| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.1B | $3.8B | $1.8B | -44.4% | 13.1% |
| Op. Income | $42M | $75M | $42M | -44.0% | 0.2% |
| Gross Margin | 10.0% | 5.9% | 9.3% | 4.1pp | 0.7pp |
| Net Margin | 1.4% | 1.6% | 1.7% | -0.2pp | -0.2pp |
| EPS (Diluted) | $0.31 | $0.73 | $0.37 | -57.5% | -16.2% |
| Free Cash Flow | $60M | $89M | $72M | -32.9% | -16.5% |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $210M |
| R&D Expenses | $39M |
| Selling & Marketing | $53M |
| General & Administrative | $76M |
| SG&A Expenses | $129M |
| Other Expenses | $0 |
| Operating Expenses | $168M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $42M |
| Interest Income | $7M |
| Interest Expense | $14M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $3M |
| EBIT | $49M |
| EBITDA | $52M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $210M |
| R&D Expenses | $39M |
| Selling & Marketing | $53M |
| General & Administrative | $76M |
| SG&A Expenses | $129M |
| Other Expenses | $0 |
| Operating Expenses | $168M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $42M |
| Interest Income | $7M |
| Interest Expense | $14M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $3M |
| EBIT | $49M |
| EBITDA | $52M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $30M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | -$13M |
| Change in Working Capital | $32M |
| OPERATING CASH FLOW | $61M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$125M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$336.0K |
| NET CASH FROM INVESTING | -$126M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $381M |
| FREE CASH FLOW | $60M |
| Net Change in Cash | $328M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $988M |
| Short-Term Investments | $200M |
| Net Receivables | $73M |
| Inventory | $0 |
| Other Current Assets | $374M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $47M |
| Goodwill | $0 |
| Intangible Assets | $45M |
| Long-Term Investments | $0 |
| Tax Assets | $12M |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $116M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $4M |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$6M |
| TOTAL CURRENT LIABILITIES | $367M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $64M |
| TOTAL LIABILITIES | $431M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $43M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $51M |
| Net Debt | -$937M |
