| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.1B | $2.3B | $2.2B | -6.0% | -3.1% |
| Op. Income | -$174M | $16M | -$719M | -1187.5% | 75.8% |
| Gross Margin | 18.6% | 26.1% | 19.8% | -7.5pp | -1.2pp |
| Net Margin | -9.7% | -1.9% | -32.4% | -7.8pp | 22.7pp |
| EPS (Diluted) | $-0.59 | $-0.13 | $-2.11 | -353.8% | 72.0% |
| Free Cash Flow | -$63M | -$434M | -$262M | 85.5% | 76.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $397M |
| R&D Expenses | $0 |
| Selling & Marketing | $70M |
| General & Administrative | $0 |
| SG&A Expenses | $70M |
| Other Expenses | $501M |
| Operating Expenses | $571M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | -$174M |
| Interest Income | $38M |
| Interest Expense | $145M |
| Other Income/Expenses | -$97M |
| INCOME BEFORE TAX | -$271M |
| Income Tax Expense | -$63M |
| Net Income from Continuing Ops | -$208M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$208M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$208M |
| D&A | $168M |
| EBIT | -$126M |
| EBITDA | $42M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$208M |
| Depreciation & Amortization | $168M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$67M |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | $215M |
| OPERATING CASH FLOW | $114M |
| Capital Expenditure | -$177M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$50M |
| Sales/Maturities of Investments | $528M |
| Other Investing Activities | $56M |
| NET CASH FROM INVESTING | $357M |
| Net Debt Issuance | -$81M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$86M |
| FREE CASH FLOW | -$63M |
| Net Change in Cash | $385M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $1.2B |
| Net Receivables | $361M |
| Inventory | $163M |
| Other Current Assets | $165M |
| TOTAL CURRENT ASSETS | $4.2B |
| PP&E (Net) | $11.6B |
| Goodwill | $0 |
| Intangible Assets | $399M |
| Long-Term Investments | $646M |
| Tax Assets | $0 |
| Other Non-Current Assets | $302M |
| TOTAL NON-CURRENT ASSETS | $12.9B |
| TOTAL ASSETS | $17.1B |
| Account Payables | $648M |
| Short-Term Debt | $384M |
| Deferred Revenue | $1.8B |
| Other Current Liabilities | $585M |
| TOTAL CURRENT LIABILITIES | $4.1B |
| Long-Term Debt | $8.0B |
| Deferred Revenue NC | $654M |
| Deferred Tax Liabilities | $566M |
| Other Non-Current Liabilities | $368M |
| TOTAL NON-CURRENT LIABILITIES | $10.5B |
| TOTAL LIABILITIES | $14.7B |
| Common Stock | $5M |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | $1.1B |
| Treasury Stock | -$2.0B |
| Accum. Other Comp. Income | $7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $17.1B |
| Total Debt | $9.4B |
| Net Debt | $7.1B |
