| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $551M | — | $478M | — | 15.2% |
| Op. Income | $90M | — | $84M | — | 6.7% |
| Gross Margin | 29.3% | — | 25.3% | — | 4.0pp |
| Net Margin | 8.1% | — | 10.8% | — | -2.7pp |
| EPS (Diluted) | $0.34 | — | $0.41 | — | -17.1% |
| Free Cash Flow | $63M | — | $55M | — | 14.5% |
| Item | Amount |
|---|---|
| REVENUE | $551M |
| Cost of Revenue | $389M |
| GROSS PROFIT | $161M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $53M |
| SG&A Expenses | $53M |
| Other Expenses | $19M |
| Operating Expenses | $72M |
| Cost & Expenses | $461M |
| OPERATING INCOME | $90M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | $61M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $19M |
| EBIT | $90M |
| EBITDA | $109M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $551M |
| Cost of Revenue | $389M |
| GROSS PROFIT | $161M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $53M |
| SG&A Expenses | $53M |
| Other Expenses | $19M |
| Operating Expenses | $72M |
| Cost & Expenses | $461M |
| OPERATING INCOME | $90M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | $61M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $19M |
| EBIT | $90M |
| EBITDA | $109M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $45M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $30M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | $88M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | -$54M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$80M |
| Net Debt Issuance | $31M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$16M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | $63M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $74M |
| Short-Term Investments | $0 |
| Net Receivables | $272M |
| Inventory | $0 |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $395M |
| PP&E (Net) | $694M |
| Goodwill | $1.5B |
| Intangible Assets | $257M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $2.4B |
| TOTAL ASSETS | $2.8B |
| Account Payables | $39M |
| Short-Term Debt | $14M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $46M |
| TOTAL CURRENT LIABILITIES | $335M |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $24M |
| Other Non-Current Liabilities | $32M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $265M |
| Retained Earnings | $80M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $343M |
| Minority Interest | $25M |
| TOTAL EQUITY | $367M |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $2.2B |
| Net Debt | $2.1B |
