| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $658M | $825M | $774M | -20.3% | -15.1% |
| Op. Income | $55M | $107M | $55M | -49.0% | 0.1% |
| Gross Margin | 34.6% | 35.2% | 28.8% | -0.6pp | 5.7pp |
| Net Margin | 9.2% | 10.5% | 4.6% | -1.3pp | 4.6pp |
| EPS (Diluted) | $0.56 | $0.80 | $0.35 | -30.0% | 60.0% |
| Free Cash Flow | -$231M | $348M | -$97M | -166.5% | -139.5% |
| Item | Amount |
|---|---|
| REVENUE | $658M |
| Cost of Revenue | $430M |
| GROSS PROFIT | $227M |
| R&D Expenses | $0 |
| Selling & Marketing | $28M |
| General & Administrative | $81M |
| SG&A Expenses | $109M |
| Other Expenses | $64M |
| Operating Expenses | $173M |
| Cost & Expenses | $603M |
| OPERATING INCOME | $55M |
| Interest Income | $12M |
| Interest Expense | $21M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $60M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $59M |
| D&A | $8M |
| EBIT | $76M |
| EBITDA | $84M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $658M |
| Cost of Revenue | $430M |
| GROSS PROFIT | $227M |
| R&D Expenses | $0 |
| Selling & Marketing | $28M |
| General & Administrative | $81M |
| SG&A Expenses | $109M |
| Other Expenses | $64M |
| Operating Expenses | $173M |
| Cost & Expenses | $603M |
| OPERATING INCOME | $55M |
| Interest Income | $12M |
| Interest Expense | $21M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $60M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $59M |
| D&A | $8M |
| EBIT | $76M |
| EBITDA | $84M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $62M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $104M |
| Deferred Income Tax | -$26M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$377M |
| OPERATING CASH FLOW | -$218M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$23M |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$36M |
| Common Dividends Paid | -$45M |
| Other Financing Activities | -$110M |
| NET CASH FROM FINANCING | -$192M |
| FREE CASH FLOW | -$231M |
| Net Change in Cash | -$402M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $909M |
| Short-Term Investments | $265M |
| Net Receivables | $683M |
| Inventory | $0 |
| Other Current Assets | $34M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $599M |
| Goodwill | $394M |
| Intangible Assets | $0 |
| Long-Term Investments | $478M |
| Tax Assets | $497M |
| Other Non-Current Assets | $373M |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $4.2B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $411M |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $896M |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $3.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $132M |
| Retained Earnings | $1.5B |
| Treasury Stock | -$701M |
| Accum. Other Comp. Income | -$307M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $603M |
| Minority Interest | $129M |
| TOTAL EQUITY | $732M |
| TOTAL LIABILITIES & EQUITY | $4.2B |
| Total Debt | $2.2B |
| Net Debt | $1.3B |
