| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.7B | $2.2B | $503M | 67.9% | 632.8% |
| Op. Income | $1.3B | -$268M | -$294M | 573.5% | 531.6% |
| Gross Margin | 38.3% | 35.3% | -37.6% | 3.0pp | 75.9pp |
| Net Margin | 26.3% | -11.3% | -45.1% | 37.6pp | 71.4pp |
| EPS (Diluted) | $4.02 | $-1.06 | $-1.73 | 479.2% | 332.4% |
| Free Cash Flow | $665M | $533M | -$93M | 24.8% | 815.1% |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $40M |
| SG&A Expenses | $40M |
| Other Expenses | $103M |
| Operating Expenses | $143M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $60M |
| Other Income/Expenses | -$41M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $260M |
| NET INCOME | $968M |
| D&A | $769M |
| EBIT | $1.3B |
| EBITDA | $2.1B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $40M |
| SG&A Expenses | $40M |
| Other Expenses | $103M |
| Operating Expenses | $143M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $60M |
| Other Income/Expenses | -$41M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $260M |
| NET INCOME | $968M |
| D&A | $769M |
| EBIT | $1.3B |
| EBITDA | $2.1B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $968M |
| Depreciation & Amortization | $769M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $171M |
| Other Non-Cash Items | -$920M |
| Change in Working Capital | $321M |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$657M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $71M |
| NET CASH FROM INVESTING | -$591M |
| Net Debt Issuance | -$117M |
| Common Stock Repurchased | -$99M |
| Common Dividends Paid | -$137M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$352M |
| FREE CASH FLOW | $665M |
| Net Change in Cash | $379M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $806M |
| Short-Term Investments | $46M |
| Net Receivables | $1.1B |
| Inventory | $0 |
| Other Current Assets | $346M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $24.2B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $327M |
| Tax Assets | $457M |
| Other Non-Current Assets | $540M |
| TOTAL NON-CURRENT ASSETS | $25.5B |
| TOTAL ASSETS | $27.8B |
| Account Payables | $747M |
| Short-Term Debt | $67M |
| Deferred Revenue | $1.1B |
| Other Current Liabilities | $788M |
| TOTAL CURRENT LIABILITIES | $2.9B |
| Long-Term Debt | $5.1B |
| Deferred Revenue NC | $1.1B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $702M |
| TOTAL NON-CURRENT LIABILITIES | $6.9B |
| TOTAL LIABILITIES | $9.8B |
| Common Stock | $2M |
| Additional Paid-In Capital | $13.7B |
| Retained Earnings | $4.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $17.9B |
| TOTAL LIABILITIES & EQUITY | $27.8B |
| Total Debt | $5.2B |
| Net Debt | $4.4B |
