| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $161M | $116M | $153M | 39.5% | 5.7% |
| Op. Income | $60M | $23M | $39M | 160.1% | 54.9% |
| Gross Margin | 72.2% | 64.8% | 57.9% | 7.4pp | 14.4pp |
| Net Margin | 29.3% | 16.4% | 20.0% | 12.8pp | 9.3pp |
| EPS (Diluted) | $2.42 | $0.96 | $1.57 | 152.1% | 54.1% |
| Free Cash Flow | $92M | $23M | $69M | 305.3% | 32.4% |
| Item | Amount |
|---|---|
| REVENUE | $161M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $117M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $32M |
| SG&A Expenses | $33M |
| Other Expenses | $23M |
| Operating Expenses | $57M |
| Cost & Expenses | $101M |
| OPERATING INCOME | $60M |
| Interest Income | $130M |
| Interest Expense | $27M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $60M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $4M |
| EBIT | $60M |
| EBITDA | $64M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $161M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $117M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $32M |
| SG&A Expenses | $33M |
| Other Expenses | $23M |
| Operating Expenses | $57M |
| Cost & Expenses | $101M |
| OPERATING INCOME | $60M |
| Interest Income | $130M |
| Interest Expense | $27M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $60M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $4M |
| EBIT | $60M |
| EBITDA | $64M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $47M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $422.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | $29M |
| OPERATING CASH FLOW | $93M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$135M |
| Sales/Maturities of Investments | $120M |
| Other Investing Activities | $135M |
| NET CASH FROM INVESTING | $118M |
| Net Debt Issuance | -$25M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$8M |
| Other Financing Activities | $182M |
| NET CASH FROM FINANCING | $149M |
| FREE CASH FLOW | $92M |
| Net Change in Cash | $361M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $793M |
| Short-Term Investments | $382M |
| Net Receivables | $92M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $68M |
| Goodwill | $41M |
| Intangible Assets | $0 |
| Long-Term Investments | $5.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $334M |
| TOTAL NON-CURRENT ASSETS | $5.8B |
| TOTAL ASSETS | $7.1B |
| Account Payables | $0 |
| Short-Term Debt | $90M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.4B |
| TOTAL CURRENT LIABILITIES | $5.5B |
| Long-Term Debt | $370M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $139M |
| TOTAL NON-CURRENT LIABILITIES | $546M |
| TOTAL LIABILITIES | $6.0B |
| Common Stock | $5M |
| Additional Paid-In Capital | $151M |
| Retained Earnings | $890M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $7.1B |
| Total Debt | $497M |
| Net Debt | -$296M |
