| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $671M | $423M | $563M | 58.8% | 19.3% |
| Op. Income | $205M | $75M | $155M | 173.8% | 32.3% |
| Gross Margin | 57.7% | 60.3% | 56.3% | -2.5pp | 1.4pp |
| Net Margin | 18.3% | 5.6% | 14.9% | 12.7pp | 3.4pp |
| EPS (Diluted) | $0.65 | $0.13 | $0.44 | 409.1% | 47.4% |
| Free Cash Flow | -$43M | -$36M | $39M | -22.2% | -212.2% |
| Item | Amount |
|---|---|
| REVENUE | $671M |
| Cost of Revenue | $284M |
| GROSS PROFIT | $388M |
| R&D Expenses | $0 |
| Selling & Marketing | $148M |
| General & Administrative | $38M |
| SG&A Expenses | $186M |
| Other Expenses | -$3M |
| Operating Expenses | $183M |
| Cost & Expenses | $467M |
| OPERATING INCOME | $205M |
| Interest Income | $0 |
| Interest Expense | $30M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | $175M |
| Income Tax Expense | $52M |
| Net Income from Continuing Ops | $123M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $123M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $123M |
| D&A | $32M |
| EBIT | $205M |
| EBITDA | $237M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $671M |
| Cost of Revenue | $284M |
| GROSS PROFIT | $388M |
| R&D Expenses | $0 |
| Selling & Marketing | $148M |
| General & Administrative | $38M |
| SG&A Expenses | $186M |
| Other Expenses | -$3M |
| Operating Expenses | $183M |
| Cost & Expenses | $467M |
| OPERATING INCOME | $205M |
| Interest Income | $0 |
| Interest Expense | $30M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | $175M |
| Income Tax Expense | $52M |
| Net Income from Continuing Ops | $123M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $123M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $123M |
| D&A | $32M |
| EBIT | $205M |
| EBITDA | $237M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $123M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $52M |
| Other Non-Cash Items | -$53M |
| Change in Working Capital | -$176M |
| OPERATING CASH FLOW | -$21M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$27M |
| FREE CASH FLOW | -$43M |
| Net Change in Cash | -$74M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $275M |
| Short-Term Investments | $0 |
| Net Receivables | $304M |
| Inventory | $818M |
| Other Current Assets | $63M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $597M |
| Goodwill | $1.8B |
| Intangible Assets | $1.9B |
| Long-Term Investments | $0 |
| Tax Assets | $1M |
| Other Non-Current Assets | $34M |
| TOTAL NON-CURRENT ASSETS | $4.4B |
| TOTAL ASSETS | $5.9B |
| Account Payables | $150M |
| Short-Term Debt | $35M |
| Deferred Revenue | $6M |
| Other Current Liabilities | $103M |
| TOTAL CURRENT LIABILITIES | $478M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $16M |
| Deferred Tax Liabilities | $166M |
| Other Non-Current Liabilities | $408M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | $635M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $95M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $5.9B |
| Total Debt | $1.6B |
| Net Debt | $1.4B |
