Revenue: $534.183 million in Q4 2024; YoY +10.49%, QoQ +2.56%. Gross Profit: $188.212 million; YoY +9.37%, QoQ -6.52%; Gross Margin: ~37.4% for full-year 2024 (Q4 margin ~35.2%). Operating Income: $73.678 million; YoY +36.58%, QoQ -16.57%; Operating Margin: ~13.79% in Q4; full-year margin not explicitly stated but AOI margin improved 350 bps. Net Income: $62.782 million; YoY +44.75%, QoQ -9.91%; Net Margin: ~11.75% in Q4. EPS (diluted): $1.42; GAAP EPS: $1.47; YoY EPS growth +44.12%, QoQ -9.82%. AOI (Adjusted Operating Income): $293.9 million; YoY +46%. AOI Margin: improved ~350 bps YoY. Free Cash Flow: $217.2 million for FY2024; FCF Margin ~32% of revenue. Cash and liquidity: Cash at end of period $500.6 million; total cash, cash equivalents, and short-term investments ~$692.3 million; current ratio 5.10; quick ratio 4.95; cash ratio 2.05. Debt: Total debt $528.2 million; net debt ~$27.6 million; Debt-to-capitalization ~31%; Interest coverage ~31.8x. Enrollments: General Education enrollments 121,600 and Career Learning enrollments 72,700 for FY2024; Total revenue per enrollment $9,623, up 5.4% YoY. Guidance: Management did not provide formal Q1/Q2 guidance for FY2025; indicated seasonality should be in line with FY2024 and expects gross margin to improve in FY2025 at a slightly slower pace; plans to achieve FY2028 targets of 10% revenue CAGR and 20% AOI CAGR at the midpoint. Management commentary emphasized ongoing demand for full-time online K-12 options and the potential growth vector from tutoring and Allied Health offerings.