Q3 2024 Earnings

Financial Services Financial - Credit Services

Income Statement

Revenue

$435M-9.6% YoY

Gross Profit

$248M57.1% margin

Operating Income

-$2M-0.5% margin

Net Income

$2M0.5% margin

EPS (Diluted)

$0.07

QoQ Revenue Growth

-4.4%

Cash Flow

Operating Cash Flow

$137M

Free Cash Flow

$133M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$14.1B

Total Liabilities

$10.9B

Stockholders' Equity

$3.3B

Cash & Equivalents

$220M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$435M	$481M	-9.6%
Gross Profit	$248M	$270M	-7.9%
Operating Income	-$2M	$50M	-104.4%
Net Income	$2M	$44M	-94.6%

Revenue Segments

Education Technology Services And Payment Processing Services

$118M32%

Loan Servicing And Systems Revenue

$108M29%

Payment Processing

$56M15%

Tuition Payment Plan Services

$32M9%

Education Technology And Services

$30M8%

Private Education And Consumer Loan Servicing

$13M4%

Software Services

$5M1%

FFELP Servicing

$3M1%

Outsourced Services Revenue And Other

$2M0%

Other Service Offering

$627,0000%