| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | — | $681M | — | 49.0% |
| Op. Income | $23M | — | -$18M | — | 223.8% |
| Gross Margin | 13.2% | — | 11.2% | — | 2.0pp |
| Net Margin | 1.5% | — | -3.5% | — | 5.1pp |
| EPS (Diluted) | $0.07 | — | $-0.13 | — | 157.5% |
| Free Cash Flow | $21M | — | $12M | — | 79.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $882M |
| GROSS PROFIT | $134M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $104M |
| Other Expenses | $7M |
| Operating Expenses | $111M |
| Cost & Expenses | $993M |
| OPERATING INCOME | $23M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $7M |
| EBIT | $23M |
| EBITDA | $30M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $882M |
| GROSS PROFIT | $134M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $104M |
| Other Expenses | $7M |
| Operating Expenses | $111M |
| Cost & Expenses | $993M |
| OPERATING INCOME | $23M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $7M |
| EBIT | $23M |
| EBITDA | $30M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $16M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $121.0K |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | $29M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | -$17M |
| Sales/Maturities of Investments | $17M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | $21M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $470M |
| Short-Term Investments | $34M |
| Net Receivables | $283M |
| Inventory | $0 |
| Other Current Assets | $93M |
| TOTAL CURRENT ASSETS | $880M |
| PP&E (Net) | $77M |
| Goodwill | $32M |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $120M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $361M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $43M |
| TOTAL CURRENT LIABILITIES | $530M |
| Long-Term Debt | $322M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $330M |
| TOTAL LIABILITIES | $859M |
| Common Stock | $198.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $141M |
| Minority Interest | $0 |
| TOTAL EQUITY | $141M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $330M |
| Net Debt | -$141M |
