Q4 2022 Earnings

Financial Services Financial - Credit Services

Income Statement

Revenue

$473M+12.4% YoY

Gross Profit

$264M55.7% margin

Operating Income

$33M7.1% margin

Net Income

$31M6.5% margin

EPS (Diluted)

$0.83

QoQ Revenue Growth

+0.1%

Cash Flow

Operating Cash Flow

$27M

Free Cash Flow

$12M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$19.4B

Total Liabilities

$16.2B

Stockholders' Equity

$3.2B

Cash & Equivalents

$118M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$473M	$421M	+12.4%
Gross Profit	$264M	$374M	-29.6%
Operating Income	$33M	$168M	-80.1%
Net Income	$31M	$133M	-76.8%

Revenue Segments

Loan Servicing And Systems Revenue

$140M39%

Education Technology Services And Payment Processing Services

$98M27%

Education Technology And Services

$36M10%

Payment Processing

$34M10%

Tuition Payment Plan Services

$27M7%

Private Education And Consumer Loan Servicing

$12M3%

Software Services

$10M3%

Other Service Offering

$2M0%