| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $813M | $780M | $742M | 4.2% | 9.5% |
| Op. Income | $15M | $30M | $19M | -49.6% | -22.2% |
| Gross Margin | 26.6% | 28.9% | 27.9% | -2.3pp | -1.3pp |
| Net Margin | -5.3% | -8.3% | -5.1% | 3.0pp | -0.2pp |
| EPS (Diluted) | $-0.18 | $-0.28 | $-0.17 | 35.7% | -5.9% |
| Free Cash Flow | $29M | -$18M | $4M | 258.0% | 610.2% |
| Item | Amount |
|---|---|
| REVENUE | $813M |
| Cost of Revenue | $597M |
| GROSS PROFIT | $216M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $108M |
| SG&A Expenses | $108M |
| Other Expenses | $93M |
| Operating Expenses | $201M |
| Cost & Expenses | $798M |
| OPERATING INCOME | $15M |
| Interest Income | $3M |
| Interest Expense | $59M |
| Other Income/Expenses | -$58M |
| INCOME BEFORE TAX | -$43M |
| Income Tax Expense | -$271.0K |
| Net Income from Continuing Ops | -$43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$43M |
| D&A | $97M |
| EBIT | $16M |
| EBITDA | $113M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$43M |
| Depreciation & Amortization | $97M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$748.0K |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | $34M |
| OPERATING CASH FLOW | $84M |
| Capital Expenditure | -$54M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$511.0K |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$50M |
| Net Debt Issuance | -$25M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$812.0K |
| NET CASH FROM FINANCING | -$26M |
| FREE CASH FLOW | $29M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $252M |
| Short-Term Investments | $0 |
| Net Receivables | $56M |
| Inventory | $0 |
| Other Current Assets | $160M |
| TOTAL CURRENT ASSETS | $467M |
| PP&E (Net) | $5.6B |
| Goodwill | $27M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $67M |
| TOTAL NON-CURRENT ASSETS | $5.7B |
| TOTAL ASSETS | $6.1B |
| Account Payables | $83M |
| Short-Term Debt | $59M |
| Deferred Revenue | $62M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $566M |
| Long-Term Debt | $4.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $62M |
| TOTAL NON-CURRENT LIABILITIES | $5.5B |
| TOTAL LIABILITIES | $6.0B |
| Common Stock | $2M |
| Additional Paid-In Capital | $4.4B |
| Retained Earnings | -$4.1B |
| Treasury Stock | -$103M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $105M |
| Minority Interest | $1M |
| TOTAL EQUITY | $107M |
| TOTAL LIABILITIES & EQUITY | $6.1B |
| Total Debt | $5.6B |
| Net Debt | $5.3B |
