| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $720M | $737M | — | -2.3% | — |
| Op. Income | $160M | $271M | — | -40.9% | — |
| Gross Margin | 33.0% | 29.7% | — | 3.2pp | — |
| Net Margin | 16.9% | 27.9% | — | -11.0pp | — |
| EPS (Diluted) | $0.82 | $1.48 | — | -44.6% | — |
| Free Cash Flow | $118M | $109M | — | 8.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $720M |
| Cost of Revenue | $482M |
| GROSS PROFIT | $237M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $61M |
| Other Expenses | $0 |
| Operating Expenses | $77M |
| Cost & Expenses | $560M |
| OPERATING INCOME | $160M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $152M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $125M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $122M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $122M |
| D&A | $941.0K |
| EBIT | $160M |
| EBITDA | $161M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $720M |
| Cost of Revenue | $482M |
| GROSS PROFIT | $237M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $61M |
| Other Expenses | $0 |
| Operating Expenses | $77M |
| Cost & Expenses | $560M |
| OPERATING INCOME | $160M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $152M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $125M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $122M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $122M |
| D&A | $941.0K |
| EBIT | $160M |
| EBITDA | $161M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $122M |
| Depreciation & Amortization | $941.0K |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$19M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $121M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$110M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$113M |
| Net Debt Issuance | -$937.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | $118M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $472M |
| Short-Term Investments | $0 |
| Net Receivables | $764M |
| Inventory | $166M |
| Other Current Assets | $296M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $35M |
| Goodwill | $328M |
| Intangible Assets | $46M |
| Long-Term Investments | $0 |
| Tax Assets | $463M |
| Other Non-Current Assets | $56M |
| TOTAL NON-CURRENT ASSETS | $930M |
| TOTAL ASSETS | $2.6B |
| Account Payables | $387M |
| Short-Term Debt | $5M |
| Deferred Revenue | $219M |
| Other Current Liabilities | $123M |
| TOTAL CURRENT LIABILITIES | $803M |
| Long-Term Debt | $142M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $545M |
| TOTAL NON-CURRENT LIABILITIES | $687M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $4.1B |
| Retained Earnings | -$2.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$522.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $15M |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $147M |
| Net Debt | -$325M |
