| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $689M | $699M | $666M | -1.4% | 3.5% |
| Op. Income | -$67M | $65M | $35M | -203.8% | -293.4% |
| Gross Margin | 17.2% | 61.9% | 17.2% | -44.7pp | -0.0pp |
| Net Margin | -9.5% | 4.6% | 2.1% | -14.0pp | -11.5pp |
| EPS (Diluted) | $-3.62 | $1.73 | $0.75 | -309.2% | -582.7% |
| Free Cash Flow | -$11M | $117M | $7M | -109.0% | -249.4% |
| Item | Amount |
|---|---|
| REVENUE | $689M |
| Cost of Revenue | $571M |
| GROSS PROFIT | $118M |
| R&D Expenses | $0 |
| Selling & Marketing | $27M |
| General & Administrative | $0 |
| SG&A Expenses | $27M |
| Other Expenses | $159M |
| Operating Expenses | $186M |
| Cost & Expenses | $757M |
| OPERATING INCOME | -$67M |
| Interest Income | $10M |
| Interest Expense | $31M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | -$89M |
| Income Tax Expense | -$23M |
| Net Income from Continuing Ops | -$65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$65M |
| D&A | $69M |
| EBIT | -$57M |
| EBITDA | $11M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$65M |
| Depreciation & Amortization | $69M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $97M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | $92M |
| Capital Expenditure | -$103M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$194M |
| Sales/Maturities of Investments | $177M |
| Other Investing Activities | -$514.0K |
| NET CASH FROM INVESTING | -$120M |
| Net Debt Issuance | -$53M |
| Common Stock Repurchased | -$350.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | -$47M |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | -$75M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $210M |
| Short-Term Investments | $633M |
| Net Receivables | $75M |
| Inventory | $34M |
| Other Current Assets | $255M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $3.0B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $10M |
| Tax Assets | $0 |
| Other Non-Current Assets | $210M |
| TOTAL NON-CURRENT ASSETS | $3.2B |
| TOTAL ASSETS | $4.4B |
| Account Payables | $69M |
| Short-Term Debt | $183M |
| Deferred Revenue | $402M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $43M |
| Deferred Tax Liabilities | $302M |
| Other Non-Current Liabilities | $59M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $26.0K |
| Additional Paid-In Capital | $767M |
| Retained Earnings | $970M |
| Treasury Stock | -$685M |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $4.4B |
| Total Debt | $2.0B |
| Net Debt | $1.8B |
