| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.1B | $3.5B | $2.2B | -11.2% | 40.5% |
| Op. Income | -$197M | $73M | -$166M | -369.9% | -18.7% |
| Gross Margin | 16.3% | 21.8% | 13.8% | -5.6pp | 2.5pp |
| Net Margin | -5.3% | 2.0% | -5.9% | -7.3pp | 0.6pp |
| EPS (Diluted) | $-1.35 | $0.55 | $-1.05 | -345.5% | -28.6% |
| Free Cash Flow | $221M | -$155M | $235M | 242.6% | -6.0% |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $510M |
| R&D Expenses | $0 |
| Selling & Marketing | $100M |
| General & Administrative | $0 |
| SG&A Expenses | $100M |
| Other Expenses | $607M |
| Operating Expenses | $707M |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | -$197M |
| Interest Income | $26M |
| Interest Expense | $54M |
| Other Income/Expenses | -$36M |
| INCOME BEFORE TAX | -$233M |
| Income Tax Expense | -$67M |
| 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 | $194M |
| EBIT | -$110M |
| EBITDA | $84M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$166M |
| Depreciation & Amortization | $194M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $52M |
| Change in Working Capital | $359M |
| OPERATING CASH FLOW | $459M |
| Capital Expenditure | -$238M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$470M |
| Sales/Maturities of Investments | $336M |
| Other Investing Activities | -$9M |
| NET CASH FROM INVESTING | -$381M |
| Net Debt Issuance | -$156M |
| Common Stock Repurchased | -$105M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $25M |
| NET CASH FROM FINANCING | -$236M |
| FREE CASH FLOW | $221M |
| Net Change in Cash | -$158M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $1.4B |
| Net Receivables | $569M |
| Inventory | $206M |
| Other Current Assets | $201M |
| TOTAL CURRENT ASSETS | $3.7B |
| PP&E (Net) | $12.2B |
| Goodwill | $2.7B |
| Intangible Assets | $859M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $334M |
| TOTAL NON-CURRENT ASSETS | $16.1B |
| TOTAL ASSETS | $19.8B |
| Account Payables | $237M |
| Short-Term Debt | $519M |
| Deferred Revenue | $3.9B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $6.7B |
| Long-Term Debt | $4.3B |
| Deferred Revenue NC | $1.6B |
| Deferred Tax Liabilities | $871M |
| Other Non-Current Liabilities | $988M |
| TOTAL NON-CURRENT LIABILITIES | $9.0B |
| TOTAL LIABILITIES | $15.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $844M |
| Retained Earnings | $4.8B |
| Treasury Stock | -$1.2B |
| Accum. Other Comp. Income | -$234M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $19.8B |
| Total Debt | $6.3B |
| Net Debt | $5.2B |
