| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $981M | $887M | $995M | 10.6% | -1.5% |
| Op. Income | $224M | $171M | $212M | 31.0% | 5.5% |
| Gross Margin | 74.6% | 70.5% | 70.6% | 4.1pp | 4.1pp |
| Net Margin | -87.3% | 11.1% | 13.9% | -98.4pp | -101.2pp |
| EPS (Diluted) | $-6.10 | $0.70 | $0.99 | -971.4% | -716.2% |
| Free Cash Flow | $55M | $124M | $135M | -55.6% | -59.2% |
| Item | Amount |
|---|---|
| REVENUE | $981M |
| Cost of Revenue | $249M |
| GROSS PROFIT | $732M |
| R&D Expenses | $78M |
| Selling & Marketing | $64M |
| General & Administrative | $0 |
| SG&A Expenses | $64M |
| Other Expenses | $367M |
| Operating Expenses | $508M |
| Cost & Expenses | $757M |
| OPERATING INCOME | $224M |
| Interest Income | $5M |
| Interest Expense | $41M |
| Other Income/Expenses | -$1.0B |
| INCOME BEFORE TAX | -$815M |
| Income Tax Expense | $40M |
| Net Income from Continuing Ops | -$855M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$856M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$856M |
| D&A | $38M |
| EBIT | -$774M |
| EBITDA | -$736M |
| EPS | -$6 |
| EPS Diluted | -$6 |
| Item | Amount |
|---|---|
| Net Income | -$856M |
| Depreciation & Amortization | $38M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$13M |
| Other Non-Cash Items | $1.0B |
| Change in Working Capital | -$124M |
| OPERATING CASH FLOW | $71M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $12M |
| NET CASH FROM INVESTING | -$37M |
| Net Debt Issuance | -$11M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$98M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$112M |
| FREE CASH FLOW | $55M |
| Net Change in Cash | -$74M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $547M |
| Short-Term Investments | $0 |
| Net Receivables | $718M |
| Inventory | $417M |
| Other Current Assets | $360M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $252M |
| Goodwill | $1.3B |
| Intangible Assets | $489M |
| Long-Term Investments | $10M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $3.1B |
| TOTAL ASSETS | $5.2B |
| Account Payables | $340M |
| Short-Term Debt | $0 |
| Deferred Revenue | $203M |
| Other Current Liabilities | $51M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $3.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $356M |
| TOTAL NON-CURRENT LIABILITIES | $3.7B |
| TOTAL LIABILITIES | $4.9B |
| Common Stock | $110M |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | $1.3B |
| Treasury Stock | -$3.6B |
| Accum. Other Comp. Income | -$227M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $241M |
| Minority Interest | $29M |
| TOTAL EQUITY | $270M |
| TOTAL LIABILITIES & EQUITY | $5.2B |
| Total Debt | $3.3B |
| Net Debt | $2.8B |
