Q2 2024 Earnings

Financial Services Financial - Credit Services

Income Statement

Revenue

$455M-0.8% YoY

Gross Profit

$275M60.4% margin

Operating Income

$58M12.8% margin

Net Income

$45M9.9% margin

EPS (Diluted)

$1.23

QoQ Revenue Growth

-12.0%

Cash Flow

Operating Cash Flow

$133M

Free Cash Flow

$123M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$14.5B

Total Liabilities

$11.3B

Stockholders' Equity

$3.3B

Cash & Equivalents

$145M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$455M	$459M	-0.8%
Gross Profit	$275M	$237M	+16.0%
Operating Income	$58M	$27M	+113.0%
Net Income	$45M	$27M	+64.4%

Revenue Segments

Education Technology Services And Payment Processing Services

$117M32%

Loan Servicing And Systems Revenue

$109M30%

Education Technology And Services

$47M13%

Payment Processing

$34M9%

Tuition Payment Plan Services

$34M9%

Private Education And Consumer Loan Servicing

$13M4%

Software Services

$5M1%

FFELP Servicing

$3M1%

Other Service Offering

$1M0%

Outsourced Services Revenue And Other

$955,0000%