| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | — | $988M | — | 35.7% |
| Op. Income | $280M | — | $59M | — | 374.6% |
| Gross Margin | 35.3% | — | 25.8% | — | 9.5pp |
| Net Margin | 28.5% | — | 2.4% | — | 26.1pp |
| EPS (Diluted) | $1.52 | — | $0.10 | — | 1420.0% |
| Free Cash Flow | $215M | — | $248M | — | -13.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $867M |
| GROSS PROFIT | $474M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $194M |
| Operating Expenses | $194M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $280M |
| Interest Income | $0 |
| Interest Expense | $49M |
| Other Income/Expenses | $175M |
| INCOME BEFORE TAX | $455M |
| Income Tax Expense | $73M |
| Net Income from Continuing Ops | $382M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $382M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $382M |
| D&A | $80M |
| EBIT | $283M |
| EBITDA | $363M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $867M |
| GROSS PROFIT | $474M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $194M |
| Operating Expenses | $194M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $280M |
| Interest Income | $0 |
| Interest Expense | $49M |
| Other Income/Expenses | $175M |
| INCOME BEFORE TAX | $455M |
| Income Tax Expense | $73M |
| Net Income from Continuing Ops | $382M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $382M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $382M |
| D&A | $80M |
| EBIT | $283M |
| EBITDA | $363M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $382M |
| Depreciation & Amortization | $80M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $37M |
| Other Non-Cash Items | -$190M |
| Change in Working Capital | -$78M |
| OPERATING CASH FLOW | $237M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $15M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $68M |
| NET CASH FROM INVESTING | $61M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $26M |
| NET CASH FROM FINANCING | $21M |
| FREE CASH FLOW | $215M |
| Net Change in Cash | $324M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.1B |
| Short-Term Investments | $0 |
| Net Receivables | $143M |
| Inventory | $0 |
| Other Current Assets | $510M |
| TOTAL CURRENT ASSETS | $3.8B |
| PP&E (Net) | $828M |
| Goodwill | $4.1B |
| Intangible Assets | $2.6B |
| Long-Term Investments | $33M |
| Tax Assets | $569M |
| Other Non-Current Assets | $557M |
| TOTAL NON-CURRENT ASSETS | $8.7B |
| TOTAL ASSETS | $12.5B |
| Account Payables | $469M |
| Short-Term Debt | $34M |
| Deferred Revenue | $780M |
| Other Current Liabilities | $50M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $304M |
| TOTAL NON-CURRENT LIABILITIES | $3.3B |
| TOTAL LIABILITIES | $4.6B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $7.9B |
| TOTAL STOCKHOLDERS' EQUITY | $7.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.9B |
| TOTAL LIABILITIES & EQUITY | $12.5B |
| Total Debt | $3.0B |
| Net Debt | -$110M |
