| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $438M | $449M | $508M | -2.4% | -13.7% |
| Op. Income | $73M | $70M | $42M | 4.2% | 72.3% |
| Gross Margin | 57.9% | 55.0% | 48.9% | 2.9pp | 9.0pp |
| Net Margin | 12.2% | 12.7% | 6.1% | -0.5pp | 6.1pp |
| EPS (Diluted) | $0.26 | $0.28 | $0.12 | -7.1% | 116.7% |
| Free Cash Flow | $14M | $76M | -$93M | -82.0% | 114.5% |
| Item | Amount |
|---|---|
| REVENUE | $438M |
| Cost of Revenue | $184M |
| GROSS PROFIT | $254M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $94M |
| SG&A Expenses | $94M |
| Other Expenses | $87M |
| Operating Expenses | $181M |
| Cost & Expenses | $365M |
| OPERATING INCOME | $73M |
| Interest Income | $407M |
| Interest Expense | $174M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $73M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $26M |
| EBIT | $73M |
| EBITDA | $99M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $438M |
| Cost of Revenue | $184M |
| GROSS PROFIT | $254M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $94M |
| SG&A Expenses | $94M |
| Other Expenses | $87M |
| Operating Expenses | $181M |
| Cost & Expenses | $365M |
| OPERATING INCOME | $73M |
| Interest Income | $407M |
| Interest Expense | $174M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $73M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $26M |
| EBIT | $73M |
| EBITDA | $99M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $54M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | -$63M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$149M |
| Sales/Maturities of Investments | $98M |
| Other Investing Activities | -$333M |
| NET CASH FROM INVESTING | -$385M |
| Net Debt Issuance | $279M |
| Common Stock Repurchased | -$39M |
| Common Dividends Paid | -$17M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $211M |
| FREE CASH FLOW | $14M |
| Net Change in Cash | -$158M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $0 |
| Net Receivables | $144M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $533M |
| Goodwill | $215M |
| Intangible Assets | $126M |
| Long-Term Investments | $29.1B |
| Tax Assets | $702M |
| Other Non-Current Assets | $551M |
| TOTAL NON-CURRENT ASSETS | $31.3B |
| TOTAL ASSETS | $33.8B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $27.2B |
| TOTAL CURRENT LIABILITIES | $27.2B |
| Long-Term Debt | $2.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $449M |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $30.3B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.7B |
| Retained Earnings | -$388M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$323M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $33.8B |
| Total Debt | $2.6B |
| Net Debt | $272M |
