| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $287M | $249M | $224M | 15.4% | 27.8% |
| Op. Income | -$10M | $62M | $43M | -115.6% | -122.3% |
| Gross Margin | 43.0% | 65.0% | 62.0% | -22.1pp | -19.0pp |
| Net Margin | -3.1% | 20.0% | 15.9% | -23.1pp | -19.0pp |
| EPS (Diluted) | $-0.15 | $0.70 | $0.56 | -121.4% | -126.8% |
| Free Cash Flow | -$31M | $63M | $62M | -148.9% | -149.7% |
| Item | Amount |
|---|---|
| REVENUE | $287M |
| Cost of Revenue | $164M |
| GROSS PROFIT | $123M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $82M |
| SG&A Expenses | $85M |
| Other Expenses | $48M |
| Operating Expenses | $133M |
| Cost & Expenses | $296M |
| OPERATING INCOME | -$10M |
| Interest Income | $253M |
| Interest Expense | $95M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | -$673.0K |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $4M |
| EBIT | -$10M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | $0 |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$26M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$26M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $200M |
| Purchases of Investments | -$688M |
| Sales/Maturities of Investments | $982M |
| Other Investing Activities | -$131M |
| NET CASH FROM INVESTING | $360M |
| Net Debt Issuance | -$70M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$25M |
| Other Financing Activities | $287M |
| NET CASH FROM FINANCING | $190M |
| FREE CASH FLOW | -$31M |
| Net Change in Cash | $524M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $254M |
| Net Receivables | $109M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $281M |
| Goodwill | $1.6B |
| Intangible Assets | $175M |
| Long-Term Investments | $22.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $26.0B |
| TOTAL ASSETS | $27.4B |
| Account Payables | $27M |
| Short-Term Debt | $148M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21.3B |
| TOTAL CURRENT LIABILITIES | $21.5B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $327M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $23.6B |
| Common Stock | $199M |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$193M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $27.4B |
| Total Debt | $2.0B |
| Net Debt | $893M |
