| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $577M | $865M | $463M | -33.3% | 24.6% |
| Op. Income | $136M | $132M | $93M | 2.6% | 46.6% |
| Gross Margin | 34.2% | 21.1% | 29.5% | 13.1pp | 4.7pp |
| Net Margin | 8.8% | 11.4% | -1.1% | -2.6pp | 10.0pp |
| EPS (Diluted) | $0.12 | $0.23 | $-0.01 | -48.4% | 900.0% |
| Free Cash Flow | $39M | $340M | $17M | -88.5% | 132.2% |
| Item | Amount |
|---|---|
| REVENUE | $577M |
| Cost of Revenue | $379M |
| GROSS PROFIT | $197M |
| R&D Expenses | $10M |
| Selling & Marketing | $0 |
| General & Administrative | $43M |
| SG&A Expenses | $43M |
| Other Expenses | $8M |
| Operating Expenses | $62M |
| Cost & Expenses | $441M |
| OPERATING INCOME | $136M |
| Interest Income | $3M |
| Interest Expense | $15M |
| Other Income/Expenses | -$46M |
| INCOME BEFORE TAX | $90M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $44M |
| EBIT | $109M |
| EBITDA | $153M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $577M |
| Cost of Revenue | $379M |
| GROSS PROFIT | $197M |
| R&D Expenses | $10M |
| Selling & Marketing | $0 |
| General & Administrative | $43M |
| SG&A Expenses | $43M |
| Other Expenses | $8M |
| Operating Expenses | $62M |
| Cost & Expenses | $441M |
| OPERATING INCOME | $136M |
| Interest Income | $3M |
| Interest Expense | $15M |
| Other Income/Expenses | -$46M |
| INCOME BEFORE TAX | $90M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $44M |
| EBIT | $109M |
| EBITDA | $153M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $51M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $39M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$59M |
| OPERATING CASH FLOW | $81M |
| Capital Expenditure | -$41M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$680.4K |
| NET CASH FROM INVESTING | -$42M |
| Net Debt Issuance | -$209M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$213M |
| FREE CASH FLOW | $39M |
| Net Change in Cash | -$175M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $264M |
| Short-Term Investments | $0 |
| Net Receivables | $136M |
| Inventory | $697M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $2.4B |
| Goodwill | $0 |
| Intangible Assets | $29M |
| Long-Term Investments | $2.3B |
| Tax Assets | $576M |
| Other Non-Current Assets | $436M |
| TOTAL NON-CURRENT ASSETS | $5.8B |
| TOTAL ASSETS | $6.9B |
| Account Payables | $253M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $152M |
| TOTAL CURRENT LIABILITIES | $405M |
| Long-Term Debt | $728M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $981M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $2.1B |
| Additional Paid-In Capital | $149M |
| Retained Earnings | $2.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $134M |
| TOTAL STOCKHOLDERS' EQUITY | $4.7B |
| Minority Interest | $10.2K |
| TOTAL EQUITY | $4.7B |
| TOTAL LIABILITIES & EQUITY | $6.9B |
| Total Debt | $728M |
| Net Debt | $464M |
