| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $162M | $89M | $74M | 81.8% | 120.0% |
| Op. Income | $210M | -$66M | $29M | 420.1% | 636.5% |
| Gross Margin | 43.8% | 8.2% | 40.1% | 35.6pp | 3.8pp |
| Net Margin | 152.1% | -69.6% | 35.1% | 221.7pp | 116.9pp |
| EPS (Diluted) | $0.83 | $-0.25 | $0.14 | 432.0% | 492.9% |
| Free Cash Flow | -$177M | -$836M | -$75M | 78.8% | -135.2% |
| Item | Amount |
|---|---|
| REVENUE | $162M |
| Cost of Revenue | $91M |
| GROSS PROFIT | $71M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | -$153M |
| Operating Expenses | -$139M |
| Cost & Expenses | -$48M |
| OPERATING INCOME | $210M |
| Interest Income | $1M |
| Interest Expense | $2M |
| Other Income/Expenses | $46M |
| INCOME BEFORE TAX | $256M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $247M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $247M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $242M |
| D&A | $66M |
| EBIT | $258M |
| EBITDA | $324M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $162M |
| Cost of Revenue | $91M |
| GROSS PROFIT | $71M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | -$153M |
| Operating Expenses | -$139M |
| Cost & Expenses | -$48M |
| OPERATING INCOME | $210M |
| Interest Income | $1M |
| Interest Expense | $2M |
| Other Income/Expenses | $46M |
| INCOME BEFORE TAX | $256M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $247M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $247M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $242M |
| D&A | $66M |
| EBIT | $258M |
| EBITDA | $324M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $247M |
| Depreciation & Amortization | $66M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | -$427M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | -$119M |
| Capital Expenditure | -$57M |
| Acquisitions (Net) | -$8M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$190M |
| NET CASH FROM INVESTING | -$256M |
| Net Debt Issuance | $584M |
| Common Stock Repurchased | -$145M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$94M |
| NET CASH FROM FINANCING | $531M |
| FREE CASH FLOW | -$177M |
| Net Change in Cash | $156M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $277M |
| Short-Term Investments | $930M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $1.4B |
| Goodwill | $135M |
| Intangible Assets | $6M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $2.8B |
| Account Payables | $28M |
| Short-Term Debt | $7M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $97M |
| Long-Term Debt | $641M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $15M |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $661M |
| TOTAL LIABILITIES | $758M |
| Common Stock | $293.0K |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | -$238M |
| Treasury Stock | -$145M |
| Accum. Other Comp. Income | $450.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $649M |
| Net Debt | $372M |
