| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $488M | $504M | $507M | -3.2% | -3.7% |
| Op. Income | $149M | $151M | $133M | -0.9% | 11.9% |
| Gross Margin | 72.2% | 69.7% | 66.8% | 2.4pp | 5.4pp |
| Net Margin | 24.5% | 24.2% | 21.4% | 0.3pp | 3.0pp |
| EPS (Diluted) | $1.38 | $1.40 | $1.24 | -1.4% | 11.3% |
| Free Cash Flow | $100M | $189M | $164M | -46.9% | -39.0% |
| Item | Amount |
|---|---|
| REVENUE | $488M |
| Cost of Revenue | $136M |
| GROSS PROFIT | $352M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $115M |
| SG&A Expenses | $119M |
| Other Expenses | $85M |
| Operating Expenses | $203M |
| Cost & Expenses | $339M |
| OPERATING INCOME | $149M |
| Interest Income | $395M |
| Interest Expense | $125M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $149M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $120M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $120M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $120M |
| D&A | $10M |
| EBIT | $149M |
| EBITDA | $159M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $488M |
| Cost of Revenue | $136M |
| GROSS PROFIT | $352M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $115M |
| SG&A Expenses | $119M |
| Other Expenses | $85M |
| Operating Expenses | $203M |
| Cost & Expenses | $339M |
| OPERATING INCOME | $149M |
| Interest Income | $395M |
| Interest Expense | $125M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $149M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $120M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $120M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $120M |
| D&A | $10M |
| EBIT | $149M |
| EBITDA | $159M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $120M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $13M |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$59M |
| OPERATING CASH FLOW | $104M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$156M |
| Sales/Maturities of Investments | $263M |
| Other Investing Activities | $188M |
| NET CASH FROM INVESTING | $291M |
| Net Debt Issuance | -$96M |
| Common Stock Repurchased | -$21M |
| Common Dividends Paid | -$40M |
| Other Financing Activities | -$305M |
| NET CASH FROM FINANCING | -$460M |
| FREE CASH FLOW | $100M |
| Net Change in Cash | -$65M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $5.3B |
| Net Receivables | $141M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.9B |
| PP&E (Net) | $371M |
| Goodwill | $855M |
| Intangible Assets | $33M |
| Long-Term Investments | $25.2B |
| Tax Assets | $105M |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $27.9B |
| TOTAL ASSETS | $34.8B |
| Account Payables | $18M |
| Short-Term Debt | $543M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $29.2B |
| TOTAL CURRENT LIABILITIES | $29.8B |
| Long-Term Debt | $211M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $392M |
| TOTAL NON-CURRENT LIABILITIES | $716M |
| TOTAL LIABILITIES | $30.5B |
| Common Stock | $310M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $2.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$515M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.3B |
| TOTAL LIABILITIES & EQUITY | $34.8B |
| Total Debt | $868M |
| Net Debt | -$484M |
