| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $467M | $484M | $397M | -3.6% | 17.7% |
| Op. Income | $115M | $86M | $76M | 33.4% | 52.3% |
| Gross Margin | 65.2% | 63.4% | 63.8% | 1.8pp | 1.4pp |
| Net Margin | 19.9% | 14.2% | 15.6% | 5.7pp | 4.3pp |
| EPS (Diluted) | $0.49 | $0.36 | $0.36 | 36.1% | 36.1% |
| Free Cash Flow | -$9M | $87M | $151M | -110.0% | -105.7% |
| Item | Amount |
|---|---|
| REVENUE | $467M |
| Cost of Revenue | $162M |
| GROSS PROFIT | $304M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $109M |
| SG&A Expenses | $112M |
| Other Expenses | $78M |
| Operating Expenses | $189M |
| Cost & Expenses | $352M |
| OPERATING INCOME | $115M |
| Interest Income | $400M |
| Interest Expense | $149M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $115M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $93M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $93M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $90M |
| D&A | $13M |
| EBIT | $115M |
| EBITDA | $129M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $467M |
| Cost of Revenue | $162M |
| GROSS PROFIT | $304M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $109M |
| SG&A Expenses | $112M |
| Other Expenses | $78M |
| Operating Expenses | $189M |
| Cost & Expenses | $352M |
| OPERATING INCOME | $115M |
| Interest Income | $400M |
| Interest Expense | $149M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $115M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $93M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $93M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $90M |
| D&A | $13M |
| EBIT | $115M |
| EBITDA | $129M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $93M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$118M |
| OPERATING CASH FLOW | $703.0K |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$383M |
| Sales/Maturities of Investments | $119M |
| Other Investing Activities | $199M |
| NET CASH FROM INVESTING | -$74M |
| Net Debt Issuance | -$125M |
| Common Stock Repurchased | -$550.0K |
| Common Dividends Paid | -$35M |
| Other Financing Activities | $200M |
| NET CASH FROM FINANCING | $40M |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | -$33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $2.5B |
| Net Receivables | $451M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.0B |
| PP&E (Net) | $187M |
| Goodwill | $0 |
| Intangible Assets | $629M |
| Long-Term Investments | $25.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $28.2B |
| TOTAL ASSETS | $32.1B |
| Account Payables | $27M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $26.3B |
| TOTAL CURRENT LIABILITIES | $26.4B |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $845M |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $28.9B |
| Common Stock | $615M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $1.8B |
| Treasury Stock | -$887M |
| Accum. Other Comp. Income | -$272M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $32.1B |
| Total Debt | $1.7B |
| Net Debt | $642M |
