Q1 2024 Earnings

Financial Services Financial - Credit Services

Income Statement

Revenue

$517M+8.8% YoY

Gross Profit

$311M60.3% margin

Operating Income

$94M18.2% margin

Net Income

$73M14.2% margin

EPS (Diluted)

$1.98

QoQ Revenue Growth

+20.4%

Cash Flow

Operating Cash Flow

$212M

Free Cash Flow

$188M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$15.4B

Total Liabilities

$12.1B

Stockholders' Equity

$3.3B

Cash & Equivalents

$180M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$517M	$475M	+8.8%
Gross Profit	$311M	$241M	+29.0%
Operating Income	$94M	$31M	+200.4%
Net Income	$73M	$26M	+177.1%

Revenue Segments

Education Technology Services And Payment Processing Services

$144M33%

Loan Servicing And Systems Revenue

$127M29%

Education Technology And Services

$56M13%

Payment Processing

$48M11%

Tuition Payment Plan Services

$39M9%

Private Education And Consumer Loan Servicing

$13M3%

Software Services

$5M1%

FFELP Servicing

$3M1%

Outsourced Services Revenue And Other

$1M0%

Other Service Offering

$852,0000%