| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $829M | $799M | $753M | 3.8% | 10.1% |
| Op. Income | $70M | $59M | $55M | 18.6% | 27.3% |
| Gross Margin | 23.8% | 22.7% | 22.4% | 1.1pp | 1.3pp |
| Net Margin | 6.5% | 6.3% | 5.0% | 0.3pp | 1.5pp |
| EPS (Diluted) | $0.20 | $0.19 | $0.14 | 5.3% | 42.9% |
| Free Cash Flow | -$56M | -$170M | $0 | 67.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $829M |
| Cost of Revenue | $632M |
| GROSS PROFIT | $197M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $121M |
| SG&A Expenses | $121M |
| Other Expenses | $6M |
| Operating Expenses | $127M |
| Cost & Expenses | $759M |
| OPERATING INCOME | $70M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $67M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $54M |
| D&A | $23M |
| EBIT | $69M |
| EBITDA | $92M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $829M |
| Cost of Revenue | $632M |
| GROSS PROFIT | $197M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $121M |
| SG&A Expenses | $121M |
| Other Expenses | $6M |
| Operating Expenses | $127M |
| Cost & Expenses | $759M |
| OPERATING INCOME | $70M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $67M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $54M |
| D&A | $23M |
| EBIT | $69M |
| EBITDA | $92M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $54M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$111M |
| OPERATING CASH FLOW | -$28M |
| Capital Expenditure | -$28M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$28M |
| Net Debt Issuance | -$8M |
| Common Stock Repurchased | -$11M |
| Common Dividends Paid | -$24M |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$46M |
| FREE CASH FLOW | -$56M |
| Net Change in Cash | -$102M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $278M |
| Short-Term Investments | $0 |
| Net Receivables | $1.3B |
| Inventory | $400M |
| Other Current Assets | $40M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $463M |
| Goodwill | $1.2B |
| Intangible Assets | $120M |
| Long-Term Investments | $0 |
| Tax Assets | $118M |
| Other Non-Current Assets | $115M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $4.1B |
| Account Payables | $265M |
| Short-Term Debt | $22M |
| Deferred Revenue | $436M |
| Other Current Liabilities | $140M |
| TOTAL CURRENT LIABILITIES | $958M |
| Long-Term Debt | $331M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $92M |
| TOTAL NON-CURRENT LIABILITIES | $521M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $3M |
| Additional Paid-In Capital | $5.1B |
| Retained Earnings | -$2.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$42M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $4.1B |
| Total Debt | $472M |
| Net Debt | $194M |
