| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $268M | $217M | $272M | 23.6% | -1.5% |
| Op. Income | $97M | $60M | $105M | 60.3% | -7.7% |
| Gross Margin | 86.3% | 83.4% | 88.3% | 2.9pp | -2.0pp |
| Net Margin | 13.1% | -7.8% | 11.7% | 20.9pp | 1.5pp |
| EPS (Diluted) | $0.13 | $-0.07 | $0.11 | 287.3% | 18.2% |
| Free Cash Flow | -$7M | $114M | $3M | -106.3% | -373.1% |
| Item | Amount |
|---|---|
| REVENUE | $268M |
| Cost of Revenue | $37M |
| GROSS PROFIT | $231M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $122M |
| Operating Expenses | $135M |
| Cost & Expenses | $171M |
| OPERATING INCOME | $97M |
| Interest Income | $500.0K |
| Interest Expense | $58M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $37M |
| EBIT | $95M |
| EBITDA | $131M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $268M |
| Cost of Revenue | $37M |
| GROSS PROFIT | $231M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $122M |
| Operating Expenses | $135M |
| Cost & Expenses | $171M |
| OPERATING INCOME | $97M |
| Interest Income | $500.0K |
| Interest Expense | $58M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $37M |
| EBIT | $95M |
| EBITDA | $131M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $35M |
| Depreciation & Amortization | $37M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$67M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | -$71M |
| Common Stock Repurchased | -$7.4K |
| Common Dividends Paid | -$174.6K |
| Other Financing Activities | $182.1K |
| NET CASH FROM FINANCING | -$71M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$78M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $92M |
| Short-Term Investments | $0 |
| Net Receivables | $323M |
| Inventory | $0 |
| Other Current Assets | $36M |
| TOTAL CURRENT ASSETS | $468M |
| PP&E (Net) | $2.8B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $13M |
| Tax Assets | $25M |
| Other Non-Current Assets | $51M |
| TOTAL NON-CURRENT ASSETS | $2.9B |
| TOTAL ASSETS | $3.4B |
| Account Payables | $64M |
| Short-Term Debt | $118M |
| Deferred Revenue | $62M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $367M |
| Long-Term Debt | $1.9B |
| Deferred Revenue NC | $37M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $25M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | -$1.3B |
| Treasury Stock | -$20M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $3.4B |
| Total Debt | $2.1B |
| Net Debt | $2.0B |
