| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | — | $1.2B | — | -9.3% |
| Op. Income | $50M | — | $138M | — | -63.8% |
| Gross Margin | 24.8% | — | 29.0% | — | -4.2pp |
| Net Margin | 2.5% | — | 8.3% | — | -5.7pp |
| EPS (Diluted) | $0.03 | — | $0.10 | — | -72.1% |
| Free Cash Flow | $46M | — | $134M | — | -65.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $790M |
| GROSS PROFIT | $260M |
| R&D Expenses | $60M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $150M |
| Other Expenses | $0 |
| Operating Expenses | $210M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $50M |
| Interest Income | $12M |
| Interest Expense | $34M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $282M |
| EBIT | $67M |
| EBITDA | $350M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $790M |
| GROSS PROFIT | $260M |
| R&D Expenses | $60M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $150M |
| Other Expenses | $0 |
| Operating Expenses | $210M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $50M |
| Interest Income | $12M |
| Interest Expense | $34M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $282M |
| EBIT | $67M |
| EBITDA | $350M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $27M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $50M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $126M |
| NET CASH FROM FINANCING | $126M |
| FREE CASH FLOW | $46M |
| Net Change in Cash | $171M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $631M |
| Short-Term Investments | $138M |
| Net Receivables | $387M |
| Inventory | $0 |
| Other Current Assets | $423M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $211M |
| Goodwill | $558M |
| Intangible Assets | $3.1B |
| Long-Term Investments | $307M |
| Tax Assets | $3M |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $5.3B |
| TOTAL ASSETS | $6.9B |
| Account Payables | $947M |
| Short-Term Debt | $896M |
| Deferred Revenue | $673M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.5B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $152M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $4.9B |
| Common Stock | $63.0K |
| Additional Paid-In Capital | $8.1B |
| Retained Earnings | -$6.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $224M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | -$1M |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $6.9B |
| Total Debt | $2.2B |
| Net Debt | $1.6B |
