| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $259M | $205M | $216M | 26.4% | 20.4% |
| Op. Income | $89M | $57M | $46M | 54.5% | 91.7% |
| Gross Margin | 81.1% | 75.8% | 54.8% | 5.2pp | 26.3pp |
| Net Margin | 30.4% | 19.6% | 18.5% | 10.8pp | 11.9pp |
| EPS (Diluted) | $1.48 | $0.76 | $0.75 | 94.6% | 96.1% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $259M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $210M |
| R&D Expenses | $13M |
| Selling & Marketing | $99M |
| General & Administrative | $8M |
| SG&A Expenses | $106M |
| Other Expenses | $3M |
| Operating Expenses | $122M |
| Cost & Expenses | $171M |
| OPERATING INCOME | $89M |
| Interest Income | $610.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $97M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $79M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $79M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $79M |
| D&A | $0 |
| EBIT | $89M |
| EBITDA | $89M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $259M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $210M |
| R&D Expenses | $13M |
| Selling & Marketing | $99M |
| General & Administrative | $8M |
| SG&A Expenses | $106M |
| Other Expenses | $3M |
| Operating Expenses | $122M |
| Cost & Expenses | $171M |
| OPERATING INCOME | $89M |
| Interest Income | $610.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $97M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $79M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $79M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $79M |
| D&A | $0 |
| EBIT | $89M |
| EBITDA | $89M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $79M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$79M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $28M |
| Short-Term Investments | $0 |
| Net Receivables | $553M |
| Inventory | $0 |
| Other Current Assets | $98M |
| TOTAL CURRENT ASSETS | $679M |
| PP&E (Net) | $207M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $33M |
| Tax Assets | $13M |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $256M |
| TOTAL ASSETS | $934M |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $30M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $356M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $36M |
| TOTAL NON-CURRENT LIABILITIES | $43M |
| TOTAL LIABILITIES | $399M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $536M |
| TOTAL STOCKHOLDERS' EQUITY | $536M |
| Minority Interest | $0 |
| TOTAL EQUITY | $536M |
| TOTAL LIABILITIES & EQUITY | $935M |
| Total Debt | $7M |
| Net Debt | -$21M |
