| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $509M | $480M | $394M | 5.9% | 28.9% |
| Op. Income | $159M | $144M | $118M | 10.3% | 34.7% |
| Gross Margin | 59.5% | 58.5% | 59.5% | 0.9pp | -0.0pp |
| Net Margin | 22.1% | 21.8% | 21.0% | 0.3pp | 1.1pp |
| EPS (Diluted) | $1.93 | $1.80 | $1.38 | 7.2% | 39.9% |
| Free Cash Flow | $53M | $33M | $28M | 59.3% | 91.4% |
| Item | Amount |
|---|---|
| REVENUE | $509M |
| Cost of Revenue | $206M |
| GROSS PROFIT | $302M |
| R&D Expenses | $0 |
| Selling & Marketing | $14M |
| General & Administrative | $88M |
| SG&A Expenses | $103M |
| Other Expenses | $41M |
| Operating Expenses | $143M |
| Cost & Expenses | $349M |
| OPERATING INCOME | $159M |
| Interest Income | $484M |
| Interest Expense | $192M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $159M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $112M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $112M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $112M |
| D&A | $7M |
| EBIT | $159M |
| EBITDA | $167M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $509M |
| Cost of Revenue | $206M |
| GROSS PROFIT | $302M |
| R&D Expenses | $0 |
| Selling & Marketing | $14M |
| General & Administrative | $88M |
| SG&A Expenses | $103M |
| Other Expenses | $41M |
| Operating Expenses | $143M |
| Cost & Expenses | $349M |
| OPERATING INCOME | $159M |
| Interest Income | $484M |
| Interest Expense | $192M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $159M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $112M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $112M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $112M |
| D&A | $7M |
| EBIT | $159M |
| EBITDA | $167M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $112M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $464.0K |
| Other Non-Cash Items | -$20M |
| Change in Working Capital | -$39M |
| OPERATING CASH FLOW | $71M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$19M |
| Sales/Maturities of Investments | $22M |
| Other Investing Activities | -$31M |
| NET CASH FROM INVESTING | -$46M |
| Net Debt Issuance | -$12M |
| Common Stock Repurchased | -$9M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $614M |
| NET CASH FROM FINANCING | $593M |
| FREE CASH FLOW | $53M |
| Net Change in Cash | $618M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.6B |
| Short-Term Investments | $138M |
| Net Receivables | $263M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $0 |
| Goodwill | $139M |
| Intangible Assets | $27M |
| Long-Term Investments | $19.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $20.6B |
| TOTAL ASSETS | $23.6B |
| Account Payables | $316M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20.0B |
| TOTAL CURRENT LIABILITIES | $20.3B |
| Long-Term Debt | $404M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $471M |
| TOTAL NON-CURRENT LIABILITIES | $874M |
| TOTAL LIABILITIES | $21.2B |
| Common Stock | $706.0K |
| Additional Paid-In Capital | $521M |
| Retained Earnings | $2.3B |
| Treasury Stock | -$413M |
| Accum. Other Comp. Income | -$765.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $23.6B |
| Total Debt | $404M |
| Net Debt | -$2.2B |
