| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $838M | $460M | $494M | 82.1% | 69.5% |
| Op. Income | $200M | -$107M | $99M | 287.5% | 101.8% |
| Gross Margin | 27.2% | -13.4% | 23.8% | 40.7pp | 3.4pp |
| Net Margin | 14.7% | -19.7% | 15.6% | 34.4pp | -0.9pp |
| EPS (Diluted) | $1.91 | $-1.81 | $1.53 | 205.5% | 24.8% |
| Free Cash Flow | -$93M | $52M | -$69M | -278.8% | -35.7% |
| Item | Amount |
|---|---|
| REVENUE | $838M |
| Cost of Revenue | $610M |
| GROSS PROFIT | $228M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $28M |
| SG&A Expenses | $28M |
| Other Expenses | $0 |
| Operating Expenses | $28M |
| Cost & Expenses | $638M |
| OPERATING INCOME | $200M |
| Interest Income | $0 |
| Interest Expense | $25M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $173M |
| Income Tax Expense | $50M |
| Net Income from Continuing Ops | $123M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $123M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $123M |
| D&A | $25M |
| EBIT | $198M |
| EBITDA | $223M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $838M |
| Cost of Revenue | $610M |
| GROSS PROFIT | $228M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $28M |
| SG&A Expenses | $28M |
| Other Expenses | $0 |
| Operating Expenses | $28M |
| Cost & Expenses | $638M |
| OPERATING INCOME | $200M |
| Interest Income | $0 |
| Interest Expense | $25M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $173M |
| Income Tax Expense | $50M |
| Net Income from Continuing Ops | $123M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $123M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $123M |
| D&A | $25M |
| EBIT | $198M |
| EBITDA | $223M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $123M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$248M |
| OPERATING CASH FLOW | -$88M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | $106.0K |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $128M |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$65M |
| NET CASH FROM FINANCING | $55M |
| FREE CASH FLOW | -$93M |
| Net Change in Cash | -$38M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $735M |
| Inventory | $0 |
| Other Current Assets | $259M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $474M |
| Goodwill | $0 |
| Intangible Assets | $2.9B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $202M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $103M |
| Short-Term Debt | $66M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $299M |
| TOTAL CURRENT LIABILITIES | $660M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $187M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $1.0B |
| Treasury Stock | -$918M |
| Accum. Other Comp. Income | -$16.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $2.0B |
| Net Debt | $1.9B |
