| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $611M | $327M | $377M | 86.6% | 62.0% |
| Op. Income | $432M | $150M | $200M | 188.2% | 116.0% |
| Gross Margin | 77.4% | 60.3% | 63.5% | 17.1pp | 13.9pp |
| Net Margin | -32.4% | -44.2% | 1.8% | 11.8pp | -34.2pp |
| EPS (Diluted) | $-1.34 | $-0.97 | $0.04 | -38.1% | -3152.4% |
| Free Cash Flow | $84M | $163M | $17M | -48.4% | 398.7% |
| Item | Amount |
|---|---|
| REVENUE | $611M |
| Cost of Revenue | $138M |
| GROSS PROFIT | $473M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $40M |
| Other Expenses | $0 |
| Operating Expenses | $40M |
| Cost & Expenses | $178M |
| OPERATING INCOME | $432M |
| Interest Income | $0 |
| Interest Expense | $45M |
| Other Income/Expenses | -$705M |
| INCOME BEFORE TAX | -$273M |
| Income Tax Expense | -$75M |
| Net Income from Continuing Ops | -$198M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$198M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$198M |
| D&A | $127M |
| EBIT | -$237M |
| EBITDA | -$110M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$198M |
| Depreciation & Amortization | $127M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$92M |
| Other Non-Cash Items | $434M |
| Change in Working Capital | -$65M |
| OPERATING CASH FLOW | $216M |
| Capital Expenditure | -$131M |
| Acquisitions (Net) | -$518M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $15M |
| NET CASH FROM INVESTING | -$634M |
| Net Debt Issuance | $514M |
| Common Stock Repurchased | -$125M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$14M |
| NET CASH FROM FINANCING | $376M |
| FREE CASH FLOW | $84M |
| Net Change in Cash | -$42M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $298M |
| Inventory | $28M |
| Other Current Assets | $79M |
| TOTAL CURRENT ASSETS | $425M |
| PP&E (Net) | $8.0B |
| Goodwill | $323M |
| Intangible Assets | $62M |
| Long-Term Investments | $166M |
| Tax Assets | $0 |
| Other Non-Current Assets | $88M |
| TOTAL NON-CURRENT ASSETS | $8.6B |
| TOTAL ASSETS | $9.0B |
| Account Payables | $144M |
| Short-Term Debt | $328M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.0B |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $605M |
| Other Non-Current Liabilities | $677M |
| TOTAL NON-CURRENT LIABILITIES | $3.7B |
| TOTAL LIABILITIES | $5.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $9.0B |
| Total Debt | $2.8B |
| Net Debt | $2.8B |
