| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $968M | $985M | $1.0B | -1.7% | -7.7% |
| Op. Income | $47M | $74M | $71M | -37.2% | -34.3% |
| Gross Margin | 28.4% | 29.0% | 26.8% | -0.6pp | 1.6pp |
| Net Margin | 2.2% | 4.3% | 3.6% | -2.1pp | -1.5pp |
| EPS (Diluted) | $0.48 | $0.95 | $0.81 | -49.5% | -40.7% |
| Free Cash Flow | $7M | $89M | $63M | -92.6% | -89.4% |
| Item | Amount |
|---|---|
| REVENUE | $968M |
| Cost of Revenue | $693M |
| GROSS PROFIT | $275M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $215M |
| Other Expenses | $14M |
| Operating Expenses | $229M |
| Cost & Expenses | $922M |
| OPERATING INCOME | $47M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $26M |
| EBIT | $47M |
| EBITDA | $72M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $968M |
| Cost of Revenue | $693M |
| GROSS PROFIT | $275M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $215M |
| Other Expenses | $14M |
| Operating Expenses | $229M |
| Cost & Expenses | $922M |
| OPERATING INCOME | $47M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $26M |
| EBIT | $47M |
| EBITDA | $72M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $21M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$50M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | -$306M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$316M |
| Net Debt Issuance | $249M |
| Common Stock Repurchased | -$50M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $201M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | -$98M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $107M |
| Short-Term Investments | $0 |
| Net Receivables | $755M |
| Inventory | $0 |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $880M |
| PP&E (Net) | $140M |
| Goodwill | $2.1B |
| Intangible Assets | $504M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $35M |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $3.7B |
| Account Payables | $24M |
| Short-Term Debt | $0 |
| Deferred Revenue | $36M |
| Other Current Liabilities | $80M |
| TOTAL CURRENT LIABILITIES | $372M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $191M |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $719M |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $1.3B |
| Net Debt | $1.2B |
