| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $755M | $691M | $698M | 9.1% | 8.1% |
| Op. Income | $71M | $72M | $63M | -1.8% | 12.7% |
| Gross Margin | 23.9% | 26.1% | 23.5% | -2.2pp | 0.4pp |
| Net Margin | 2.6% | 2.9% | 2.5% | -0.3pp | 0.1pp |
| EPS (Diluted) | $1.23 | $1.28 | $1.10 | -3.9% | 11.8% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $755M |
| Cost of Revenue | $574M |
| GROSS PROFIT | $181M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $89M |
| Other Expenses | $0 |
| Operating Expenses | $110M |
| Cost & Expenses | $684M |
| OPERATING INCOME | $71M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $66M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $0 |
| EBIT | $71M |
| EBITDA | $71M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $755M |
| Cost of Revenue | $574M |
| GROSS PROFIT | $181M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $89M |
| Other Expenses | $0 |
| Operating Expenses | $110M |
| Cost & Expenses | $684M |
| OPERATING INCOME | $71M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $66M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $0 |
| EBIT | $71M |
| EBITDA | $71M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $19M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$19M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $462M |
| Short-Term Investments | $65M |
| Net Receivables | $928M |
| Inventory | $28M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $204M |
| Goodwill | $0 |
| Intangible Assets | $1.2B |
| Long-Term Investments | $98M |
| Tax Assets | $36M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $3.0B |
| Account Payables | $284M |
| Short-Term Debt | $238M |
| Deferred Revenue | $181M |
| Other Current Liabilities | $65M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $227M |
| Deferred Revenue NC | $26M |
| Deferred Tax Liabilities | $45M |
| Other Non-Current Liabilities | $72M |
| TOTAL NON-CURRENT LIABILITIES | $488M |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $681M |
| TOTAL STOCKHOLDERS' EQUITY | $681M |
| Minority Interest | $696M |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $3.0B |
| Total Debt | $627M |
| Net Debt | $165M |
