| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $438M | $333M | $333M | 31.6% | 31.7% |
| Op. Income | $216M | $26M | $139M | 741.2% | 55.8% |
| Gross Margin | 54.2% | 41.4% | 48.1% | 12.8pp | 6.1pp |
| Net Margin | 36.4% | 4.6% | 21.1% | 31.8pp | 15.3pp |
| EPS (Diluted) | $0.38 | $0.04 | $0.17 | 958.5% | 123.5% |
| Free Cash Flow | $78M | -$22M | $107M | 451.6% | -27.3% |
| Item | Amount |
|---|---|
| REVENUE | $438M |
| Cost of Revenue | $201M |
| GROSS PROFIT | $238M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | $9M |
| Operating Expenses | $21M |
| Cost & Expenses | $222M |
| OPERATING INCOME | $216M |
| Interest Income | $0 |
| Interest Expense | $100.0K |
| Other Income/Expenses | -$35M |
| INCOME BEFORE TAX | $182M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $159M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $159M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $159M |
| D&A | $53M |
| EBIT | $182M |
| EBITDA | $234M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $438M |
| Cost of Revenue | $201M |
| GROSS PROFIT | $238M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | $9M |
| Operating Expenses | $21M |
| Cost & Expenses | $222M |
| OPERATING INCOME | $216M |
| Interest Income | $0 |
| Interest Expense | $100.0K |
| Other Income/Expenses | -$35M |
| INCOME BEFORE TAX | $182M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $159M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $159M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $159M |
| D&A | $53M |
| EBIT | $182M |
| EBITDA | $234M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $159M |
| Depreciation & Amortization | $53M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $22M |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$33M |
| OPERATING CASH FLOW | $200M |
| Capital Expenditure | -$122M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$200.0K |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | -$9M |
| NET CASH FROM INVESTING | -$122M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | -$10M |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$22M |
| FREE CASH FLOW | $78M |
| Net Change in Cash | $55M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $345M |
| Short-Term Investments | $33M |
| Net Receivables | $39M |
| Inventory | $222M |
| Other Current Assets | $31M |
| TOTAL CURRENT ASSETS | $672M |
| PP&E (Net) | $4.8B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $25M |
| Other Non-Current Assets | $87M |
| TOTAL NON-CURRENT ASSETS | $4.9B |
| TOTAL ASSETS | $5.6B |
| Account Payables | $268M |
| Short-Term Debt | $0 |
| Deferred Revenue | $59M |
| Other Current Liabilities | $86M |
| TOTAL CURRENT LIABILITIES | $451M |
| Long-Term Debt | $251M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $765M |
| Other Non-Current Liabilities | $305M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $4.1B |
| Additional Paid-In Capital | $87M |
| Retained Earnings | -$457M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $5.5B |
| Total Debt | $280M |
| Net Debt | -$65M |
