| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $887M | $1.1B | $757M | -19.5% | 17.1% |
| Op. Income | $171M | $60M | $116M | 185.5% | 46.9% |
| Gross Margin | 70.5% | 60.2% | 66.3% | 10.3pp | 4.2pp |
| Net Margin | 11.1% | -3.1% | 7.7% | 14.2pp | 3.4pp |
| EPS (Diluted) | $0.70 | $-0.25 | $0.42 | 380.0% | 66.7% |
| Free Cash Flow | $124M | $209M | $132M | -40.4% | -5.8% |
| Item | Amount |
|---|---|
| REVENUE | $887M |
| Cost of Revenue | $262M |
| GROSS PROFIT | $626M |
| R&D Expenses | $81M |
| Selling & Marketing | $55M |
| General & Administrative | $0 |
| SG&A Expenses | $55M |
| Other Expenses | $319M |
| Operating Expenses | $455M |
| Cost & Expenses | $716M |
| OPERATING INCOME | $171M |
| Interest Income | $9M |
| Interest Expense | $42M |
| Other Income/Expenses | -$34M |
| INCOME BEFORE TAX | $137M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $100M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $99M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $99M |
| D&A | $42M |
| EBIT | $178M |
| EBITDA | $220M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $887M |
| Cost of Revenue | $262M |
| GROSS PROFIT | $626M |
| R&D Expenses | $81M |
| Selling & Marketing | $55M |
| General & Administrative | $0 |
| SG&A Expenses | $55M |
| Other Expenses | $319M |
| Operating Expenses | $455M |
| Cost & Expenses | $716M |
| OPERATING INCOME | $171M |
| Interest Income | $9M |
| Interest Expense | $42M |
| Other Income/Expenses | -$34M |
| INCOME BEFORE TAX | $137M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $100M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $99M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $99M |
| D&A | $42M |
| EBIT | $178M |
| EBITDA | $220M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $99M |
| Depreciation & Amortization | $42M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $57M |
| Change in Working Capital | -$64M |
| OPERATING CASH FLOW | $138M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $800.0K |
| NET CASH FROM INVESTING | -$52M |
| Net Debt Issuance | -$49M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$98M |
| Other Financing Activities | -$19M |
| NET CASH FROM FINANCING | -$162M |
| FREE CASH FLOW | $124M |
| Net Change in Cash | -$74M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $621M |
| Short-Term Investments | $0 |
| Net Receivables | $657M |
| Inventory | $296M |
| Other Current Assets | $340M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $294M |
| Goodwill | $2.3B |
| Intangible Assets | $503M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $4.1B |
| TOTAL ASSETS | $6.0B |
| Account Payables | $285M |
| Short-Term Debt | $0 |
| Deferred Revenue | $203M |
| Other Current Liabilities | $55M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $3.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $355M |
| TOTAL NON-CURRENT LIABILITIES | $3.7B |
| TOTAL LIABILITIES | $4.8B |
| Common Stock | $110M |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | $2.3B |
| Treasury Stock | -$3.6B |
| Accum. Other Comp. Income | -$240M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $28M |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $6.0B |
| Total Debt | $3.4B |
| Net Debt | $2.7B |
