| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $493M | — | $521M | — | -5.3% |
| Op. Income | $98M | — | $78M | — | 25.7% |
| Gross Margin | 54.5% | — | 52.3% | — | 2.2pp |
| Net Margin | 7.2% | — | -0.6% | — | 7.7pp |
| EPS (Diluted) | $0.19 | — | $-0.02 | — | 1265.6% |
| Free Cash Flow | -$34M | — | -$32M | — | -3.3% |
| Item | Amount |
|---|---|
| REVENUE | $493M |
| Cost of Revenue | $224M |
| GROSS PROFIT | $269M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $166M |
| Other Expenses | $0 |
| Operating Expenses | $171M |
| Cost & Expenses | $395M |
| OPERATING INCOME | $98M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$52M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $28M |
| EBIT | $71M |
| EBITDA | $99M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $493M |
| Cost of Revenue | $224M |
| GROSS PROFIT | $269M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $166M |
| Other Expenses | $0 |
| Operating Expenses | $171M |
| Cost & Expenses | $395M |
| OPERATING INCOME | $98M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$52M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $28M |
| EBIT | $71M |
| EBITDA | $99M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $35M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $20M |
| Change in Working Capital | -$103M |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $13M |
| Other Investing Activities | -$36M |
| NET CASH FROM INVESTING | -$46M |
| Net Debt Issuance | -$12M |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | -$11M |
| Other Financing Activities | -$47M |
| NET CASH FROM FINANCING | -$85M |
| FREE CASH FLOW | -$34M |
| Net Change in Cash | -$146M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $324M |
| Short-Term Investments | $16M |
| Net Receivables | $688M |
| Inventory | $65M |
| Other Current Assets | $92M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $342M |
| Goodwill | $730M |
| Intangible Assets | $18M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $995M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $3.3B |
| Account Payables | $744M |
| Short-Term Debt | $14M |
| Deferred Revenue | $700M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $1.9B |
| Deferred Revenue NC | $52M |
| Deferred Tax Liabilities | $50M |
| Other Non-Current Liabilities | $215M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $3.8B |
| Common Stock | $270M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.7B |
| Treasury Stock | -$2.6B |
| Accum. Other Comp. Income | -$812M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$536M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$536M |
| TOTAL LIABILITIES & EQUITY | $3.3B |
| Total Debt | $2.0B |
| Net Debt | $1.7B |
