| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $393M | $266M | $328M | 47.9% | 19.6% |
| Op. Income | $129M | -$134M | $84M | 196.4% | 54.7% |
| Gross Margin | 73.0% | 31.5% | 48.1% | 41.5pp | 24.9pp |
| Net Margin | 11.9% | -84.8% | 7.1% | 96.7pp | 4.8pp |
| EPS (Diluted) | $1.93 | $-9.42 | $0.79 | 120.5% | 144.3% |
| Free Cash Flow | $38M | $15M | $44M | 159.2% | -13.2% |
| Item | Amount |
|---|---|
| REVENUE | $393M |
| Cost of Revenue | $106M |
| GROSS PROFIT | $287M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $41M |
| SG&A Expenses | $41M |
| Other Expenses | $116M |
| Operating Expenses | $158M |
| Cost & Expenses | $263M |
| OPERATING INCOME | $129M |
| Interest Income | $0 |
| Interest Expense | $67M |
| Other Income/Expenses | -$69M |
| INCOME BEFORE TAX | $60M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $7M |
| EBIT | $128M |
| EBITDA | $135M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $393M |
| Cost of Revenue | $106M |
| GROSS PROFIT | $287M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $41M |
| SG&A Expenses | $41M |
| Other Expenses | $116M |
| Operating Expenses | $158M |
| Cost & Expenses | $263M |
| OPERATING INCOME | $129M |
| Interest Income | $0 |
| Interest Expense | $67M |
| Other Income/Expenses | -$69M |
| INCOME BEFORE TAX | $60M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $7M |
| EBIT | $128M |
| EBITDA | $135M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $47M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$16M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $45M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$93M |
| NET CASH FROM INVESTING | -$100M |
| Net Debt Issuance | $61M |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | $40M |
| FREE CASH FLOW | $38M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $187M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $238M |
| PP&E (Net) | $142M |
| Goodwill | $519M |
| Intangible Assets | $0 |
| Long-Term Investments | $4.0B |
| Tax Assets | $8M |
| Other Non-Current Assets | $109M |
| TOTAL NON-CURRENT ASSETS | $4.7B |
| TOTAL ASSETS | $5.0B |
| Account Payables | $0 |
| Short-Term Debt | $916M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $234M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $2.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $126M |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $4.2B |
| Common Stock | $235.0K |
| Additional Paid-In Capital | $10M |
| Retained Earnings | $957M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$148M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $819M |
| Minority Interest | $0 |
| TOTAL EQUITY | $819M |
| TOTAL LIABILITIES & EQUITY | $5.0B |
| Total Debt | $3.8B |
| Net Debt | $3.6B |
