| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $400M | $393M | $380M | 1.8% | 5.3% |
| Op. Income | $48M | $48M | $33M | -1.7% | 43.9% |
| Gross Margin | 33.6% | 35.5% | 32.5% | -1.9pp | 1.1pp |
| Net Margin | 9.5% | 9.7% | 7.0% | -0.2pp | 2.6pp |
| EPS (Diluted) | $0.92 | $0.92 | $0.64 | 0.0% | 43.8% |
| Free Cash Flow | $141M | $194M | $75M | -27.2% | 89.0% |
| Item | Amount |
|---|---|
| REVENUE | $400M |
| Cost of Revenue | $266M |
| GROSS PROFIT | $135M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $87M |
| Operating Expenses | $87M |
| Cost & Expenses | $353M |
| OPERATING INCOME | $48M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $7M |
| EBIT | $56M |
| EBITDA | $63M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $400M |
| Cost of Revenue | $266M |
| GROSS PROFIT | $135M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $87M |
| Operating Expenses | $87M |
| Cost & Expenses | $353M |
| OPERATING INCOME | $48M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $7M |
| EBIT | $56M |
| EBITDA | $63M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $38M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $91M |
| OPERATING CASH FLOW | $141M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | -$275M |
| Sales/Maturities of Investments | $239M |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$35M |
| Net Debt Issuance | -$287M |
| Common Stock Repurchased | -$200.0K |
| Common Dividends Paid | -$14M |
| Other Financing Activities | $188M |
| NET CASH FROM FINANCING | -$114M |
| FREE CASH FLOW | $141M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $29M |
| Short-Term Investments | $456M |
| Net Receivables | $413M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $898M |
| PP&E (Net) | $0 |
| Goodwill | $54M |
| Intangible Assets | $152M |
| Long-Term Investments | $669M |
| Tax Assets | $0 |
| Other Non-Current Assets | $12.6B |
| TOTAL NON-CURRENT ASSETS | $13.5B |
| TOTAL ASSETS | $14.4B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $547M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12.5B |
| TOTAL NON-CURRENT LIABILITIES | $13.1B |
| TOTAL LIABILITIES | $13.1B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $526M |
| Retained Earnings | $1.6B |
| Treasury Stock | -$533M |
| Accum. Other Comp. Income | -$222M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $14.4B |
| Total Debt | $547M |
| Net Debt | $518M |
