| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $265M | $246M | $137M | 7.6% | 93.6% |
| Op. Income | $39M | $36M | -$14M | 11.2% | 375.8% |
| Gross Margin | 18.6% | 25.9% | 11.3% | -7.3pp | 7.3pp |
| Net Margin | 21.4% | 2.5% | -35.3% | 18.8pp | 56.7pp |
| EPS (Diluted) | $0.11 | $0.00 | $-0.17 | 2144.9% | 164.7% |
| Free Cash Flow | $41M | -$6M | -$10M | 792.2% | 501.3% |
| Item | Amount |
|---|---|
| REVENUE | $265M |
| Cost of Revenue | $215M |
| GROSS PROFIT | $49M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $16M |
| SG&A Expenses | $16M |
| Other Expenses | -$6M |
| Operating Expenses | $10M |
| Cost & Expenses | $225M |
| OPERATING INCOME | $39M |
| Interest Income | $4M |
| Interest Expense | $5M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | -$19M |
| Net Income from Continuing Ops | $57M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $57M |
| D&A | $74M |
| EBIT | $43M |
| EBITDA | $117M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $265M |
| Cost of Revenue | $215M |
| GROSS PROFIT | $49M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $16M |
| SG&A Expenses | $16M |
| Other Expenses | -$6M |
| Operating Expenses | $10M |
| Cost & Expenses | $225M |
| OPERATING INCOME | $39M |
| Interest Income | $4M |
| Interest Expense | $5M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | -$19M |
| Net Income from Continuing Ops | $57M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $57M |
| D&A | $74M |
| EBIT | $43M |
| EBITDA | $117M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $57M |
| Depreciation & Amortization | $74M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$19M |
| Other Non-Cash Items | -$31M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $90M |
| Capital Expenditure | -$50M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$30M |
| NET CASH FROM INVESTING | -$48M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$2M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | $41M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $385M |
| Short-Term Investments | $82M |
| Net Receivables | $78M |
| Inventory | $83M |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $640M |
| PP&E (Net) | $3.2B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $57M |
| Other Non-Current Assets | $147M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $4.1B |
| Account Payables | $118M |
| Short-Term Debt | $395.0K |
| Deferred Revenue | $142.0K |
| Other Current Liabilities | $981.0K |
| TOTAL CURRENT LIABILITIES | $196M |
| Long-Term Debt | $214M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $571M |
| Other Non-Current Liabilities | $203M |
| TOTAL NON-CURRENT LIABILITIES | $996M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $3.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$667M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $126M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $405M |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $4.1B |
| Total Debt | $234M |
| Net Debt | -$151M |
