Q3 2023 Earnings

Financial Services Financial - Credit Services

Income Statement

Revenue

$481M+1.7% YoY

Gross Profit

$270M56.0% margin

Operating Income

$50M10.4% margin

Net Income

$44M9.2% margin

EPS (Diluted)

$1.18

QoQ Revenue Growth

+4.9%

Cash Flow

Operating Cash Flow

$154M

Free Cash Flow

$139M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$17.2B

Total Liabilities

$14.0B

Stockholders' Equity

$3.3B

Cash & Equivalents

$188M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$481M	$473M	+1.7%
Gross Profit	$270M	$337M	-20.0%
Operating Income	$50M	$127M	-60.6%
Net Income	$44M	$105M	-57.7%

Revenue Segments

Loan Servicing And Systems Revenue

$128M33%

Education Technology Services And Payment Processing Services

$114M30%

Payment Processing

$51M13%

Education Technology And Services

$32M8%

Tuition Payment Plan Services

$30M8%

Private Education And Consumer Loan Servicing

$12M3%

Software Services

$9M2%

FFELP Servicing

$3M1%

Outsourced Services Revenue And Other

$3M1%

Other Service Offering

$932,0000%