| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $368M | $375M | $353M | -2.0% | 4.2% |
| Op. Income | $91M | $69M | $85M | 30.9% | 6.6% |
| Gross Margin | 36.2% | 29.6% | 35.6% | 6.6pp | 0.6pp |
| Net Margin | 8.3% | 2.9% | 7.4% | 5.5pp | 1.0pp |
| EPS (Diluted) | $2.72 | $0.94 | $2.37 | 189.4% | 14.8% |
| Free Cash Flow | -$93M | $39M | -$79M | -340.2% | -17.8% |
| Item | Amount |
|---|---|
| REVENUE | $368M |
| Cost of Revenue | $235M |
| GROSS PROFIT | $133M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $42M |
| SG&A Expenses | $42M |
| Other Expenses | $0 |
| Operating Expenses | $42M |
| Cost & Expenses | $277M |
| OPERATING INCOME | $91M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | -$49M |
| INCOME BEFORE TAX | $41M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $9M |
| EBIT | $63M |
| EBITDA | $72M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $368M |
| Cost of Revenue | $235M |
| GROSS PROFIT | $133M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $42M |
| SG&A Expenses | $42M |
| Other Expenses | $0 |
| Operating Expenses | $42M |
| Cost & Expenses | $277M |
| OPERATING INCOME | $91M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | -$49M |
| INCOME BEFORE TAX | $41M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $9M |
| EBIT | $63M |
| EBITDA | $72M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $31M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$137M |
| OPERATING CASH FLOW | -$92M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$359.0K |
| NET CASH FROM INVESTING | -$359.0K |
| Net Debt Issuance | $107M |
| Common Stock Repurchased | -$90.0K |
| Common Dividends Paid | -$2M |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | $96M |
| FREE CASH FLOW | -$93M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $37M |
| Short-Term Investments | $0 |
| Net Receivables | $1.7B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $169M |
| Goodwill | $144M |
| Intangible Assets | $36M |
| Long-Term Investments | $1.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $205M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $3.6B |
| Account Payables | $59M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $438M |
| Long-Term Debt | $720M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $45M |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $23M |
| Retained Earnings | $849M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $204.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $872M |
| Minority Interest | $0 |
| TOTAL EQUITY | $872M |
| TOTAL LIABILITIES & EQUITY | $3.6B |
| Total Debt | $892M |
| Net Debt | $855M |
