| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $658M | $690M | $741M | -4.5% | -11.1% |
| Op. Income | -$124M | $13M | $38M | -1089.2% | -428.3% |
| Gross Margin | 29.8% | 28.7% | 25.2% | 1.1pp | 4.6pp |
| Net Margin | -17.7% | -0.2% | 2.2% | -17.5pp | -19.8pp |
| EPS (Diluted) | $-3.02 | $-0.03 | $0.42 | -10496.5% | -819.0% |
| Free Cash Flow | $69M | $83M | $72M | -16.9% | -4.8% |
| Item | Amount |
|---|---|
| REVENUE | $658M |
| Cost of Revenue | $462M |
| GROSS PROFIT | $196M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $155M |
| SG&A Expenses | $155M |
| Other Expenses | $166M |
| Operating Expenses | $320M |
| Cost & Expenses | $782M |
| OPERATING INCOME | -$124M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | -$135M |
| Income Tax Expense | -$19M |
| Net Income from Continuing Ops | -$116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$116M |
| D&A | $40M |
| EBIT | -$124M |
| EBITDA | -$84M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$116M |
| Depreciation & Amortization | $40M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$28M |
| Other Non-Cash Items | $132M |
| Change in Working Capital | $41M |
| OPERATING CASH FLOW | $79M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$12M |
| Sales/Maturities of Investments | -$29.0K |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | -$80M |
| Common Stock Repurchased | -$226.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$80M |
| FREE CASH FLOW | $69M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $42M |
| Short-Term Investments | $0 |
| Net Receivables | $457M |
| Inventory | $0 |
| Other Current Assets | $41M |
| TOTAL CURRENT ASSETS | $571M |
| PP&E (Net) | $188M |
| Goodwill | $756M |
| Intangible Assets | $323M |
| Long-Term Investments | $0 |
| Tax Assets | $60M |
| Other Non-Current Assets | $315M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $2.2B |
| Account Payables | $99M |
| Short-Term Debt | $0 |
| Deferred Revenue | $115M |
| Other Current Liabilities | $231M |
| TOTAL CURRENT LIABILITIES | $574M |
| Long-Term Debt | $916M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $81M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $509.0K |
| Additional Paid-In Capital | $547M |
| Retained Earnings | $1.2B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | $195.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $608M |
| Minority Interest | $0 |
| TOTAL EQUITY | $608M |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $956M |
| Net Debt | $914M |
