| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.1B | $2.1B | $1.8B | 2.1% | 14.5% |
| Op. Income | $181M | $180M | $133M | 0.8% | 36.0% |
| Gross Margin | 8.6% | 8.7% | 7.3% | -0.1pp | 1.4pp |
| Net Margin | 5.2% | 5.8% | 4.6% | -0.6pp | 0.7pp |
| EPS (Diluted) | $4.88 | $5.33 | $3.74 | -8.4% | 30.5% |
| Free Cash Flow | $116M | $23M | $56M | 400.8% | 106.1% |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $181M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $181M |
| Interest Income | $0 |
| Interest Expense | $44M |
| Other Income/Expenses | -$44M |
| INCOME BEFORE TAX | $137M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $110M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $110M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $110M |
| D&A | $50M |
| EBIT | $181M |
| EBITDA | $231M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $181M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $181M |
| Interest Income | $0 |
| Interest Expense | $44M |
| Other Income/Expenses | -$44M |
| INCOME BEFORE TAX | $137M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $110M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $110M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $110M |
| D&A | $50M |
| EBIT | $181M |
| EBITDA | $231M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $110M |
| Depreciation & Amortization | $50M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $742.0K |
| Change in Working Capital | -$44M |
| OPERATING CASH FLOW | $126M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | -$1.6B |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$1.6B |
| Net Debt Issuance | $1.2B |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$42M |
| NET CASH FROM FINANCING | $1.2B |
| FREE CASH FLOW | $116M |
| Net Change in Cash | -$265M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $176M |
| Short-Term Investments | $0 |
| Net Receivables | $1.2B |
| Inventory | $0 |
| Other Current Assets | $257M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $546M |
| Goodwill | $4.9B |
| Intangible Assets | $1.2B |
| Long-Term Investments | $50M |
| Tax Assets | $0 |
| Other Non-Current Assets | $238M |
| TOTAL NON-CURRENT ASSETS | $6.9B |
| TOTAL ASSETS | $8.5B |
| Account Payables | $243M |
| Short-Term Debt | $69M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $759M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $156M |
| Other Non-Current Liabilities | $3.2B |
| TOTAL NON-CURRENT LIABILITIES | $3.7B |
| TOTAL LIABILITIES | $4.8B |
| Common Stock | $4M |
| Additional Paid-In Capital | $626M |
| Retained Earnings | $4.6B |
| Treasury Stock | -$1.5B |
| Accum. Other Comp. Income | -$27M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $8.5B |
| Total Debt | $449M |
| Net Debt | $273M |
