| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $925M | $772M | $647M | 19.8% | 43.0% |
| Op. Income | $98M | $68M | $49M | 45.0% | 100.0% |
| Gross Margin | 59.9% | 62.1% | 59.7% | -2.2pp | 0.2pp |
| Net Margin | 7.8% | 14.8% | 18.0% | -7.0pp | -10.2pp |
| EPS (Diluted) | $0.22 | $0.33 | $0.36 | -34.6% | -39.3% |
| Free Cash Flow | -$31M | $190M | $92M | -116.2% | -133.7% |
| Item | Amount |
|---|---|
| REVENUE | $925M |
| Cost of Revenue | $371M |
| GROSS PROFIT | $554M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $456M |
| Other Expenses | $127.3K |
| Operating Expenses | $456M |
| Cost & Expenses | $827M |
| OPERATING INCOME | $98M |
| Interest Income | $9M |
| Interest Expense | $7M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $81M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $72M |
| D&A | $36M |
| EBIT | $89M |
| EBITDA | $125M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $925M |
| Cost of Revenue | $371M |
| GROSS PROFIT | $554M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $456M |
| Other Expenses | $127.3K |
| Operating Expenses | $456M |
| Cost & Expenses | $827M |
| OPERATING INCOME | $98M |
| Interest Income | $9M |
| Interest Expense | $7M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $81M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $72M |
| D&A | $36M |
| EBIT | $89M |
| EBITDA | $125M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $72M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$158M |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | -$18M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$15M |
| FREE CASH FLOW | -$31M |
| Net Change in Cash | -$67M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $53M |
| Net Receivables | $462M |
| Inventory | $508M |
| Other Current Assets | $159M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $561M |
| Goodwill | $0 |
| Intangible Assets | $72M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $154M |
| TOTAL NON-CURRENT ASSETS | $787M |
| TOTAL ASSETS | $3.1B |
| Account Payables | $206M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $540M |
| TOTAL CURRENT LIABILITIES | $819M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $47M |
| TOTAL NON-CURRENT LIABILITIES | $405M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $43M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $300M |
| Treasury Stock | -$34M |
| Accum. Other Comp. Income | $1.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $3.1B |
| Total Debt | $430M |
| Net Debt | -$679M |
