| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $968M | $1.1B | $1.1B | -7.8% | -10.9% |
| Op. Income | -$7M | $50M | $50M | -113.5% | -113.5% |
| Gross Margin | 20.1% | 24.8% | 23.7% | -4.6pp | -3.5pp |
| Net Margin | -2.0% | 2.5% | 0.9% | -4.6pp | -2.9pp |
| EPS (Diluted) | $-0.02 | $0.03 | $0.01 | -173.7% | -300.0% |
| Free Cash Flow | -$5M | $46M | $56M | -110.8% | -108.9% |
| Item | Amount |
|---|---|
| REVENUE | $968M |
| Cost of Revenue | $773M |
| GROSS PROFIT | $195M |
| R&D Expenses | $62M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $140M |
| Other Expenses | $0 |
| Operating Expenses | $202M |
| Cost & Expenses | $975M |
| OPERATING INCOME | -$7M |
| Interest Income | $13M |
| Interest Expense | $34M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $282M |
| EBIT | -$7M |
| EBITDA | $276M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$14M |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$68M |
| NET CASH FROM FINANCING | -$68M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$91M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $487M |
| Short-Term Investments | $134M |
| Net Receivables | $359M |
| Inventory | $0 |
| Other Current Assets | $402M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $198M |
| Goodwill | $558M |
| Intangible Assets | $3.1B |
| Long-Term Investments | $289M |
| Tax Assets | $3M |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $5.4B |
| TOTAL ASSETS | $6.8B |
| Account Payables | $1.0B |
| Short-Term Debt | $725M |
| Deferred Revenue | $651M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.3B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $133M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $4.8B |
| Common Stock | $63.0K |
| Additional Paid-In Capital | $8.2B |
| Retained Earnings | -$6.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $210M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | -$1M |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $6.8B |
| Total Debt | $2.1B |
| Net Debt | $1.6B |
