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Price: -- -- | CONSENSUS: Buy DETAILS
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| PRICE TARGET: $23.00 DETAILS
HIGH: $23.00
LOW: $23.00
MEDIAN: $23.00
CONSENSUS: $23.00
UPSIDE: 43.35%
Metric 2025 2024 2023 2022
Revenue
Revenue 403,618.9 292,037 248,011 197,212
Cost of Revenue 199,326.2 41,483 37,764 30,476
Gross Profit 204,292.7 250,554 210,247 166,736
Operating Expenses
R&D Expenses 0 0 0 0
SG&A Expenses 0 39,498 46,258 44,857
Other Expenses 119,381.1 175,546 163,978 142,427
Operating Expenses 119,381.1 215,044 210,236 187,284
Operating Income
Operating Income 84,911.6 35,510 11 (20,548)
Interest Expense 0 4,254 1,931 1,515
Interest Income 123,513.1 0 0 0
Profitability
EBITDA 111,785.1 60,606 20,533 (4,378)
EBIT 84,766.3 39,215 1,942 (19,033)
Income Before Tax 84,766.3 34,961 11 (20,548)
Income Tax Expense (40,148.6) (4,196) 841 4,398
Net Income 121,971.5 36,170 (3,350) (25,856)
Per Share Data
EPS (Basic) 191.74
EPS (Diluted) 188.54
Shares Outstanding 637.6 629.3 629.3 629.3
Metric 2025 2024 2023 2022
Current Assets
Cash & Cash Equivalents 364,657.8 369,077 742,693 859,313
Short-Term Investments 0 245,239 199,964 485,858
Net Receivables 2,714,961.4 998,592 871,192 1,503,538
Inventory 0 0 0 0
Other Current Assets 0 250,705 330,465 0
Total Current Assets 3,079,619.1 1,863,613 2,144,314 3,131,000
Non-Current Assets
Property, Plant & Equipment 27,171.3 29,292 23,387 24,028
Goodwill 0 15,157 9,919 9,919
Intangible Assets 81,977.0 65,672 61,690 56,545
Long-Term Investments 1,757,185.3 854,651 589,954 0
Other Non-Current Assets 144,768.2 1,164,328 942,857 37,578
Total Non-Current Assets 2,118,842.1 2,178,492 1,662,068 157,268
Total Assets 5,198,461.2 4,042,105 3,806,382 3,288,268
Current Liabilities
Account Payables 0 949,396 808,449 673,063
Short-Term Debt 355,359.6 201,978 375,268 0
Deferred Revenue 0 0 0 0
Other Current Liabilities 0 2,431,527 2,173,764 0
Total Current Liabilities 355,359.6 3,592,117 3,363,769 675,802
Non-Current Liabilities
Long-Term Debt 212,046.7 197,600 227,950 494,540
Deferred Tax Liabilities 206.9 377 98 0
Other Non-Current Liabilities 4,188,628.3 18,922 17,759 1,917,688
Total Non-Current Liabilities 4,410,472.4 226,257 251,362 2,420,926
Total Liabilities 4,765,831.9 3,818,374 3,615,131 3,096,728
Stockholders' Equity
Common Stock 201,505.2 91,434 94,180 116,452
Retained Earnings 110,345.5 (4,887) (43,516) (62,259)
Accumulated Other Comprehensive Income (3,068.2) (379) (119) (108)
Total Stockholders' Equity 395,888.6 99,895 65,162 72,057
Total Liabilities & Equity 5,198,461.2 4,042,105 3,806,382 3,288,268
Debt Metrics
Total Debt 576,996.7 411,675 610,952 503,238
Net Debt 212,339.0 42,598 (131,741) (356,075)
Metric 2025 2024 2023 2022
Operating Activities
Net Income 121,971.5 34,961 11 (20,548)
Depreciation & Amortization 27,018.8 21,391 18,591 14,655
Stock-Based Compensation 0 0 0 0
Change in Working Capital 193,067.2 104,465 35,296 (184,943)
Other Non-Cash Items (47,839.0) (4,968) (3,923) (3,866)
Operating Cash Flow 294,218.5 155,849 49,975 (194,702)
Investing Activities
Capital Expenditure (6,753.1) (22,086) (22,495) (29,381)
Acquisitions 0 (7,119) 0 4,596
Purchases of Investments (915,993.6) (463,314) (1,037,408) (621,227)
Sales/Maturities of Investments 200,699.3 177,885 789,836 836,870
Other Investing Activities (2,440.8) (22,607) (21,227) (19,941)
Investing Cash Flow (743,386.1) (319,977) (273,383) 190,014
Financing Activities
Net Debt Issuance 175,352.7 (207,118) 106,269 58,213
Stock Repurchased 0 0 0 0
Dividends Paid (329.8) (283) (179) (4,929)
Other Financing Activities 36,317.7 (2,924) 1,840 (21,298)
Financing Cash Flow 441,980.8 (210,325) 107,930 31,986
Cash Position
Net Change in Cash (30,476.7) (374,512) (114,990) 27,717
Cash at Beginning 395,134.4 744,323 859,313 831,596
Cash at End 364,657.8 369,811 744,323 859,313
Free Cash Flow 287,465.4 133,763 27,480 (224,083)
Key Metrics 2025 2024 2023 2022
Income Statement
Revenue 403,618.9 292,037 248,011 197,212
Gross Profit 204,292.7 250,554 210,247 166,736
Operating Income 84,911.6 35,510 11 (20,548)
Net Income 121,971.5 36,170 (3,350) (25,856)
EPS (Diluted) 188.54
Balance Sheet
Cash & Equivalents 364,657.8 369,077 742,693 859,313
Total Assets 5,198,461.2 4,042,105 3,806,382 3,288,268
Total Debt 576,996.7 411,675 610,952 503,238
Stockholders' Equity 395,888.6 99,895 65,162 72,057
Cash Flow
Operating Cash Flow 294,218.5 155,849 49,975 (194,702)
Capital Expenditure (6,753.1) (22,086) (22,495) (29,381)
Free Cash Flow 287,465.4 133,763 27,480 (224,083)