| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $448M | $438M | $488M | 2.3% | -8.2% |
| Op. Income | $48M | $73M | $45M | -34.5% | 7.3% |
| Gross Margin | 51.2% | 57.9% | 50.0% | -6.7pp | 1.3pp |
| Net Margin | 6.3% | 12.2% | 6.2% | -5.9pp | 0.1pp |
| EPS (Diluted) | $0.12 | $0.26 | $0.12 | -53.8% | 0.0% |
| Free Cash Flow | $61M | $14M | $31M | 351.9% | 99.2% |
| Item | Amount |
|---|---|
| REVENUE | $448M |
| Cost of Revenue | $219M |
| GROSS PROFIT | $230M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $98M |
| SG&A Expenses | $98M |
| Other Expenses | $84M |
| Operating Expenses | $182M |
| Cost & Expenses | $400M |
| OPERATING INCOME | $48M |
| Interest Income | $421M |
| Interest Expense | $180M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $25M |
| EBIT | $48M |
| EBITDA | $73M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $448M |
| Cost of Revenue | $219M |
| GROSS PROFIT | $230M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $98M |
| SG&A Expenses | $98M |
| Other Expenses | $84M |
| Operating Expenses | $182M |
| Cost & Expenses | $400M |
| OPERATING INCOME | $48M |
| Interest Income | $421M |
| Interest Expense | $180M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $25M |
| EBIT | $48M |
| EBITDA | $73M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $28M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $23M |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | $63M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$18M |
| Sales/Maturities of Investments | $112M |
| Other Investing Activities | -$586M |
| NET CASH FROM INVESTING | -$494M |
| Net Debt Issuance | $245M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$16M |
| Other Financing Activities | $183M |
| NET CASH FROM FINANCING | $440M |
| FREE CASH FLOW | $61M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.4B |
| Short-Term Investments | $2.2B |
| Net Receivables | $136M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.8B |
| PP&E (Net) | $532M |
| Goodwill | $215M |
| Intangible Assets | $119M |
| Long-Term Investments | $25.1B |
| Tax Assets | $692M |
| Other Non-Current Assets | $2.8B |
| TOTAL NON-CURRENT ASSETS | $29.5B |
| TOTAL ASSETS | $34.3B |
| Account Payables | $0 |
| Short-Term Debt | $100M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $27.5B |
| TOTAL CURRENT LIABILITIES | $27.6B |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $429M |
| TOTAL NON-CURRENT LIABILITIES | $3.2B |
| TOTAL LIABILITIES | $30.8B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.6B |
| Retained Earnings | -$369M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$313M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $34.3B |
| Total Debt | $2.9B |
| Net Debt | $513M |
