| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.0B | $3.4B | $4.3B | 19.1% | -6.4% |
| Op. Income | -$580M | -$121M | $574M | -379.3% | -201.0% |
| Gross Margin | 76.1% | 72.4% | 73.0% | 3.7pp | 3.1pp |
| Net Margin | -14.7% | -4.6% | 7.3% | -10.1pp | -22.1pp |
| EPS (Diluted) | $-1.64 | $-0.43 | $0.87 | -281.4% | -288.5% |
| Free Cash Flow | $925M | -$811M | $1.1B | 214.1% | -16.9% |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $957M |
| GROSS PROFIT | $3.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.6B |
| Other Expenses | $1.0B |
| Operating Expenses | $3.6B |
| Cost & Expenses | $4.6B |
| OPERATING INCOME | -$580M |
| Interest Income | $23M |
| Interest Expense | $90M |
| Other Income/Expenses | -$70M |
| INCOME BEFORE TAX | -$650M |
| Income Tax Expense | -$60M |
| Net Income from Continuing Ops | -$590M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$590M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$590M |
| D&A | $207M |
| EBIT | -$560M |
| EBITDA | -$353M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$590M |
| Depreciation & Amortization | $203M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$213M |
| Other Non-Cash Items | $985M |
| Change in Working Capital | $672M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$132M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$134M |
| Net Debt Issuance | -$501M |
| Common Stock Repurchased | -$25M |
| Common Dividends Paid | -$126M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$652M |
| FREE CASH FLOW | $925M |
| Net Change in Cash | $236M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.6B |
| Short-Term Investments | $0 |
| Net Receivables | $1.6B |
| Inventory | $2.0B |
| Other Current Assets | $697M |
| TOTAL CURRENT ASSETS | $6.9B |
| PP&E (Net) | $4.9B |
| Goodwill | $2.1B |
| Intangible Assets | $4.2B |
| Long-Term Investments | $71M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $12.9B |
| TOTAL ASSETS | $19.8B |
| Account Payables | $1.1B |
| Short-Term Debt | $4M |
| Deferred Revenue | $338M |
| Other Current Liabilities | $815M |
| TOTAL CURRENT LIABILITIES | $5.0B |
| Long-Term Debt | $7.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $10.6B |
| TOTAL LIABILITIES | $15.6B |
| Common Stock | $6M |
| Additional Paid-In Capital | $6.9B |
| Retained Earnings | $12.3B |
| Treasury Stock | -$13.7B |
| Accum. Other Comp. Income | -$1.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.2B |
| TOTAL LIABILITIES & EQUITY | $19.8B |
| Total Debt | $9.4B |
| Net Debt | $6.8B |
