| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $937M | $1.1B | 22.6% | 3.4% |
| Op. Income | -$428M | $223M | $326M | -291.7% | -231.2% |
| Gross Margin | 61.7% | 57.8% | 61.4% | 3.9pp | 0.3pp |
| Net Margin | -42.8% | 17.1% | 20.6% | -59.9pp | -63.4pp |
| EPS (Diluted) | $-8.82 | $2.83 | $3.77 | -411.7% | -334.0% |
| Free Cash Flow | $269M | -$83M | $384M | 425.9% | -29.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $441M |
| GROSS PROFIT | $709M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.1B |
| Other Expenses | $0 |
| Operating Expenses | $1.1B |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | -$428M |
| Interest Income | $371.0K |
| Interest Expense | $23M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | -$449M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | -$492M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$492M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$492M |
| D&A | $19M |
| EBIT | -$426M |
| EBITDA | -$407M |
| EPS | -$9 |
| EPS Diluted | -$9 |
| Item | Amount |
|---|---|
| Net Income | -$492M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $367.0K |
| Other Non-Cash Items | $772M |
| Change in Working Capital | -$25M |
| OPERATING CASH FLOW | $286M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | -$105M |
| Common Stock Repurchased | -$133M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$794.0K |
| NET CASH FROM FINANCING | -$239M |
| FREE CASH FLOW | $269M |
| Net Change in Cash | $34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $201M |
| Short-Term Investments | $0 |
| Net Receivables | $446M |
| Inventory | $405M |
| Other Current Assets | $50M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $598M |
| Goodwill | $405M |
| Intangible Assets | $1.3B |
| Long-Term Investments | $4M |
| Tax Assets | $972M |
| Other Non-Current Assets | $35M |
| TOTAL NON-CURRENT ASSETS | $3.3B |
| TOTAL ASSETS | $4.5B |
| Account Payables | $263M |
| Short-Term Debt | $83M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $219M |
| TOTAL CURRENT LIABILITIES | $715M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $623M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $111.0K |
| Additional Paid-In Capital | $880M |
| Retained Earnings | $3.2B |
| Treasury Stock | -$2.7B |
| Accum. Other Comp. Income | -$35M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $4.5B |
| Total Debt | $1.8B |
| Net Debt | $1.6B |
