Cost of Revenue | $551M |
| GROSS PROFIT | $214M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $158M |
| SG&A Expenses | $158M |
| Other Expenses | $9M |
| Operating Expenses | $167M |
| Cost & Expenses | $718M |
| OPERATING INCOME | $47M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $9M |
| EBIT | $56M |
| EBITDA | $65M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $765M |
| Cost of Revenue | $551M |
| GROSS PROFIT | $214M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $158M |
| SG&A Expenses | $158M |
| Other Expenses | $9M |
| Operating Expenses | $167M |
| Cost & Expenses | $718M |
| OPERATING INCOME | $47M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $9M |
| EBIT | $56M |
| EBITDA | $65M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $37M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $54M |
| OPERATING CASH FLOW | $105M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.2B |
| Sales/Maturities of Investments | $1.1B |
| Other Investing Activities | $7M |
| NET CASH FROM INVESTING | -$166M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | $99M |
| Net Change in Cash | -$69M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $845M |
| Short-Term Investments | $5.3B |
| Net Receivables | $6.0B |
| Inventory | $0 |
| Other Current Assets | -$13.1B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $51M |
| Goodwill | $0 |
| Intangible Assets | $20M |
| Long-Term Investments | $6.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$6.8B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $16.0B |
| Account Payables | $859M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$1.1B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $300M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | -$374M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $12.8B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $762M |
| Retained Earnings | $2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$321M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $16.0B |
| Total Debt | $373M |
| Net Debt | -$472M |
