| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $312M | $47M | $283M | 561.8% | 10.5% |
| Op. Income | $42M | -$44M | $25M | 194.0% | 67.6% |
| Gross Margin | 31.4% | -8.4% | 26.7% | 39.8pp | 4.7pp |
| Net Margin | 9.4% | -87.7% | 10.3% | 97.1pp | -0.9pp |
| EPS (Diluted) | $0.46 | $-0.66 | $0.46 | 169.7% | 0.0% |
| Free Cash Flow | -$25M | $76M | -$64M | -132.8% | 61.0% |
| Item | Amount |
|---|---|
| REVENUE | $312M |
| Cost of Revenue | $214M |
| GROSS PROFIT | $98M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $35M |
| Other Expenses | $21M |
| Operating Expenses | $56M |
| Cost & Expenses | $271M |
| OPERATING INCOME | $42M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$6.0K |
| INCOME BEFORE TAX | $42M |
| 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 | $21M |
| EBIT | $53M |
| EBITDA | $75M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $312M |
| Cost of Revenue | $214M |
| GROSS PROFIT | $98M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $35M |
| Other Expenses | $21M |
| Operating Expenses | $56M |
| Cost & Expenses | $271M |
| OPERATING INCOME | $42M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$6.0K |
| INCOME BEFORE TAX | $42M |
| 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 | $21M |
| EBIT | $53M |
| EBITDA | $75M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$66M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $131M |
| Purchases of Investments | $6M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$246M |
| NET CASH FROM INVESTING | -$109M |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$25M |
| Net Change in Cash | -$113M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $154M |
| Short-Term Investments | $0 |
| Net Receivables | $61M |
| Inventory | $0 |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $237M |
| PP&E (Net) | $881M |
| Goodwill | $124M |
| Intangible Assets | $176M |
| Long-Term Investments | $115M |
| Tax Assets | $0 |
| Other Non-Current Assets | $152M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $111M |
| Short-Term Debt | $104M |
| Deferred Revenue | $144M |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $371M |
| Long-Term Debt | $599M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $38M |
| Other Non-Current Liabilities | $41M |
| TOTAL NON-CURRENT LIABILITIES | $778M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $626.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$598M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $523M |
| Minority Interest | $12M |
| TOTAL EQUITY | $535M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $804M |
| Net Debt | $650M |
