| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $282M | $273M | $266M | 3.4% | 6.0% |
| Op. Income | $112M | $115M | $117M | -2.6% | -4.7% |
| Gross Margin | 44.9% | 69.6% | 68.8% | -24.7pp | -23.9pp |
| Net Margin | 29.4% | 32.7% | 35.3% | -3.3pp | -5.9pp |
| EPS (Diluted) | $0.36 | $0.39 | $0.41 | -7.7% | -12.2% |
| Free Cash Flow | $157M | $146M | $171M | 7.6% | -7.8% |
| Item | Amount |
|---|---|
| REVENUE | $282M |
| Cost of Revenue | $156M |
| GROSS PROFIT | $127M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $170M |
| OPERATING INCOME | $112M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $82M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $82M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $68M |
| EBIT | $112M |
| EBITDA | $179M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $282M |
| Cost of Revenue | $156M |
| GROSS PROFIT | $127M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $170M |
| OPERATING INCOME | $112M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $82M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $82M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $68M |
| EBIT | $112M |
| EBITDA | $179M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $83M |
| Depreciation & Amortization | $68M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$91.0K |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $157M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $451M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$475M |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | -$16M |
| Common Stock Repurchased | -$122.0K |
| Common Dividends Paid | -$119M |
| Other Financing Activities | $727.0K |
| NET CASH FROM FINANCING | -$135M |
| FREE CASH FLOW | $157M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $40M |
| Inventory | $0 |
| Other Current Assets | $71M |
| TOTAL CURRENT ASSETS | $136M |
| PP&E (Net) | $49M |
| Goodwill | $0 |
| Intangible Assets | $26M |
| Long-Term Investments | $75M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.4B |
| TOTAL NON-CURRENT ASSETS | $6.6B |
| TOTAL ASSETS | $6.7B |
| Account Payables | $237M |
| Short-Term Debt | $366M |
| Deferred Revenue | $43M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $767M |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $3.8B |
| Common Stock | $2M |
| Additional Paid-In Capital | $4.3B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$290.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $76M |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $3.4B |
| Net Debt | $3.4B |
