| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $862M | $689M | $838M | 25.1% | 2.9% |
| Op. Income | $403M | $132M | $387M | 205.0% | 4.0% |
| Gross Margin | 64.7% | 40.9% | 65.6% | 23.8pp | -0.9pp |
| Net Margin | 35.3% | 16.2% | 34.6% | 19.1pp | 0.7pp |
| EPS (Diluted) | $1.40 | $0.50 | $1.27 | 180.0% | 10.2% |
| Free Cash Flow | -$146M | $5M | -$78M | -3317.7% | -87.0% |
| Item | Amount |
|---|---|
| REVENUE | $862M |
| Cost of Revenue | $304M |
| GROSS PROFIT | $558M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $103M |
| SG&A Expenses | $103M |
| Other Expenses | $51M |
| Operating Expenses | $155M |
| Cost & Expenses | $459M |
| OPERATING INCOME | $403M |
| Interest Income | $656M |
| Interest Expense | $281M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $403M |
| Income Tax Expense | $99M |
| Net Income from Continuing Ops | $305M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $305M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $301M |
| D&A | $5M |
| EBIT | $403M |
| EBITDA | $408M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $862M |
| Cost of Revenue | $304M |
| GROSS PROFIT | $558M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $103M |
| SG&A Expenses | $103M |
| Other Expenses | $51M |
| Operating Expenses | $155M |
| Cost & Expenses | $459M |
| OPERATING INCOME | $403M |
| Interest Income | $656M |
| Interest Expense | $281M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $403M |
| Income Tax Expense | $99M |
| Net Income from Continuing Ops | $305M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $305M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $301M |
| D&A | $5M |
| EBIT | $403M |
| EBITDA | $408M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $305M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$44M |
| Change in Working Capital | -$424M |
| OPERATING CASH FLOW | -$146M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$38M |
| Sales/Maturities of Investments | $335M |
| Other Investing Activities | $200M |
| NET CASH FROM INVESTING | $497M |
| Net Debt Issuance | -$295M |
| Common Stock Repurchased | -$30M |
| Common Dividends Paid | -$27M |
| Other Financing Activities | -$1.0B |
| NET CASH FROM FINANCING | -$1.4B |
| FREE CASH FLOW | -$146M |
| Net Change in Cash | -$1.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.7B |
| Short-Term Investments | $54M |
| Net Receivables | $1.6B |
| Inventory | $0 |
| Other Current Assets | $173M |
| TOTAL CURRENT ASSETS | $5.5B |
| PP&E (Net) | $117M |
| Goodwill | $56M |
| Intangible Assets | $6M |
| Long-Term Investments | $22.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $397M |
| TOTAL NON-CURRENT ASSETS | $23.4B |
| TOTAL ASSETS | $28.9B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20.1B |
| TOTAL CURRENT LIABILITIES | $20.1B |
| Long-Term Debt | $6.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $278M |
| TOTAL NON-CURRENT LIABILITIES | $6.4B |
| TOTAL LIABILITIES | $26.5B |
| Common Stock | $89M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $4.4B |
| Treasury Stock | -$3.5B |
| Accum. Other Comp. Income | -$56M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $28.9B |
| Total Debt | $6.1B |
| Net Debt | $2.5B |
