| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $541M | $611M | $307M | -11.4% | 76.1% |
| Op. Income | $347M | $432M | $300M | -19.8% | 15.8% |
| Gross Margin | 73.7% | 77.4% | 58.8% | -3.7pp | 14.9pp |
| Net Margin | 80.0% | -32.4% | -5.9% | 112.4pp | 85.9pp |
| EPS (Diluted) | $2.53 | $-1.34 | $-0.12 | 288.8% | 2208.3% |
| Free Cash Flow | $169M | $84M | $40M | 100.6% | 323.9% |
| Item | Amount |
|---|---|
| REVENUE | $541M |
| Cost of Revenue | $142M |
| GROSS PROFIT | $398M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $30M |
| Other Expenses | $22M |
| Operating Expenses | $52M |
| Cost & Expenses | $194M |
| OPERATING INCOME | $347M |
| Interest Income | $0 |
| Interest Expense | $47M |
| Other Income/Expenses | $239M |
| INCOME BEFORE TAX | $586M |
| Income Tax Expense | $153M |
| Net Income from Continuing Ops | $433M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $433M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $433M |
| D&A | $153M |
| EBIT | $615M |
| EBITDA | $768M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $541M |
| Cost of Revenue | $142M |
| GROSS PROFIT | $398M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $30M |
| Other Expenses | $22M |
| Operating Expenses | $52M |
| Cost & Expenses | $194M |
| OPERATING INCOME | $347M |
| Interest Income | $0 |
| Interest Expense | $47M |
| Other Income/Expenses | $239M |
| INCOME BEFORE TAX | $586M |
| Income Tax Expense | $153M |
| Net Income from Continuing Ops | $433M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $433M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $433M |
| D&A | $153M |
| EBIT | $615M |
| EBITDA | $768M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $433M |
| Depreciation & Amortization | $153M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $157M |
| Other Non-Cash Items | -$521M |
| Change in Working Capital | $56M |
| OPERATING CASH FLOW | $282M |
| Capital Expenditure | -$114M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $21M |
| NET CASH FROM INVESTING | -$95M |
| Net Debt Issuance | -$68M |
| Common Stock Repurchased | -$116M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$714.0K |
| NET CASH FROM FINANCING | -$185M |
| FREE CASH FLOW | $169M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $217M |
| Inventory | $39M |
| Other Current Assets | $117M |
| TOTAL CURRENT ASSETS | $394M |
| PP&E (Net) | $8.0B |
| Goodwill | $323M |
| Intangible Assets | $61M |
| Long-Term Investments | $170M |
| Tax Assets | $0 |
| Other Non-Current Assets | $90M |
| TOTAL NON-CURRENT ASSETS | $8.6B |
| TOTAL ASSETS | $9.0B |
| Account Payables | $120M |
| Short-Term Debt | $329M |
| Deferred Revenue | $10M |
| Other Current Liabilities | $416M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $2.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $761M |
| Other Non-Current Liabilities | $583M |
| TOTAL NON-CURRENT LIABILITIES | $3.7B |
| TOTAL LIABILITIES | $4.9B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $9.0B |
| Total Debt | $2.7B |
| Net Debt | $2.7B |
