| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.0B | $1.1B | 9.9% | 104.7% |
| Op. Income | -$268M | -$386M | $32M | 30.6% | -937.5% |
| Gross Margin | 35.3% | 31.9% | 41.2% | 3.4pp | -5.9pp |
| Net Margin | -11.3% | -20.0% | 2.4% | 8.6pp | -13.8pp |
| EPS (Diluted) | $-1.06 | $-1.72 | $0.18 | 38.4% | -688.9% |
| Free Cash Flow | $533M | -$154M | $131M | 446.1% | 306.9% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $775M |
| R&D Expenses | $0 |
| Selling & Marketing | $919M |
| General & Administrative | $47M |
| SG&A Expenses | $966M |
| Other Expenses | $77M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | -$268M |
| Interest Income | $0 |
| Interest Expense | $59M |
| Other Income/Expenses | -$51M |
| INCOME BEFORE TAX | -$319M |
| Income Tax Expense | -$70M |
| NET INCOME | -$249M |
| D&A | $711M |
| EBIT | -$260M |
| EBITDA | $451M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$249M |
| Depreciation & Amortization | $711M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$37M |
| Other Non-Cash Items | $913M |
| Change in Working Capital | -$251M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$563M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $60M |
| NET CASH FROM INVESTING | -$507M |
| Net Debt Issuance | -$436M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$142M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$557M |
| FREE CASH FLOW | $533M |
| Net Change in Cash | $32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $349M |
| Short-Term Investments | $0 |
| Net Receivables | $1.3B |
| Inventory | $0 |
| Other Current Assets | $415M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $24.3B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $311M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $25.8B |
| TOTAL ASSETS | $27.9B |
| Account Payables | $654M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.3B |
| TOTAL CURRENT LIABILITIES | $3.6B |
| Long-Term Debt | $5.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.9B |
| TOTAL NON-CURRENT LIABILITIES | $7.2B |
| TOTAL LIABILITIES | $10.7B |
| Common Stock | $2M |
| Additional Paid-In Capital | $13.7B |
| Retained Earnings | $3.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $17.2B |
| TOTAL LIABILITIES & EQUITY | $27.9B |
| Total Debt | $5.3B |
| Net Debt | $5.0B |
