| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.7B | $3.0B | $2.2B | -9.8% | 20.8% |
| Op. Income | $266M | $301M | $215M | -11.7% | 23.8% |
| Gross Margin | 13.2% | 13.1% | 12.9% | 0.1pp | 0.4pp |
| Net Margin | 7.6% | 8.0% | 7.7% | -0.3pp | -0.0pp |
| EPS (Diluted) | $1.47 | $1.68 | $1.17 | -12.5% | 25.6% |
| Free Cash Flow | $329M | $240M | $247M | 37.5% | 33.5% |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $353M |
| R&D Expenses | $0 |
| Selling & Marketing | $9M |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | $78M |
| Operating Expenses | $87M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $266M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | $276M |
| Income Tax Expense | $72M |
| Net Income from Continuing Ops | $204M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $204M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $204M |
| D&A | $15M |
| EBIT | $266M |
| EBITDA | $280M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $353M |
| R&D Expenses | $0 |
| Selling & Marketing | $9M |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | $78M |
| Operating Expenses | $87M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $266M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | $276M |
| Income Tax Expense | $72M |
| Net Income from Continuing Ops | $204M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $204M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $204M |
| D&A | $15M |
| EBIT | $266M |
| EBITDA | $280M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $204M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $76.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $109M |
| OPERATING CASH FLOW | $343M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $156.0K |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $195.0K |
| Common Stock Repurchased | -$177M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$166M |
| FREE CASH FLOW | $329M |
| Net Change in Cash | $170M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $0 |
| Net Receivables | $1.9B |
| Inventory | $0 |
| Other Current Assets | $418M |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $1.0B |
| Goodwill | $8M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $70M |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $4.8B |
| Account Payables | $1.0B |
| Short-Term Debt | $0 |
| Deferred Revenue | $360M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.0B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $479M |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$220M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $2M |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $4.8B |
| Total Debt | $588M |
| Net Debt | -$730M |
