| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $245M | $240M | $264M | 2.0% | -7.1% |
| Op. Income | -$6M | -$4M | $2M | -44.0% | -350.6% |
| Gross Margin | 17.3% | 21.1% | 23.0% | -3.9pp | -5.7pp |
| Net Margin | -3.8% | -4.6% | 3.5% | 0.8pp | -7.3pp |
| EPS (Diluted) | $-0.18 | $-0.20 | $0.15 | 13.3% | -218.2% |
| Free Cash Flow | $25M | $12M | $43M | 98.4% | -42.5% |
| Item | Amount |
|---|---|
| REVENUE | $245M |
| Cost of Revenue | $203M |
| GROSS PROFIT | $42M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $48M |
| Other Expenses | $0 |
| Operating Expenses | $48M |
| Cost & Expenses | $251M |
| OPERATING INCOME | -$6M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | -$425.8K |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $14M |
| EBIT | -$4M |
| EBITDA | $10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $21M |
| OPERATING CASH FLOW | $35M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | -$67.5K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $13M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $25M |
| Net Change in Cash | $29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $92M |
| Short-Term Investments | $157.5K |
| Net Receivables | $266M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $358M |
| PP&E (Net) | $75M |
| Goodwill | $644M |
| Intangible Assets | $134M |
| Long-Term Investments | $8M |
| Tax Assets | $30M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $891M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $124M |
| Short-Term Debt | $19M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $150M |
| Long-Term Debt | $317M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $19M |
| Other Non-Current Liabilities | -$42M |
| TOTAL NON-CURRENT LIABILITIES | $338M |
| TOTAL LIABILITIES | $488M |
| Common Stock | $1M |
| Additional Paid-In Capital | $29M |
| Retained Earnings | $807M |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | -$73M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $761M |
| Minority Interest | $0 |
| TOTAL EQUITY | $761M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $380M |
| Net Debt | $288M |
