| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $590M | $559M | $505M | 5.4% | 16.8% |
| Op. Income | $80M | $52M | $37M | 54.5% | 115.6% |
| Gross Margin | 35.8% | 32.8% | 31.3% | 2.9pp | 4.4pp |
| Net Margin | 4.6% | 0.9% | 2.8% | 3.7pp | 1.8pp |
| EPS (Diluted) | $0.13 | $0.03 | $0.07 | 415.9% | 84.1% |
| Free Cash Flow | $50M | -$11M | $540.0K | 559.4% | 9240.7% |
| Item | Amount |
|---|---|
| REVENUE | $590M |
| Cost of Revenue | $379M |
| GROSS PROFIT | $211M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $123M |
| SG&A Expenses | $123M |
| Other Expenses | $8M |
| Operating Expenses | $131M |
| Cost & Expenses | $510M |
| OPERATING INCOME | $80M |
| Interest Income | $129.0K |
| Interest Expense | $36M |
| Other Income/Expenses | -$36M |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $7M |
| EBIT | $80M |
| EBITDA | $87M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $590M |
| Cost of Revenue | $379M |
| GROSS PROFIT | $211M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $123M |
| SG&A Expenses | $123M |
| Other Expenses | $8M |
| Operating Expenses | $131M |
| Cost & Expenses | $510M |
| OPERATING INCOME | $80M |
| Interest Income | $129.0K |
| Interest Expense | $36M |
| Other Income/Expenses | -$36M |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $7M |
| EBIT | $80M |
| EBITDA | $87M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $27M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$5.0K |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $52M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | -$15M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $50M |
| Net Change in Cash | $29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $101M |
| Short-Term Investments | $0 |
| Net Receivables | $321M |
| Inventory | $0 |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $450M |
| PP&E (Net) | $57M |
| Goodwill | $1.1B |
| Intangible Assets | $94M |
| Long-Term Investments | $42M |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $47M |
| Short-Term Debt | $178M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $82M |
| TOTAL CURRENT LIABILITIES | $414M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $64M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $730.0K |
| TOTAL STOCKHOLDERS' EQUITY | -$11M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$11M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $1.5B |
| Net Debt | $1.4B |
