| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $332M | $47M | — | 612.9% | — |
| Op. Income | $148M | -$348M | — | 142.6% | — |
| Gross Margin | 158.5% | 1136.3% | — | -977.8pp | — |
| Net Margin | 30.7% | -347.3% | — | 378.0pp | — |
| EPS (Diluted) | $0.59 | $-1.06 | — | 155.7% | — |
| Free Cash Flow | $98M | $207M | — | -52.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $332M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $526M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $33M |
| SG&A Expenses | $183M |
| Other Expenses | $0 |
| Operating Expenses | $183M |
| Cost & Expenses | $183M |
| OPERATING INCOME | $148M |
| Interest Income | $0 |
| Interest Expense | $240M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $121M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $102M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $102M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $102M |
| D&A | $0 |
| EBIT | $0 |
| EBITDA | $0 |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $332M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $526M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $33M |
| SG&A Expenses | $183M |
| Other Expenses | $0 |
| Operating Expenses | $183M |
| Cost & Expenses | $183M |
| OPERATING INCOME | $148M |
| Interest Income | $0 |
| Interest Expense | $240M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $121M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $102M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $102M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $102M |
| D&A | $0 |
| EBIT | $0 |
| EBITDA | $0 |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $102M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$34M |
| OPERATING CASH FLOW | $98M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$127M |
| NET CASH FROM INVESTING | -$127M |
| Net Debt Issuance | -$250M |
| Common Stock Repurchased | -$28M |
| Common Dividends Paid | -$39M |
| Other Financing Activities | $559M |
| NET CASH FROM FINANCING | $242M |
| FREE CASH FLOW | $98M |
| Net Change in Cash | $213M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $521M |
| Short-Term Investments | $4.8B |
| Net Receivables | $160M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.5B |
| PP&E (Net) | $378M |
| Goodwill | $1.1B |
| Intangible Assets | $29M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $43.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $37.4B |
| TOTAL NON-CURRENT LIABILITIES | $38.6B |
| TOTAL LIABILITIES | $38.6B |
| Common Stock | $2M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$35M |
| Other Equity | $1.5B |
| TOTAL STOCKHOLDERS' EQUITY | $4.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.7B |
| TOTAL LIABILITIES & EQUITY | $43.3B |
| Total Debt | $1.2B |
| Net Debt | -$521M |
