| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.0B | $1.0B | -1.6% | -1.2% |
| Op. Income | -$7M | $230M | $243M | -103.0% | -102.9% |
| Gross Margin | 37.5% | 56.8% | 55.3% | -19.3pp | -17.7pp |
| Net Margin | -1.7% | 19.7% | 16.7% | -21.4pp | -18.4pp |
| EPS (Diluted) | $-0.08 | $0.87 | $0.72 | -109.2% | -111.1% |
| Free Cash Flow | $129M | $142M | $264M | -9.2% | -51.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $628M |
| GROSS PROFIT | $377M |
| R&D Expenses | $62M |
| Selling & Marketing | $154M |
| General & Administrative | $120M |
| SG&A Expenses | $274M |
| Other Expenses | $49M |
| Operating Expenses | $384M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | -$7M |
| Interest Income | $15M |
| Interest Expense | $29M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | -$29M |
| Income Tax Expense | -$11M |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $76M |
| EBIT | $600.0K |
| EBITDA | $77M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $76M |
| Stock-Based Compensation | $28M |
| Deferred Income Tax | -$63M |
| Other Non-Cash Items | $241M |
| Change in Working Capital | -$96M |
| OPERATING CASH FLOW | $169M |
| Capital Expenditure | -$40M |
| Acquisitions (Net) | -$323M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $38M |
| NET CASH FROM INVESTING | -$324M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | -$200M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $9M |
| NET CASH FROM FINANCING | -$202M |
| FREE CASH FLOW | $129M |
| Net Change in Cash | -$353M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $192M |
| Net Receivables | $644M |
| Inventory | $717M |
| Other Current Assets | $166M |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $556M |
| Goodwill | $3.6B |
| Intangible Assets | $674M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $483M |
| TOTAL NON-CURRENT ASSETS | $5.3B |
| TOTAL ASSETS | $8.5B |
| Account Payables | $209M |
| Short-Term Debt | $56M |
| Deferred Revenue | $213M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $990M |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $12M |
| Deferred Tax Liabilities | $47M |
| Other Non-Current Liabilities | $406M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $3.9B |
| Common Stock | $3M |
| Additional Paid-In Capital | $6.3B |
| Retained Earnings | $3.0B |
| Treasury Stock | -$4.6B |
| Accum. Other Comp. Income | -$140M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.6B |
| TOTAL LIABILITIES & EQUITY | $8.5B |
| Total Debt | $2.5B |
| Net Debt | $1.1B |
