| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $951M | $955M | 8.9% | 8.4% |
| Op. Income | $40M | $23M | $34M | 76.9% | 18.7% |
| Gross Margin | 24.6% | 23.8% | 24.0% | 0.8pp | 0.6pp |
| Net Margin | 2.1% | 1.1% | 1.6% | 1.0pp | 0.4pp |
| EPS (Diluted) | $0.49 | $0.25 | $0.37 | 96.0% | 32.4% |
| Free Cash Flow | $5M | $37M | $13M | -87.9% | -65.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $781M |
| GROSS PROFIT | $254M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $214M |
| Other Expenses | $373.0K |
| Operating Expenses | $214M |
| Cost & Expenses | $995M |
| OPERATING INCOME | $40M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $19M |
| EBIT | $40M |
| EBITDA | $59M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $781M |
| GROSS PROFIT | $254M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $214M |
| Other Expenses | $373.0K |
| Operating Expenses | $214M |
| Cost & Expenses | $995M |
| OPERATING INCOME | $40M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $19M |
| EBIT | $40M |
| EBITDA | $59M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $21M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $906.0K |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$38M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | -$14M |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$227.0K |
| NET CASH FROM FINANCING | -$24M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | -$20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $97M |
| Short-Term Investments | $0 |
| Net Receivables | $377M |
| Inventory | $368M |
| Other Current Assets | $41M |
| TOTAL CURRENT ASSETS | $883M |
| PP&E (Net) | $512M |
| Goodwill | $357M |
| Intangible Assets | $148M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $1.9B |
| Account Payables | $279M |
| Short-Term Debt | $19M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $73M |
| TOTAL CURRENT LIABILITIES | $440M |
| Long-Term Debt | $690M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $17M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $910M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $407.0K |
| Additional Paid-In Capital | $395M |
| Retained Earnings | $165M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $558M |
| Minority Interest | $0 |
| TOTAL EQUITY | $558M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $930M |
| Net Debt | $833M |
