| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.5B | $1.0B | -16.0% | 23.5% |
| Op. Income | $44M | $214M | -$9M | -79.6% | 614.1% |
| Gross Margin | 58.5% | 57.8% | 55.8% | 0.7pp | 2.7pp |
| Net Margin | 1.5% | 9.1% | -0.4% | -7.7pp | 1.8pp |
| EPS (Diluted) | $0.03 | $0.24 | $-0.01 | -86.5% | 543.8% |
| Free Cash Flow | -$106M | $121M | -$96M | -187.4% | -10.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $513M |
| GROSS PROFIT | $723M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $698M |
| Other Expenses | -$19M |
| Operating Expenses | $679M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $44M |
| Interest Income | $1M |
| Interest Expense | $30M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | -$600.0K |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $0 |
| EBIT | $52M |
| EBITDA | $52M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $513M |
| GROSS PROFIT | $723M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $698M |
| Other Expenses | -$19M |
| Operating Expenses | $679M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $44M |
| Interest Income | $1M |
| Interest Expense | $30M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | -$600.0K |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $0 |
| EBIT | $52M |
| EBITDA | $52M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $81M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$24M |
| Change in Working Capital | -$132M |
| OPERATING CASH FLOW | -$57M |
| Capital Expenditure | -$49M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$66M |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$23M |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | -$106M |
| Net Change in Cash | -$119M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $303M |
| Short-Term Investments | $0 |
| Net Receivables | $478M |
| Inventory | $1.6B |
| Other Current Assets | $198M |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $1.2B |
| Goodwill | $2.3B |
| Intangible Assets | $2.8B |
| Long-Term Investments | $61M |
| Tax Assets | $84M |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $6.4B |
| TOTAL ASSETS | $9.0B |
| Account Payables | $529M |
| Short-Term Debt | $277M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $664M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $792M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $513M |
| Other Non-Current Liabilities | $62M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $3.5B |
| Common Stock | $19M |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | -$464M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.5B |
| Minority Interest | $17M |
| TOTAL EQUITY | $5.5B |
| TOTAL LIABILITIES & EQUITY | $9.0B |
| Total Debt | $1.7B |
| Net Debt | $1.4B |
