FRBA FY 2024 Earnings Report — First Bank Revenue & Financial Results | Market Cap Arena

FY 2024 Earnings

Reported December 31, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$229M	—	$173M	—	32.4%
Op. Income	$55M	—	$27M	—	103.1%
Gross Margin	56.1%	—	55.3%	—	0.8pp
Net Margin	18.4%	—	12.1%	—	6.4pp
EPS (Diluted)	$1.67	—	$0.95	—	75.8%
Free Cash Flow	$25M	—	$141M	—	-82.4%

Revenue Flow

Item	Amount
REVENUE	$229M
Cost of Revenue	$101M
GROSS PROFIT	$129M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$43M
SG&A Expenses	$44M
Other Expenses	$29M
Operating Expenses	$74M
Cost & Expenses	$174M
OPERATING INCOME	$55M
Interest Income	$222M
Interest Expense	$100M
Other Income/Expenses	$0
INCOME BEFORE TAX	$55M
Income Tax Expense	$13M
Net Income from Continuing Ops	$42M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$42M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$42M
D&A	$4M
EBIT	$55M
EBITDA	$59M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$229M
Cost of Revenue	$101M
GROSS PROFIT	$129M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$43M
SG&A Expenses	$44M
Other Expenses	$29M
Operating Expenses	$74M
Cost & Expenses	$174M
OPERATING INCOME	$55M
Interest Income	$222M
Interest Expense	$100M
Other Income/Expenses	$0
INCOME BEFORE TAX	$55M
Income Tax Expense	$13M
Net Income from Continuing Ops	$42M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$42M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$42M
D&A	$4M
EBIT	$55M
EBITDA	$59M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$42M
Depreciation & Amortization	$4M
Stock-Based Compensation	$2M
Deferred Income Tax	$5M
Other Non-Cash Items	-$14M
Change in Working Capital	-$12M
OPERATING CASH FLOW	$28M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$53M
Sales/Maturities of Investments	$47M
Other Investing Activities	-$98M
NET CASH FROM INVESTING	-$107M
Net Debt Issuance	$43M
Common Stock Repurchased	-$1M
Common Dividends Paid	-$6M
Other Financing Activities	$88M
NET CASH FROM FINANCING	$124M
FREE CASH FLOW	$25M
Net Change in Cash	$44M

Balance Sheet

Item	Amount
Cash & Equivalents	$258M
Short-Term Investments	$68M
Net Receivables	$14M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$340M
PP&E (Net)	$21M
Goodwill	$44M
Intangible Assets	$9M
Long-Term Investments	$3.2B
Tax Assets	$26M
Other Non-Current Assets	$163M
TOTAL NON-CURRENT ASSETS	$3.4B
TOTAL ASSETS	$3.8B
Account Payables	$4M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$3.1B
TOTAL CURRENT LIABILITIES	$3.1B
Long-Term Debt	$277M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$35M
TOTAL NON-CURRENT LIABILITIES	$311M
TOTAL LIABILITIES	$3.4B
Common Stock	$135M
Additional Paid-In Capital	$125M
Retained Earnings	$177M
Treasury Stock	-$23M
Accum. Other Comp. Income	-$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$409M
Minority Interest	$0
TOTAL EQUITY	$409M
TOTAL LIABILITIES & EQUITY	$3.8B
Total Debt	$277M
Net Debt	$19M