Q1 2023 Earnings

Revenue

$773M-33.8% YoY

Gross Profit

$518M67.0% margin

Operating Income

-$124M-16.0% margin

Net Income

-$79M-10.2% margin

EPS (Diluted)

$-0.34

QoQ Revenue Growth

+22.8%

Operating Cash Flow

$463M

Free Cash Flow

$463M

Stock-Based Comp.

$283M

Total Assets

$139.3B

Total Liabilities

$133.6B

Stockholders' Equity

$5.7B

Cash & Equivalents

$5.0B

Metric	Current	Year Ago	Change
Revenue	$773M	$1.2B	-33.8%
Gross Profit	$518M	$889M	-41.7%
Operating Income	-$124M	-$554M	+77.7%
Net Income	-$79M	-$430M	+81.6%

Bank Servicing, Consumer, Net

$352M71%

Subscription and Circulation, Blockchain Infrastructure Service

$74M15%

Subscription and Circulation, Other

$30M6%

Bank Servicing, Institutional

$22M5%

Subscription and Circulation, Custodial Fee

$17M3%

UNITED STATES

$687M89%

Rest of the World

$86M11%