Q1 2025 Earnings

Financial Services Financial - Credit Services

Income Statement

Revenue

$466M-9.8% YoY

Gross Profit

$326M69.9% margin

Operating Income

$106M22.8% margin

Net Income

$83M17.7% margin

EPS (Diluted)

$2.26

QoQ Revenue Growth

+7.3%

Cash Flow

Operating Cash Flow

$91M

Free Cash Flow

$88M

Stock-Based Comp.

Balance Sheet

Total Assets

$14.2B

Total Liabilities

$10.8B

Stockholders' Equity

$3.4B

Cash & Equivalents

$221M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$466M	$517M	-9.8%
Gross Profit	$326M	$311M	+4.6%
Operating Income	$106M	$94M	+13.0%
Net Income	$83M	$73M	+12.5%

Revenue Segments

Education Technology Services And Payment Processing Services

$147M33%

Loan Servicing And Systems Revenue

$121M27%

Education Technology And Services

$56M12%

Payment Processing

$52M11%

Tuition Payment Plan Services

$40M9%

Private Education And Consumer Loan Servicing

$23M5%

Software Services

$7M2%

FFELP Servicing

$3M1%

Outsourced Services Revenue And Other

$1M0%

Other Service Offering

$27,0000%