| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $304M | $261M | $246M | 16.3% | 23.8% |
| Op. Income | $94M | $52M | $41M | 79.1% | 130.9% |
| Gross Margin | 39.3% | 28.3% | 20.9% | 11.0pp | 18.4pp |
| Net Margin | 19.0% | 11.0% | 11.3% | 7.9pp | 7.6pp |
| EPS (Diluted) | $0.09 | $0.05 | $0.04 | 80.0% | 101.8% |
| Free Cash Flow | $162M | -$18M | $28M | 981.4% | 471.8% |
| Item | Amount |
|---|---|
| REVENUE | $304M |
| Cost of Revenue | $185M |
| GROSS PROFIT | $120M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | $13M |
| Operating Expenses | $26M |
| Cost & Expenses | $210M |
| OPERATING INCOME | $94M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $90M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $58M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $58M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $58M |
| D&A | $38M |
| EBIT | $101M |
| EBITDA | $139M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $304M |
| Cost of Revenue | $185M |
| GROSS PROFIT | $120M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | $13M |
| Operating Expenses | $26M |
| Cost & Expenses | $210M |
| OPERATING INCOME | $94M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $90M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $58M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $58M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $58M |
| D&A | $38M |
| EBIT | $101M |
| EBITDA | $139M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $58M |
| Depreciation & Amortization | $38M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $26M |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $42M |
| OPERATING CASH FLOW | $162M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | -$58M |
| NET CASH FROM INVESTING | -$54M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | -$885.0K |
| Common Dividends Paid | -$2M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $165M |
| FREE CASH FLOW | $162M |
| Net Change in Cash | $273M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $297M |
| Short-Term Investments | $0 |
| Net Receivables | $63M |
| Inventory | $131M |
| Other Current Assets | $24M |
| TOTAL CURRENT ASSETS | $515M |
| PP&E (Net) | $2.7B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $44M |
| Tax Assets | $0 |
| Other Non-Current Assets | $27M |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $3.3B |
| Account Payables | $88M |
| Short-Term Debt | $35M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $193M |
| Long-Term Debt | $522M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $155M |
| Other Non-Current Liabilities | $130M |
| TOTAL NON-CURRENT LIABILITIES | $806M |
| TOTAL LIABILITIES | $999M |
| Common Stock | $168M |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | -$412M |
| Treasury Stock | -$36M |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $3.3B |
| Total Debt | $565M |
| Net Debt | $268M |
