| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $559M | $520M | $491M | 7.6% | 14.0% |
| Op. Income | $52M | $46M | $23M | 13.2% | 126.5% |
| Gross Margin | 32.8% | 33.0% | 29.7% | -0.2pp | 3.1pp |
| Net Margin | 0.9% | 5.6% | -2.3% | -4.7pp | 3.2pp |
| EPS (Diluted) | $0.03 | $0.14 | $-0.06 | -82.0% | 143.4% |
| Free Cash Flow | -$11M | $12M | -$13M | -192.4% | 17.3% |
| Item | Amount |
|---|---|
| REVENUE | $559M |
| Cost of Revenue | $376M |
| GROSS PROFIT | $184M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $129M |
| SG&A Expenses | $129M |
| Other Expenses | $3M |
| Operating Expenses | $132M |
| Cost & Expenses | $507M |
| OPERATING INCOME | $52M |
| Interest Income | $132.0K |
| Interest Expense | $36M |
| Other Income/Expenses | -$42M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $7M |
| EBIT | $45M |
| EBITDA | $52M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $559M |
| Cost of Revenue | $376M |
| GROSS PROFIT | $184M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $129M |
| SG&A Expenses | $129M |
| Other Expenses | $3M |
| Operating Expenses | $132M |
| Cost & Expenses | $507M |
| OPERATING INCOME | $52M |
| Interest Income | $132.0K |
| Interest Expense | $36M |
| Other Income/Expenses | -$42M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $7M |
| EBIT | $45M |
| EBITDA | $52M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $612.0K |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$46M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $71M |
| Short-Term Investments | $0 |
| Net Receivables | $305M |
| Inventory | $0 |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $408M |
| PP&E (Net) | $58M |
| Goodwill | $1.1B |
| Intangible Assets | $89M |
| Long-Term Investments | $45M |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $30M |
| Short-Term Debt | $9M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $247M |
| TOTAL CURRENT LIABILITIES | $388M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $65M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $1M |
| TOTAL STOCKHOLDERS' EQUITY | -$99M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$99M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $1.3B |
| Net Debt | $1.3B |
