| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $825M | $960M | $676M | -14.0% | 22.1% |
| Op. Income | $133M | $144M | $71M | -7.9% | 87.8% |
| Gross Margin | 56.9% | 56.2% | 51.3% | 0.7pp | 5.7pp |
| Net Margin | 14.0% | 13.3% | 9.4% | 0.7pp | 4.6pp |
| EPS (Diluted) | $0.75 | $0.82 | $0.40 | -8.5% | 86.7% |
| Free Cash Flow | $90M | -$44M | $95M | 305.0% | -4.7% |
| Item | Amount |
|---|---|
| REVENUE | $825M |
| Cost of Revenue | $355M |
| GROSS PROFIT | $470M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $337M |
| Other Expenses | $0 |
| Operating Expenses | $337M |
| Cost & Expenses | $693M |
| OPERATING INCOME | $133M |
| Interest Income | $17M |
| Interest Expense | $1M |
| Other Income/Expenses | $16M |
| INCOME BEFORE TAX | $149M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $116M |
| D&A | $17M |
| EBIT | $150M |
| EBITDA | $167M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $825M |
| Cost of Revenue | $355M |
| GROSS PROFIT | $470M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $337M |
| Other Expenses | $0 |
| Operating Expenses | $337M |
| Cost & Expenses | $693M |
| OPERATING INCOME | $133M |
| Interest Income | $17M |
| Interest Expense | $1M |
| Other Income/Expenses | $16M |
| INCOME BEFORE TAX | $149M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $116M |
| D&A | $17M |
| EBIT | $150M |
| EBITDA | $167M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $116M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $170.0K |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$26M |
| OPERATING CASH FLOW | $113M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$152M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $601.0K |
| NET CASH FROM FINANCING | -$152M |
| FREE CASH FLOW | $90M |
| Net Change in Cash | -$64M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $0 |
| Net Receivables | $343M |
| Inventory | $753M |
| Other Current Assets | $33M |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $527M |
| Goodwill | $14M |
| Intangible Assets | $27M |
| Long-Term Investments | $0 |
| Tax Assets | $72M |
| Other Non-Current Assets | $54M |
| TOTAL NON-CURRENT ASSETS | $693M |
| TOTAL ASSETS | $3.3B |
| Account Payables | $643M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $912M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $103M |
| TOTAL NON-CURRENT LIABILITIES | $319M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $254.0K |
| Additional Paid-In Capital | $253M |
| Retained Earnings | $1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$55M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $3.3B |
| Total Debt | $262M |
| Net Debt | -$1.2B |
