| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $175M | — | $119M | — | 47.3% |
| Op. Income | $54M | — | $34M | — | 56.3% |
| Gross Margin | 51.2% | — | 50.5% | — | 0.7pp |
| Net Margin | 24.6% | — | 22.3% | — | 2.3pp |
| EPS (Diluted) | $1.57 | — | $1.04 | — | 51.0% |
| Free Cash Flow | $87M | — | $33M | — | 163.1% |
| Item | Amount |
|---|---|
| REVENUE | $175M |
| Cost of Revenue | $85M |
| GROSS PROFIT | $89M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $36M |
| Operating Expenses | $36M |
| Cost & Expenses | $121M |
| OPERATING INCOME | $54M |
| Interest Income | $0 |
| Interest Expense | $85.0K |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $54M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $707.0K |
| EBIT | $54M |
| EBITDA | $55M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $175M |
| Cost of Revenue | $85M |
| GROSS PROFIT | $89M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $36M |
| Operating Expenses | $36M |
| Cost & Expenses | $121M |
| OPERATING INCOME | $54M |
| Interest Income | $0 |
| Interest Expense | $85.0K |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $54M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $707.0K |
| EBIT | $54M |
| EBITDA | $55M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $43M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $44M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $87M |
| Capital Expenditure | -$35.0K |
| Acquisitions (Net) | -$24M |
| Purchases of Investments | -$327M |
| Sales/Maturities of Investments | $300M |
| Other Investing Activities | -$195.0K |
| NET CASH FROM INVESTING | -$52M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$131.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $777.0K |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $87M |
| Net Change in Cash | $39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $119M |
| Short-Term Investments | $502M |
| Net Receivables | $726M |
| Inventory | $0 |
| Other Current Assets | -$531M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $128M |
| Long-Term Investments | $548M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$645M |
| TOTAL NON-CURRENT ASSETS | $33M |
| TOTAL ASSETS | $2.4B |
| Account Payables | $245M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.4B |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $431M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $502M |
| Retained Earnings | $305M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $790M |
| Minority Interest | $0 |
| TOTAL EQUITY | $790M |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $0 |
| Net Debt | -$119M |
