| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $642M | $632M | $666M | 1.7% | -3.5% |
| Op. Income | $20M | $12M | $27M | 74.2% | -24.8% |
| Gross Margin | 10.1% | 10.0% | 10.2% | 0.1pp | -0.1pp |
| Net Margin | 0.2% | 0.6% | 2.3% | -0.4pp | -2.2pp |
| EPS (Diluted) | $0.03 | $0.10 | $0.43 | -70.0% | -93.0% |
| Free Cash Flow | -$15M | $27M | $47M | -155.3% | -132.0% |
| Item | Amount |
|---|---|
| REVENUE | $642M |
| Cost of Revenue | $578M |
| GROSS PROFIT | $65M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $41M |
| Other Expenses | $4M |
| Operating Expenses | $44M |
| Cost & Expenses | $622M |
| OPERATING INCOME | $20M |
| Interest Income | $3M |
| Interest Expense | $6M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $972.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $972.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $972.0K |
| D&A | $12M |
| EBIT | $23M |
| EBITDA | $35M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $642M |
| Cost of Revenue | $578M |
| GROSS PROFIT | $65M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $41M |
| Other Expenses | $4M |
| Operating Expenses | $44M |
| Cost & Expenses | $622M |
| OPERATING INCOME | $20M |
| Interest Income | $3M |
| Interest Expense | $6M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $972.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $972.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $972.0K |
| D&A | $12M |
| EBIT | $23M |
| EBITDA | $35M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $972.0K |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$281.0K |
| Other Non-Cash Items | -$11.0K |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$66M |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | -$6M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$83M |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | -$91M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $265M |
| Short-Term Investments | $0 |
| Net Receivables | $544M |
| Inventory | $532M |
| Other Current Assets | $56M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $335M |
| Goodwill | $192M |
| Intangible Assets | $41M |
| Long-Term Investments | $3M |
| Tax Assets | $37M |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $634M |
| TOTAL ASSETS | $2.0B |
| Account Payables | $355M |
| Short-Term Debt | $4M |
| Deferred Revenue | $126M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $592M |
| Long-Term Debt | $203M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $21M |
| TOTAL NON-CURRENT LIABILITIES | $332M |
| TOTAL LIABILITIES | $924M |
| Common Stock | $4M |
| Additional Paid-In Capital | $533M |
| Retained Earnings | $577M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $312M |
| Net Debt | $47M |
