| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $414M | — | $275M | — | 50.4% |
| Op. Income | -$18M | — | -$67M | — | 73.1% |
| Gross Margin | 51.7% | — | 49.3% | — | 2.4pp |
| Net Margin | 2.8% | — | -16.4% | — | 19.1pp |
| EPS (Diluted) | $0.17 | — | $-0.64 | — | 126.6% |
| Free Cash Flow | $247M | — | $126M | — | 96.6% |
| Item | Amount |
|---|---|
| REVENUE | $414M |
| Cost of Revenue | $200M |
| GROSS PROFIT | $214M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $232M |
| Other Expenses | $0 |
| Operating Expenses | $232M |
| Cost & Expenses | $432M |
| OPERATING INCOME | -$18M |
| Interest Income | $23M |
| Interest Expense | $0 |
| Other Income/Expenses | $32M |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $0 |
| EBIT | -$18M |
| EBITDA | -$18M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $217M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $247M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$125M |
| NET CASH FROM INVESTING | -$125M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5.0K |
| NET CASH FROM FINANCING | $5.0K |
| FREE CASH FLOW | $247M |
| Net Change in Cash | $121M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.5B |
| Short-Term Investments | $1.2B |
| Net Receivables | $2M |
| Inventory | $81M |
| Other Current Assets | $153M |
| TOTAL CURRENT ASSETS | $3.9B |
| PP&E (Net) | $779M |
| Goodwill | $0 |
| Intangible Assets | $188M |
| Long-Term Investments | $360M |
| Tax Assets | $5M |
| Other Non-Current Assets | $40M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $5.3B |
| Account Payables | $132M |
| Short-Term Debt | $72M |
| Deferred Revenue | $613M |
| Other Current Liabilities | -$72M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $28M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $304M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $202.0K |
| Additional Paid-In Capital | $4.3B |
| Retained Earnings | -$683M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $91M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | -$23M |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $5.3B |
| Total Debt | $346M |
| Net Debt | -$2.2B |
