| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $458M | $448M | $426M | 2.4% | 7.6% |
| Op. Income | -$42M | $22M | -$2M | -292.9% | -2432.4% |
| Gross Margin | 0.6% | 15.2% | 9.7% | -14.5pp | -9.1pp |
| Net Margin | -7.1% | 3.8% | -0.4% | -10.9pp | -6.6pp |
| EPS (Diluted) | $-0.44 | $0.23 | $-0.02 | -291.3% | -1718.2% |
| Free Cash Flow | $27M | $26M | $15M | 6.5% | 82.8% |
| Item | Amount |
|---|---|
| REVENUE | $458M |
| Cost of Revenue | $456M |
| GROSS PROFIT | $3M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $45M |
| Other Expenses | $0 |
| Operating Expenses | $45M |
| Cost & Expenses | $500M |
| OPERATING INCOME | -$42M |
| Interest Income | $0 |
| Interest Expense | $418.0K |
| Other Income/Expenses | -$332.0K |
| INCOME BEFORE TAX | -$42M |
| Income Tax Expense | -$10M |
| Net Income from Continuing Ops | -$32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$32M |
| D&A | $5M |
| EBIT | -$41M |
| EBITDA | -$36M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$32M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | $65M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $29M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $50.0K |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $134.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $27M |
| Net Change in Cash | $19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $112M |
| Short-Term Investments | $52M |
| Net Receivables | $324M |
| Inventory | $0 |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $532M |
| PP&E (Net) | $28M |
| Goodwill | $80M |
| Intangible Assets | $8M |
| Long-Term Investments | $45M |
| Tax Assets | $0 |
| Other Non-Current Assets | $108M |
| TOTAL NON-CURRENT ASSETS | $270M |
| TOTAL ASSETS | $802M |
| Account Payables | $78M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $214M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $104M |
| TOTAL NON-CURRENT LIABILITIES | $111M |
| TOTAL LIABILITIES | $325M |
| Common Stock | $768.0K |
| Additional Paid-In Capital | $323M |
| Retained Earnings | $209M |
| Treasury Stock | -$55M |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $477M |
| Minority Interest | $0 |
| TOTAL EQUITY | $477M |
| TOTAL LIABILITIES & EQUITY | $802M |
| Total Debt | $15M |
| Net Debt | -$97M |
