| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $825M | $1.1B | 58.9% | 20.1% |
| Op. Income | $305M | $133M | $225M | 129.7% | 35.8% |
| Gross Margin | 55.9% | 56.9% | 53.4% | -1.0pp | 2.5pp |
| Net Margin | 18.5% | 14.0% | 16.4% | 4.5pp | 2.1pp |
| EPS (Diluted) | $1.59 | $0.75 | $1.14 | 112.0% | 39.5% |
| Free Cash Flow | -$113M | $90M | -$30M | -225.8% | -272.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $578M |
| GROSS PROFIT | $733M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $428M |
| Other Expenses | $0 |
| Operating Expenses | $428M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $305M |
| Interest Income | $15M |
| Interest Expense | $1M |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | $319M |
| Income Tax Expense | $77M |
| Net Income from Continuing Ops | $242M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $242M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $242M |
| D&A | $17M |
| EBIT | $320M |
| EBITDA | $337M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $578M |
| GROSS PROFIT | $733M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $428M |
| Other Expenses | $0 |
| Operating Expenses | $428M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $305M |
| Interest Income | $15M |
| Interest Expense | $1M |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | $319M |
| Income Tax Expense | $77M |
| Net Income from Continuing Ops | $242M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $242M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $242M |
| D&A | $17M |
| EBIT | $320M |
| EBITDA | $337M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $242M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$378M |
| OPERATING CASH FLOW | -$91M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $11M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$104M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$13M |
| NET CASH FROM FINANCING | -$115M |
| FREE CASH FLOW | -$113M |
| Net Change in Cash | -$213M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $592M |
| Inventory | $778M |
| Other Current Assets | $60M |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $537M |
| Goodwill | $14M |
| Intangible Assets | $16M |
| Long-Term Investments | $0 |
| Tax Assets | $73M |
| Other Non-Current Assets | $57M |
| TOTAL NON-CURRENT ASSETS | $697M |
| TOTAL ASSETS | $3.4B |
| Account Payables | $537M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $876M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $89M |
| TOTAL NON-CURRENT LIABILITIES | $299M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $2M |
| Additional Paid-In Capital | $252M |
| Retained Earnings | $2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$44M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $3.4B |
| Total Debt | $259M |
| Net Debt | -$967M |
