| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $216M | $233M | $244M | -7.1% | -11.3% |
| Op. Income | -$30M | $28M | $35M | -207.4% | -186.5% |
| Gross Margin | 36.8% | 48.0% | 47.4% | -11.2pp | -10.6pp |
| Net Margin | -12.9% | 9.1% | 10.4% | -22.0pp | -23.3pp |
| EPS (Diluted) | $-0.22 | $0.17 | $0.21 | -229.4% | -204.8% |
| Free Cash Flow | $7M | $24M | -$28M | -71.3% | 124.5% |
| Item | Amount |
|---|---|
| REVENUE | $216M |
| Cost of Revenue | $137M |
| GROSS PROFIT | $80M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $51M |
| SG&A Expenses | $51M |
| Other Expenses | $59M |
| Operating Expenses | $109M |
| Cost & Expenses | $246M |
| OPERATING INCOME | -$30M |
| Interest Income | $239M |
| Interest Expense | $122M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$30M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$28M |
| D&A | $0 |
| EBIT | -$30M |
| EBITDA | -$30M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$28M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $53M |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$637M |
| Sales/Maturities of Investments | $998M |
| Other Investing Activities | $52M |
| NET CASH FROM INVESTING | $410M |
| Net Debt Issuance | -$230M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$18M |
| Other Financing Activities | -$215M |
| NET CASH FROM FINANCING | -$463M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | -$44M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $690M |
| Short-Term Investments | $0 |
| Net Receivables | $54M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $743M |
| PP&E (Net) | $128M |
| Goodwill | $478M |
| Intangible Assets | $47M |
| Long-Term Investments | $16.7B |
| Tax Assets | $203M |
| Other Non-Current Assets | $263M |
| TOTAL NON-CURRENT ASSETS | $17.8B |
| TOTAL ASSETS | $18.5B |
| Account Payables | $72M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $15.9B |
| TOTAL CURRENT LIABILITIES | $16.0B |
| Long-Term Debt | $140M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $107M |
| TOTAL NON-CURRENT LIABILITIES | $308M |
| TOTAL LIABILITIES | $16.3B |
| Common Stock | $146.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | $1.1B |
| Treasury Stock | -$265M |
| Accum. Other Comp. Income | -$171M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $18.5B |
| Total Debt | $201M |
| Net Debt | -$489M |
