| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $384M | $368M | $411M | 4.4% | -6.7% |
| Op. Income | -$99M | -$7M | -$92M | -1339.5% | -7.5% |
| Gross Margin | 19.4% | 18.5% | 22.7% | 0.9pp | -3.3pp |
| Net Margin | -30.2% | -5.6% | -25.3% | -24.6pp | -4.9pp |
| EPS (Diluted) | $-1.28 | $-0.23 | $-1.15 | -456.5% | -11.3% |
| Free Cash Flow | $30M | -$14M | $25M | 318.7% | 22.3% |
| Item | Amount |
|---|---|
| REVENUE | $384M |
| Cost of Revenue | $310M |
| GROSS PROFIT | $74M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $61M |
| Other Expenses | $112M |
| Operating Expenses | $173M |
| Cost & Expenses | $483M |
| OPERATING INCOME | -$99M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | -$114M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$116M |
| D&A | $11M |
| EBIT | -$98M |
| EBITDA | -$87M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$116M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$23.0K |
| Other Non-Cash Items | $132M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $37M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$12M |
| Common Stock Repurchased | $70.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$343.0K |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | $30M |
| Net Change in Cash | $20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $68M |
| Short-Term Investments | $0 |
| Net Receivables | $174M |
| Inventory | $216M |
| Other Current Assets | $107M |
| TOTAL CURRENT ASSETS | $564M |
| PP&E (Net) | $318M |
| Goodwill | $378M |
| Intangible Assets | $194M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $23M |
| TOTAL NON-CURRENT ASSETS | $913M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $198M |
| Short-Term Debt | $704M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $41M |
| Other Non-Current Liabilities | $28M |
| TOTAL NON-CURRENT LIABILITIES | $131M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$90M |
| Treasury Stock | -$730M |
| Accum. Other Comp. Income | -$92M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $330M |
| Minority Interest | $0 |
| TOTAL EQUITY | $330M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $766M |
| Net Debt | $698M |
