| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $246M | $250M | $265M | -1.4% | -6.9% |
| Op. Income | $53M | $48M | $68M | 12.3% | -21.9% |
| Gross Margin | 25.3% | 21.5% | 27.6% | 3.8pp | -2.2pp |
| Net Margin | 18.1% | 15.6% | 15.5% | 2.5pp | 2.6pp |
| EPS (Diluted) | $0.83 | $0.73 | $0.87 | 13.7% | -4.6% |
| Free Cash Flow | -$10M | -$28M | $72M | 66.6% | -113.2% |
| Item | Amount |
|---|---|
| REVENUE | $246M |
| Cost of Revenue | $184M |
| GROSS PROFIT | $62M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | -$13.0K |
| Operating Expenses | $9M |
| Cost & Expenses | $193M |
| OPERATING INCOME | $53M |
| Interest Income | $24M |
| Interest Expense | $42M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $45M |
| Income Tax Expense | $245.0K |
| Net Income from Continuing Ops | $45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $45M |
| D&A | $28M |
| EBIT | $87M |
| EBITDA | $114M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $246M |
| Cost of Revenue | $184M |
| GROSS PROFIT | $62M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | -$13.0K |
| Operating Expenses | $9M |
| Cost & Expenses | $193M |
| OPERATING INCOME | $53M |
| Interest Income | $24M |
| Interest Expense | $42M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $45M |
| Income Tax Expense | $245.0K |
| Net Income from Continuing Ops | $45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $45M |
| D&A | $28M |
| EBIT | $87M |
| EBITDA | $114M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $45M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $38M |
| OPERATING CASH FLOW | $107M |
| Capital Expenditure | -$117M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$113M |
| Net Debt Issuance | $76M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$59M |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$671.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $390M |
| Inventory | $17M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $410M |
| PP&E (Net) | $1.4B |
| Goodwill | $12M |
| Intangible Assets | $378M |
| Long-Term Investments | $320M |
| Tax Assets | $0 |
| Other Non-Current Assets | $214M |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $2.8B |
| Account Payables | $382M |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $56M |
| TOTAL CURRENT LIABILITIES | $443M |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $62M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $32M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $32M |
| Minority Interest | $0 |
| TOTAL EQUITY | $32M |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $2.2B |
| Net Debt | $2.2B |
