| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $276M | $254M | $257M | 8.8% | 7.6% |
| Op. Income | $50M | $43M | $73M | 16.2% | -31.3% |
| Gross Margin | 50.2% | 40.5% | 47.0% | 9.8pp | 3.2pp |
| Net Margin | 8.0% | -11.1% | 11.7% | 19.1pp | -3.7pp |
| EPS (Diluted) | $2.50 | $-3.54 | $3.74 | 170.6% | -33.2% |
| Free Cash Flow | -$247M | -$336M | -$324M | 26.7% | 23.8% |
| Item | Amount |
|---|---|
| REVENUE | $276M |
| Cost of Revenue | $137M |
| GROSS PROFIT | $139M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $46M |
| SG&A Expenses | $46M |
| Other Expenses | $43M |
| Operating Expenses | $88M |
| Cost & Expenses | $226M |
| OPERATING INCOME | $50M |
| Interest Income | $26M |
| Interest Expense | $0 |
| Other Income/Expenses | -$41M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | -$13M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $2M |
| EBIT | $50M |
| EBITDA | $52M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $276M |
| Cost of Revenue | $137M |
| GROSS PROFIT | $139M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $46M |
| SG&A Expenses | $46M |
| Other Expenses | $43M |
| Operating Expenses | $88M |
| Cost & Expenses | $226M |
| OPERATING INCOME | $50M |
| Interest Income | $26M |
| Interest Expense | $0 |
| Other Income/Expenses | -$41M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | -$13M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $2M |
| EBIT | $50M |
| EBITDA | $52M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $22M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$132M |
| Change in Working Capital | -$42M |
| OPERATING CASH FLOW | -$148M |
| Capital Expenditure | -$98M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$277M |
| Sales/Maturities of Investments | $786M |
| Other Investing Activities | -$89M |
| NET CASH FROM INVESTING | $420M |
| Net Debt Issuance | -$279M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$17M |
| NET CASH FROM FINANCING | -$300M |
| FREE CASH FLOW | -$247M |
| Net Change in Cash | -$29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $237M |
| Short-Term Investments | $0 |
| Net Receivables | $12.4B |
| Inventory | $0 |
| Other Current Assets | $800.0K |
| TOTAL CURRENT ASSETS | $13.2B |
| PP&E (Net) | $11M |
| Goodwill | $0 |
| Intangible Assets | $2.6B |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $476M |
| TOTAL NON-CURRENT ASSETS | $3.0B |
| TOTAL ASSETS | $16.3B |
| Account Payables | $0 |
| Short-Term Debt | $56M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $216M |
| Long-Term Debt | $14.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $951M |
| TOTAL NON-CURRENT LIABILITIES | $15.5B |
| TOTAL LIABILITIES | $15.7B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $554M |
| Retained Earnings | -$96M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $510M |
| Minority Interest | $0 |
| TOTAL EQUITY | $510M |
| TOTAL LIABILITIES & EQUITY | $16.3B |
| Total Debt | $14.6B |
| Net Debt | $14.4B |
