| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $972M | $732M | $798M | 32.7% | 21.8% |
| Op. Income | $66M | -$11M | -$22M | 714.8% | 401.8% |
| Gross Margin | 29.1% | 34.5% | 31.2% | -5.4pp | -2.0pp |
| Net Margin | 17.3% | 6.1% | 1.9% | 11.2pp | 15.5pp |
| EPS (Diluted) | $0.31 | $0.09 | $0.04 | 244.4% | 711.5% |
| Free Cash Flow | $113M | $190M | $66M | -40.2% | 73.0% |
| Item | Amount |
|---|---|
| REVENUE | $972M |
| Cost of Revenue | $689M |
| GROSS PROFIT | $283M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $219M |
| Other Expenses | -$2M |
| Operating Expenses | $217M |
| Cost & Expenses | $906M |
| OPERATING INCOME | $66M |
| Interest Income | $80M |
| Interest Expense | $0 |
| Other Income/Expenses | $108M |
| INCOME BEFORE TAX | $175M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $169M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $169M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $169M |
| D&A | $5M |
| EBIT | $64M |
| EBITDA | $69M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $972M |
| Cost of Revenue | $689M |
| GROSS PROFIT | $283M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $219M |
| Other Expenses | -$2M |
| Operating Expenses | $217M |
| Cost & Expenses | $906M |
| OPERATING INCOME | $66M |
| Interest Income | $80M |
| Interest Expense | $0 |
| Other Income/Expenses | $108M |
| INCOME BEFORE TAX | $175M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $169M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $169M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $169M |
| D&A | $5M |
| EBIT | $64M |
| EBITDA | $69M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $169M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $41M |
| Change in Working Capital | -$103M |
| OPERATING CASH FLOW | $117M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$53M |
| Sales/Maturities of Investments | $41M |
| Other Investing Activities | -$457M |
| NET CASH FROM INVESTING | -$474M |
| Net Debt Issuance | $2.7B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$19M |
| NET CASH FROM FINANCING | $2.7B |
| FREE CASH FLOW | $113M |
| Net Change in Cash | $2.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.7B |
| Short-Term Investments | $0 |
| Net Receivables | $46M |
| Inventory | $485M |
| Other Current Assets | $214M |
| TOTAL CURRENT ASSETS | $9.4B |
| PP&E (Net) | $302M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $565M |
| Tax Assets | $19M |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $903M |
| TOTAL ASSETS | $10.3B |
| Account Payables | $293M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $152M |
| TOTAL CURRENT LIABILITIES | $830M |
| Long-Term Debt | $4.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $4.3B |
| TOTAL LIABILITIES | $5.2B |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $5.1B |
| Retained Earnings | $132M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$73M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.2B |
| TOTAL LIABILITIES & EQUITY | $10.3B |
| Total Debt | $4.4B |
| Net Debt | -$4.3B |
