| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $310M | $380M | $354M | -18.3% | -12.4% |
| Op. Income | $76M | $128M | $114M | -40.2% | -33.1% |
| Gross Margin | 44.3% | 50.1% | 45.8% | -5.8pp | -1.5pp |
| Net Margin | 18.8% | 25.2% | 24.6% | -6.4pp | -5.8pp |
| EPS (Diluted) | $0.93 | $1.85 | $1.80 | -49.7% | -48.3% |
| Free Cash Flow | $141M | -$16M | -$386M | 968.7% | 136.6% |
| Item | Amount |
|---|---|
| REVENUE | $310M |
| Cost of Revenue | $173M |
| GROSS PROFIT | $137M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $44M |
| SG&A Expenses | $44M |
| Other Expenses | $17M |
| Operating Expenses | $61M |
| Cost & Expenses | $234M |
| OPERATING INCOME | $76M |
| Interest Income | $287M |
| Interest Expense | $165M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $76M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $58M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $58M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $770.0K |
| EBIT | $76M |
| EBITDA | $77M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $310M |
| Cost of Revenue | $173M |
| GROSS PROFIT | $137M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $44M |
| SG&A Expenses | $44M |
| Other Expenses | $17M |
| Operating Expenses | $61M |
| Cost & Expenses | $234M |
| OPERATING INCOME | $76M |
| Interest Income | $287M |
| Interest Expense | $165M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $76M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $58M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $58M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $770.0K |
| EBIT | $76M |
| EBITDA | $77M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $58M |
| Depreciation & Amortization | $770.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $55M |
| Change in Working Capital | $34M |
| OPERATING CASH FLOW | $148M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$182M |
| Sales/Maturities of Investments | $247M |
| Other Investing Activities | -$59M |
| NET CASH FROM INVESTING | -$903.0K |
| Net Debt Issuance | -$385M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$15M |
| Other Financing Activities | $297M |
| NET CASH FROM FINANCING | -$102M |
| FREE CASH FLOW | $141M |
| Net Change in Cash | $45M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $521M |
| Short-Term Investments | $706M |
| Net Receivables | $83M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $68M |
| Goodwill | $8M |
| Intangible Assets | $190M |
| Long-Term Investments | $16.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $644M |
| TOTAL NON-CURRENT ASSETS | $17.5B |
| TOTAL ASSETS | $18.8B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12.4B |
| TOTAL CURRENT LIABILITIES | $12.4B |
| Long-Term Debt | $4.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $36M |
| Other Non-Current Liabilities | $193M |
| TOTAL NON-CURRENT LIABILITIES | $4.2B |
| TOTAL LIABILITIES | $16.6B |
| Common Stock | $241M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$77.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $18.8B |
| Total Debt | $4.0B |
| Net Debt | $3.5B |
