| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $466M | $493M | $508M | -5.5% | -8.3% |
| Op. Income | $80M | $93M | $67M | -13.9% | 19.1% |
| Gross Margin | 51.6% | 51.4% | 44.5% | 0.2pp | 7.0pp |
| Net Margin | 12.5% | 14.1% | 9.4% | -1.5pp | 3.1pp |
| EPS (Diluted) | $0.78 | $0.91 | $0.64 | -14.3% | 21.9% |
| Free Cash Flow | $16M | $186M | $66M | -91.2% | -75.3% |
| Item | Amount |
|---|---|
| REVENUE | $466M |
| Cost of Revenue | $226M |
| GROSS PROFIT | $240M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $90M |
| SG&A Expenses | $90M |
| Other Expenses | $70M |
| Operating Expenses | $160M |
| Cost & Expenses | $386M |
| OPERATING INCOME | $80M |
| Interest Income | $444M |
| Interest Expense | $211M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $80M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $58M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $58M |
| Net Income Deductions | -$4.0K |
| BOTTOM LINE NET INCOME | $58M |
| D&A | $14M |
| EBIT | $80M |
| EBITDA | $94M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $466M |
| Cost of Revenue | $226M |
| GROSS PROFIT | $240M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $90M |
| SG&A Expenses | $90M |
| Other Expenses | $70M |
| Operating Expenses | $160M |
| Cost & Expenses | $386M |
| OPERATING INCOME | $80M |
| Interest Income | $444M |
| Interest Expense | $211M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $80M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $58M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $58M |
| Net Income Deductions | -$4.0K |
| BOTTOM LINE NET INCOME | $58M |
| D&A | $14M |
| EBIT | $80M |
| EBITDA | $94M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $58M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $13M |
| Other Non-Cash Items | $24M |
| Change in Working Capital | -$99M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$848M |
| Sales/Maturities of Investments | $878M |
| Other Investing Activities | $242M |
| NET CASH FROM INVESTING | $272M |
| Net Debt Issuance | -$525M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$22M |
| Other Financing Activities | $212M |
| NET CASH FROM FINANCING | -$336M |
| FREE CASH FLOW | $16M |
| Net Change in Cash | -$47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $444M |
| Short-Term Investments | $9.1B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $9.5B |
| PP&E (Net) | $219M |
| Goodwill | $78M |
| Intangible Assets | $0 |
| Long-Term Investments | $24.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$24.2B |
| TOTAL NON-CURRENT ASSETS | $78M |
| TOTAL ASSETS | $34.8B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $28.1B |
| TOTAL CURRENT LIABILITIES | $28.1B |
| Long-Term Debt | $3.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $762M |
| TOTAL NON-CURRENT LIABILITIES | $3.9B |
| TOTAL LIABILITIES | $31.9B |
| Common Stock | $752.0K |
| Additional Paid-In Capital | $301M |
| Retained Earnings | $2.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$236M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $34.8B |
| Total Debt | $3.1B |
| Net Debt | $2.7B |
