| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.8B | $5.8B | $3.4B | -35.8% | 11.0% |
| Op. Income | $75M | $99M | $80M | -23.9% | -6.1% |
| Gross Margin | 5.9% | 2.2% | 6.1% | 3.7pp | -0.2pp |
| Net Margin | 1.6% | 1.0% | 1.9% | 0.6pp | -0.3pp |
| EPS (Diluted) | $0.73 | $0.72 | $0.78 | 1.1% | -6.4% |
| Free Cash Flow | $89M | $65M | $49M | 36.9% | 81.3% |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $222M |
| R&D Expenses | $37M |
| Selling & Marketing | $61M |
| General & Administrative | $50M |
| SG&A Expenses | $111M |
| Other Expenses | $0 |
| Operating Expenses | $147M |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $75M |
| Interest Income | $5M |
| Interest Expense | $9M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $71M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $60M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $60M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $60M |
| D&A | $3M |
| EBIT | $80M |
| EBITDA | $83M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $222M |
| R&D Expenses | $37M |
| Selling & Marketing | $61M |
| General & Administrative | $50M |
| SG&A Expenses | $111M |
| Other Expenses | $0 |
| Operating Expenses | $147M |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $75M |
| Interest Income | $5M |
| Interest Expense | $9M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $71M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $60M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $60M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $60M |
| D&A | $3M |
| EBIT | $80M |
| EBITDA | $83M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $60M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $11M |
| Other Non-Cash Items | $46M |
| Change in Working Capital | -$34M |
| OPERATING CASH FLOW | $90M |
| Capital Expenditure | -$579.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$11M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$57.0K |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$867.0K |
| FREE CASH FLOW | $89M |
| Net Change in Cash | $85M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $660M |
| Short-Term Investments | $76M |
| Net Receivables | $61M |
| Inventory | $0 |
| Other Current Assets | $341M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $48M |
| Goodwill | $46M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $13M |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $118M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $303M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $58M |
| TOTAL LIABILITIES | $361M |
| Common Stock | $0 |
| Additional Paid-In Capital | $876M |
| Retained Earnings | $13M |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | -$361.0K |
| Other Equity | $9M |
| TOTAL STOCKHOLDERS' EQUITY | $895M |
| Minority Interest | $0 |
| TOTAL EQUITY | $895M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $47M |
| Net Debt | -$613M |
