| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $369M | $368M | $260M | 0.3% | 42.0% |
| Op. Income | $306M | $254M | $169M | 20.6% | 80.9% |
| Gross Margin | 73.6% | 71.0% | 68.5% | 2.6pp | 5.1pp |
| Net Margin | 66.9% | 56.9% | 30.6% | 9.9pp | 36.3pp |
| EPS (Diluted) | $1.28 | $1.09 | $0.41 | 17.4% | 212.2% |
| Free Cash Flow | -$931M | -$220M | $178M | -324.0% | -623.7% |
| Item | Amount |
|---|---|
| REVENUE | $369M |
| Cost of Revenue | $98M |
| GROSS PROFIT | $272M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | -$42M |
| Operating Expenses | -$34M |
| Cost & Expenses | $64M |
| OPERATING INCOME | $306M |
| Interest Income | $7M |
| Interest Expense | $813.2K |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | $316M |
| Income Tax Expense | $69M |
| Net Income from Continuing Ops | $247M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $247M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $247M |
| D&A | $64M |
| EBIT | $317M |
| EBITDA | $381M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $369M |
| Cost of Revenue | $98M |
| GROSS PROFIT | $272M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | -$42M |
| Operating Expenses | -$34M |
| Cost & Expenses | $64M |
| OPERATING INCOME | $306M |
| Interest Income | $7M |
| Interest Expense | $813.2K |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | $316M |
| Income Tax Expense | $69M |
| Net Income from Continuing Ops | $247M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $247M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $247M |
| D&A | $64M |
| EBIT | $317M |
| EBITDA | $381M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $247M |
| Depreciation & Amortization | $64M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $37M |
| Other Non-Cash Items | $79M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $430M |
| Capital Expenditure | -$1.4B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $16M |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | -$1.3B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$67M |
| Other Financing Activities | $32.6K |
| NET CASH FROM FINANCING | -$66M |
| FREE CASH FLOW | -$931M |
| Net Change in Cash | -$968M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $160M |
| Short-Term Investments | $0 |
| Net Receivables | $165M |
| Inventory | $7M |
| Other Current Assets | $26M |
| TOTAL CURRENT ASSETS | $357M |
| PP&E (Net) | $5.9B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $598M |
| Tax Assets | $26M |
| Other Non-Current Assets | $140M |
| TOTAL NON-CURRENT ASSETS | $6.7B |
| TOTAL ASSETS | $7.0B |
| Account Payables | $34M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $84M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $312M |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $335M |
| TOTAL LIABILITIES | $419M |
| Common Stock | $5.8B |
| Additional Paid-In Capital | $19M |
| Retained Earnings | $807M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.6B |
| TOTAL LIABILITIES & EQUITY | $7.0B |
| Total Debt | $10M |
| Net Debt | -$151M |
