| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.7B | $5.1B | $4.1B | -7.2% | 14.7% |
| Op. Income | -$949M | $2.1B | $1.5B | -145.2% | -162.1% |
| Gross Margin | 9.5% | 81.5% | -7.3% | -72.0pp | 16.8pp |
| Net Margin | -15.3% | 33.2% | 29.7% | -48.5pp | -45.0pp |
| EPS (Diluted) | $-4.41 | $9.63 | $6.93 | -145.8% | -163.6% |
| Free Cash Flow | -$272M | $222M | -$1.3B | -222.5% | 79.7% |
| Item | Amount |
|---|---|
| REVENUE | $4.7B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $449M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.4B |
| Operating Expenses | $1.4B |
| Cost & Expenses | $5.7B |
| OPERATING INCOME | -$949M |
| Interest Income | $0 |
| Interest Expense | $80M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$949M |
| Income Tax Expense | -$227M |
| Net Income from Continuing Ops | -$722M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$722M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$756M |
| D&A | $0 |
| EBIT | -$869M |
| EBITDA | -$869M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$722M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $980M |
| Change in Working Capital | -$530M |
| OPERATING CASH FLOW | -$272M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.1B |
| Sales/Maturities of Investments | $3.4B |
| Other Investing Activities | -$1.3B |
| NET CASH FROM INVESTING | -$2.0B |
| Net Debt Issuance | -$316M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$77M |
| Other Financing Activities | $1.2B |
| NET CASH FROM FINANCING | $801M |
| FREE CASH FLOW | -$272M |
| Net Change in Cash | -$1.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.3B |
| Short-Term Investments | $22.3B |
| Net Receivables | $28.6B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $55.2B |
| PP&E (Net) | $0 |
| Goodwill | $1.1B |
| Intangible Assets | $0 |
| Long-Term Investments | -$14.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $341.0B |
| TOTAL NON-CURRENT ASSETS | $327.7B |
| TOTAL ASSETS | $382.9B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8.6B |
| TOTAL CURRENT LIABILITIES | $16.8B |
| Long-Term Debt | $5.9B |
| Deferred Revenue NC | $6.9B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $345.1B |
| TOTAL NON-CURRENT LIABILITIES | $357.9B |
| TOTAL LIABILITIES | $374.7B |
| Common Stock | $4.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $6.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.2B |
| TOTAL LIABILITIES & EQUITY | $382.9B |
| Total Debt | $5.9B |
| Net Debt | $1.6B |
