| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $968M | $1.0B | 5.4% | -1.4% |
| Op. Income | $60M | $47M | $80M | 27.9% | -25.9% |
| Gross Margin | 28.7% | 28.4% | 27.6% | 0.3pp | 1.1pp |
| Net Margin | 2.9% | 2.2% | 4.6% | 0.7pp | -1.7pp |
| EPS (Diluted) | $0.67 | $0.48 | $1.02 | 39.6% | -34.3% |
| Free Cash Flow | $116M | $7M | $85M | 1654.5% | 35.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $727M |
| GROSS PROFIT | $293M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $217M |
| Other Expenses | $17M |
| Operating Expenses | $234M |
| Cost & Expenses | $961M |
| OPERATING INCOME | $60M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $41M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $31M |
| EBIT | $60M |
| EBITDA | $91M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $727M |
| GROSS PROFIT | $293M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $217M |
| Other Expenses | $17M |
| Operating Expenses | $234M |
| Cost & Expenses | $961M |
| OPERATING INCOME | $60M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $41M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $31M |
| EBIT | $60M |
| EBITDA | $91M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $54M |
| OPERATING CASH FLOW | $125M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$71M |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$85M |
| FREE CASH FLOW | $116M |
| Net Change in Cash | $32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $139M |
| Short-Term Investments | $0 |
| Net Receivables | $691M |
| Inventory | $0 |
| Other Current Assets | $36M |
| TOTAL CURRENT ASSETS | $916M |
| PP&E (Net) | $148M |
| Goodwill | $2.1B |
| Intangible Assets | $488M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $22M |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $3.7B |
| Account Payables | $34M |
| Short-Term Debt | $25M |
| Deferred Revenue | $38M |
| Other Current Liabilities | $92M |
| TOTAL CURRENT LIABILITIES | $435M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $192M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $727M |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $1.3B |
| Net Debt | $1.1B |
