| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $651M | — | $662M | — | -1.6% |
| Op. Income | -$520M | — | -$37M | — | -1290.6% |
| Gross Margin | 17.9% | — | 16.3% | — | 1.6pp |
| Net Margin | -86.4% | — | -15.3% | — | -71.2pp |
| EPS (Diluted) | $-6.30 | — | $-1.15 | — | -447.5% |
| Free Cash Flow | -$127M | — | -$35M | — | -264.2% |
| Item | Amount |
|---|---|
| REVENUE | $651M |
| Cost of Revenue | $535M |
| GROSS PROFIT | $117M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $122M |
| Other Expenses | $515M |
| Operating Expenses | $637M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | -$520M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | -$548M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | -$563M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$563M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$563M |
| D&A | $20M |
| EBIT | -$526M |
| EBITDA | -$506M |
| EPS | -$6 |
| EPS Diluted | -$6 |
| Item | Amount |
|---|---|
| Net Income | -$563M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $500M |
| Change in Working Capital | -$89M |
| OPERATING CASH FLOW | -$124M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $19M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $16M |
| Net Debt Issuance | $89M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$600.0K |
| NET CASH FROM FINANCING | $88M |
| FREE CASH FLOW | -$127M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $102M |
| Short-Term Investments | $0 |
| Net Receivables | $729M |
| Inventory | $0 |
| Other Current Assets | $140M |
| TOTAL CURRENT ASSETS | $970M |
| PP&E (Net) | $150M |
| Goodwill | $1.2B |
| Intangible Assets | $651M |
| Long-Term Investments | $0 |
| Tax Assets | $5M |
| Other Non-Current Assets | $101M |
| TOTAL NON-CURRENT ASSETS | $2.2B |
| TOTAL ASSETS | $3.1B |
| Account Payables | $110M |
| Short-Term Debt | $164M |
| Deferred Revenue | $364M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $999M |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $118M |
| Other Non-Current Liabilities | $36M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$960M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$238M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $859M |
| Minority Interest | $0 |
| TOTAL EQUITY | $859M |
| TOTAL LIABILITIES & EQUITY | $3.1B |
| Total Debt | $1.3B |
| Net Debt | $1.2B |
