| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | — | $935M | — | 36.6% |
| Op. Income | $48M | — | $80M | — | -39.8% |
| Gross Margin | 19.8% | — | 14.4% | — | 5.4pp |
| Net Margin | 2.2% | — | 5.3% | — | -3.0pp |
| EPS (Diluted) | $0.17 | — | $0.33 | — | -48.5% |
| Free Cash Flow | $133M | — | $48M | — | 175.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $253M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $99M |
| SG&A Expenses | $99M |
| Other Expenses | $107M |
| Operating Expenses | $205M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $48M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $43M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $28M |
| D&A | $13M |
| EBIT | $50M |
| EBITDA | $62M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $253M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $99M |
| SG&A Expenses | $99M |
| Other Expenses | $107M |
| Operating Expenses | $205M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $48M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $43M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $28M |
| D&A | $13M |
| EBIT | $50M |
| EBITDA | $62M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $28M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$20M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $104M |
| OPERATING CASH FLOW | $150M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $133M |
| Net Change in Cash | $130M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $288M |
| Short-Term Investments | $0 |
| Net Receivables | $742M |
| Inventory | $0 |
| Other Current Assets | $52M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $4.1B |
| Goodwill | $67M |
| Intangible Assets | $0 |
| Long-Term Investments | $90M |
| Tax Assets | $0 |
| Other Non-Current Assets | $182M |
| TOTAL NON-CURRENT ASSETS | $4.4B |
| TOTAL ASSETS | $5.5B |
| Account Payables | $199M |
| Short-Term Debt | $155M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $612M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $249M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $232M |
| TOTAL NON-CURRENT LIABILITIES | $3.6B |
| TOTAL LIABILITIES | $4.7B |
| Common Stock | $155.0K |
| Additional Paid-In Capital | $604M |
| Retained Earnings | $147M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $750M |
| Minority Interest | $6M |
| TOTAL EQUITY | $756M |
| TOTAL LIABILITIES & EQUITY | $5.5B |
| Total Debt | $3.6B |
| Net Debt | $3.0B |
