| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | $2.9B | $2.6B | 13.6% | 23.1% |
| Op. Income | $795M | $767M | $579M | 3.6% | 37.4% |
| Gross Margin | 42.4% | 45.7% | 43.5% | -3.3pp | -1.0pp |
| Net Margin | 17.2% | 19.3% | 14.4% | -2.2pp | 2.8pp |
| EPS (Diluted) | $0.11 | $0.11 | $0.08 | 0.0% | 41.9% |
| Free Cash Flow | $1.0B | $1.3B | -$597M | -21.3% | 267.9% |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $123M |
| SG&A Expenses | $123M |
| Other Expenses | $458M |
| Operating Expenses | $582M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $795M |
| Interest Income | $2.7B |
| Interest Expense | $896M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $795M |
| Income Tax Expense | $238M |
| Net Income from Continuing Ops | $557M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $557M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $557M |
| D&A | $21M |
| EBIT | $795M |
| EBITDA | $816M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $123M |
| SG&A Expenses | $123M |
| Other Expenses | $458M |
| Operating Expenses | $582M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $795M |
| Interest Income | $2.7B |
| Interest Expense | $896M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $795M |
| Income Tax Expense | $238M |
| Net Income from Continuing Ops | $557M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $557M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $557M |
| D&A | $21M |
| EBIT | $795M |
| EBITDA | $816M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $557M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $78M |
| Deferred Income Tax | $157M |
| Other Non-Cash Items | $704M |
| Change in Working Capital | -$432M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$83M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | -$80M |
| NET CASH FROM INVESTING | -$81M |
| Net Debt Issuance | -$170M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$169M |
| FREE CASH FLOW | $1.0B |
| Net Change in Cash | $1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14.9B |
| Short-Term Investments | $9.4B |
| Net Receivables | $15.1B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $39.6B |
| PP&E (Net) | $46M |
| Goodwill | $409M |
| Intangible Assets | $440M |
| Long-Term Investments | $8.0B |
| Tax Assets | $1.8B |
| Other Non-Current Assets | $3.9B |
| TOTAL NON-CURRENT ASSETS | $14.6B |
| TOTAL ASSETS | $54.2B |
| Account Payables | $10.1B |
| Short-Term Debt | $777M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $31.6B |
| TOTAL CURRENT LIABILITIES | $42.7B |
| Long-Term Debt | $930M |
| Deferred Revenue NC | $85M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.8B |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $45.6B |
| Common Stock | $84.0K |
| Additional Paid-In Capital | $5.1B |
| Retained Earnings | $4.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$481M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.6B |
| Minority Interest | $1M |
| TOTAL EQUITY | $8.6B |
| TOTAL LIABILITIES & EQUITY | $54.2B |
| Total Debt | $1.7B |
| Net Debt | -$13.2B |
