| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $428M | $377M | $399M | 13.5% | 7.1% |
| Op. Income | $82M | $61M | $45M | 34.5% | 81.3% |
| Gross Margin | 58.6% | 58.3% | 51.4% | 0.3pp | 7.2pp |
| Net Margin | 2.6% | -3.6% | 0.4% | 6.1pp | 2.1pp |
| EPS (Diluted) | $0.07 | $-0.08 | $0.01 | 188.2% | 587.9% |
| Free Cash Flow | $72M | $5M | $120M | 1373.0% | -40.0% |
| Item | Amount |
|---|---|
| REVENUE | $428M |
| Cost of Revenue | $177M |
| GROSS PROFIT | $251M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $30M |
| SG&A Expenses | $30M |
| Other Expenses | $139M |
| Operating Expenses | $169M |
| Cost & Expenses | $346M |
| OPERATING INCOME | $82M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$61M |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $10M |
| 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 | $129M |
| EBIT | $45M |
| EBITDA | $173M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $428M |
| Cost of Revenue | $177M |
| GROSS PROFIT | $251M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $30M |
| SG&A Expenses | $30M |
| Other Expenses | $139M |
| Operating Expenses | $169M |
| Cost & Expenses | $346M |
| OPERATING INCOME | $82M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$61M |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $10M |
| 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 | $129M |
| EBIT | $45M |
| EBITDA | $173M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $172M |
| Change in Working Capital | $25M |
| OPERATING CASH FLOW | $205M |
| Capital Expenditure | -$133M |
| Acquisitions (Net) | -$792M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $8M |
| NET CASH FROM INVESTING | -$918M |
| Net Debt Issuance | $660M |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | -$14M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $633M |
| FREE CASH FLOW | $72M |
| Net Change in Cash | -$79M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $0 |
| Net Receivables | $235M |
| Inventory | $35M |
| Other Current Assets | $29M |
| TOTAL CURRENT ASSETS | $372M |
| PP&E (Net) | $4.7B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $57M |
| Tax Assets | $48M |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $4.8B |
| TOTAL ASSETS | $5.2B |
| Account Payables | $398M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $35M |
| TOTAL CURRENT LIABILITIES | $525M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $277M |
| Other Non-Current Liabilities | $858M |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $3.1B |
| Common Stock | $2.8B |
| Additional Paid-In Capital | $37M |
| Retained Earnings | -$934M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $152M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $5.2B |
| Total Debt | $1.4B |
| Net Debt | $1.4B |
