| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $524M | $728M | $561M | -28.0% | -6.6% |
| Op. Income | $27M | $192M | $49M | -85.7% | -43.4% |
| Gross Margin | 39.5% | 52.3% | 34.6% | -12.8pp | 4.9pp |
| Net Margin | -0.7% | 13.1% | 0.3% | -13.8pp | -0.9pp |
| EPS (Diluted) | $-0.22 | $0.92 | $-0.15 | -123.9% | -46.7% |
| Free Cash Flow | -$8M | $147M | $23M | -105.7% | -135.9% |
| Item | Amount |
|---|---|
| REVENUE | $524M |
| Cost of Revenue | $317M |
| GROSS PROFIT | $207M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $137M |
| SG&A Expenses | $137M |
| Other Expenses | $43M |
| Operating Expenses | $180M |
| Cost & Expenses | $497M |
| OPERATING INCOME | $27M |
| Interest Income | $0 |
| Interest Expense | $44M |
| Other Income/Expenses | -$44M |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | -$13M |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $38M |
| EBIT | $27M |
| EBITDA | $66M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $38M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | -$28M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $21M |
| Common Stock Repurchased | -$810.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | $107.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $24M |
| Short-Term Investments | $0 |
| Net Receivables | $521M |
| Inventory | $0 |
| Other Current Assets | $54M |
| TOTAL CURRENT ASSETS | $598M |
| PP&E (Net) | $515M |
| Goodwill | $2.0B |
| Intangible Assets | $1.6B |
| Long-Term Investments | $15M |
| Tax Assets | $0 |
| Other Non-Current Assets | $406M |
| TOTAL NON-CURRENT ASSETS | $4.5B |
| TOTAL ASSETS | $5.1B |
| Account Payables | $91M |
| Short-Term Debt | $41M |
| Deferred Revenue | $12M |
| Other Current Liabilities | $73M |
| TOTAL CURRENT LIABILITIES | $440M |
| Long-Term Debt | $2.6B |
| Deferred Revenue NC | $37M |
| Deferred Tax Liabilities | $285M |
| Other Non-Current Liabilities | $369M |
| TOTAL NON-CURRENT LIABILITIES | $3.4B |
| TOTAL LIABILITIES | $3.8B |
| Common Stock | $877.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$479M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$75M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $5.1B |
| Total Debt | $2.7B |
| Net Debt | $2.7B |
