| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $439M | $490M | $313M | -10.3% | 40.2% |
| Op. Income | $176M | $235M | $177M | -25.2% | -0.5% |
| Gross Margin | 57.9% | 67.6% | 73.9% | -9.7pp | -16.0pp |
| Net Margin | 7.8% | 19.4% | 21.7% | -11.6pp | -13.9pp |
| EPS (Diluted) | $0.57 | $1.58 | $1.16 | -63.9% | -50.9% |
| Free Cash Flow | $830M | $302M | -$925M | 175.2% | 189.7% |
| Item | Amount |
|---|---|
| REVENUE | $439M |
| Cost of Revenue | $185M |
| GROSS PROFIT | $254M |
| R&D Expenses | $0 |
| Selling & Marketing | $22M |
| General & Administrative | $58M |
| SG&A Expenses | $80M |
| Other Expenses | -$2M |
| Operating Expenses | $78M |
| Cost & Expenses | $263M |
| OPERATING INCOME | $176M |
| Interest Income | $0 |
| Interest Expense | $146M |
| Other Income/Expenses | -$134M |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $34M |
| D&A | $4M |
| EBIT | $187M |
| EBITDA | $191M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $439M |
| Cost of Revenue | $185M |
| GROSS PROFIT | $254M |
| R&D Expenses | $0 |
| Selling & Marketing | $22M |
| General & Administrative | $58M |
| SG&A Expenses | $80M |
| Other Expenses | -$2M |
| Operating Expenses | $78M |
| Cost & Expenses | $263M |
| OPERATING INCOME | $176M |
| Interest Income | $0 |
| Interest Expense | $146M |
| Other Income/Expenses | -$134M |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $34M |
| D&A | $4M |
| EBIT | $187M |
| EBITDA | $191M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $34M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$796.0K |
| Other Non-Cash Items | $214M |
| Change in Working Capital | $592M |
| OPERATING CASH FLOW | $854M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | -$12M |
| Purchases of Investments | -$104M |
| Sales/Maturities of Investments | $48M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$95M |
| Net Debt Issuance | $7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $238M |
| NET CASH FROM FINANCING | $246M |
| FREE CASH FLOW | $830M |
| Net Change in Cash | $890M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $719M |
| Short-Term Investments | $3.7B |
| Net Receivables | $2.6B |
| Inventory | $0 |
| Other Current Assets | $1.2B |
| TOTAL CURRENT ASSETS | $8.1B |
| PP&E (Net) | $135M |
| Goodwill | $51M |
| Intangible Assets | $46M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $140M |
| TOTAL NON-CURRENT ASSETS | $371M |
| TOTAL ASSETS | $8.5B |
| Account Payables | $842M |
| Short-Term Debt | $2.6B |
| Deferred Revenue | $2.8B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $6.2B |
| Long-Term Debt | $265M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $813M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $7.3B |
| Common Stock | $60.0K |
| Additional Paid-In Capital | $197M |
| Retained Earnings | $1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$81M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $3M |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $8.5B |
| Total Debt | $2.9B |
| Net Debt | $2.1B |
