| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.7B | $1.9B | $2.6B | 44.0% | 2.3% |
| Op. Income | $515M | -$413M | $278M | 224.7% | 85.3% |
| Gross Margin | 59.5% | 40.2% | 52.3% | 19.3pp | 7.2pp |
| Net Margin | 15.0% | -13.0% | 8.3% | 28.0pp | 6.7pp |
| EPS (Diluted) | $0.33 | $-0.28 | $0.20 | 217.9% | 65.0% |
| Free Cash Flow | -$150M | $1.7B | $347M | -108.8% | -143.2% |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $21M |
| General & Administrative | $691M |
| SG&A Expenses | $712M |
| Other Expenses | $379M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $515M |
| Interest Income | $2.1B |
| Interest Expense | $974M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $515M |
| Income Tax Expense | $109M |
| Net Income from Continuing Ops | $406M |
| Net Income from Discontinued Ops | -$1M |
| Other Adjustments | $0 |
| NET INCOME | $405M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $369M |
| D&A | $3M |
| EBIT | $515M |
| EBITDA | $518M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $21M |
| General & Administrative | $691M |
| SG&A Expenses | $712M |
| Other Expenses | $379M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $515M |
| Interest Income | $2.1B |
| Interest Expense | $974M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $515M |
| Income Tax Expense | $109M |
| Net Income from Continuing Ops | $406M |
| Net Income from Discontinued Ops | -$1M |
| Other Adjustments | $0 |
| NET INCOME | $405M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $369M |
| D&A | $3M |
| EBIT | $515M |
| EBITDA | $518M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $405M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $30M |
| Deferred Income Tax | $30M |
| Other Non-Cash Items | $386M |
| Change in Working Capital | -$994M |
| OPERATING CASH FLOW | -$140M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.0B |
| Sales/Maturities of Investments | $3.9B |
| Other Investing Activities | -$624M |
| NET CASH FROM INVESTING | -$711M |
| Net Debt Issuance | $338M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$265M |
| Other Financing Activities | $942M |
| NET CASH FROM FINANCING | $1.0B |
| FREE CASH FLOW | -$150M |
| Net Change in Cash | $166M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $18.4B |
| Net Receivables | $2.5B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $22.9B |
| PP&E (Net) | $602M |
| Goodwill | $2.8B |
| Intangible Assets | $22M |
| Long-Term Investments | $147.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $14.7B |
| TOTAL NON-CURRENT ASSETS | $165.8B |
| TOTAL ASSETS | $188.7B |
| Account Payables | $0 |
| Short-Term Debt | $2.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $150.7B |
| TOTAL CURRENT LIABILITIES | $153.1B |
| Long-Term Debt | $12.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.2B |
| TOTAL NON-CURRENT LIABILITIES | $16.6B |
| TOTAL LIABILITIES | $169.7B |
| Common Stock | $1.3B |
| Additional Paid-In Capital | $5.9B |
| Retained Earnings | $14.7B |
| Treasury Stock | -$2.6B |
| Accum. Other Comp. Income | -$2.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $19.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $19.0B |
| TOTAL LIABILITIES & EQUITY | $188.7B |
| Total Debt | $14.7B |
| Net Debt | $12.8B |
