| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $414M | — | $373M | — | 11.0% |
| Op. Income | $144M | — | $63M | — | 129.0% |
| Gross Margin | 36.9% | — | 36.1% | — | 0.8pp |
| Net Margin | 22.1% | — | 8.5% | — | 13.6pp |
| EPS (Diluted) | $0.71 | — | $0.24 | — | 195.8% |
| Free Cash Flow | -$12M | — | -$22M | — | 44.6% |
| Item | Amount |
|---|---|
| REVENUE | $414M |
| Cost of Revenue | $261M |
| GROSS PROFIT | $153M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $83M |
| SG&A Expenses | $83M |
| Other Expenses | -$74M |
| Operating Expenses | $9M |
| Cost & Expenses | $271M |
| OPERATING INCOME | $144M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $127M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $94M |
| Net Income from Discontinued Ops | -$2M |
| Other Adjustments | $0 |
| NET INCOME | $92M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $92M |
| D&A | $28M |
| EBIT | $145M |
| EBITDA | $173M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $414M |
| Cost of Revenue | $261M |
| GROSS PROFIT | $153M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $83M |
| SG&A Expenses | $83M |
| Other Expenses | -$74M |
| Operating Expenses | $9M |
| Cost & Expenses | $271M |
| OPERATING INCOME | $144M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $127M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $94M |
| Net Income from Discontinued Ops | -$2M |
| Other Adjustments | $0 |
| NET INCOME | $92M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $92M |
| D&A | $28M |
| EBIT | $145M |
| EBITDA | $173M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $92M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$69M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | $41M |
| Capital Expenditure | -$54M |
| Acquisitions (Net) | $117M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | $64M |
| Net Debt Issuance | -$61M |
| Common Stock Repurchased | -$46M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$113M |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $60M |
| Short-Term Investments | $0 |
| Net Receivables | $85M |
| Inventory | $38M |
| Other Current Assets | $30M |
| TOTAL CURRENT ASSETS | $213M |
| PP&E (Net) | $1.2B |
| Goodwill | $0 |
| Intangible Assets | $690M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $223M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $88M |
| Short-Term Debt | $24M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $192M |
| TOTAL CURRENT LIABILITIES | $304M |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $534M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $50M |
| Retained Earnings | $175M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $230M |
| Minority Interest | $0 |
| TOTAL EQUITY | $230M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $1.3B |
| Net Debt | $1.2B |
