| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $700M | $668M | $690M | 4.8% | 1.5% |
| Op. Income | $69M | $49M | $81M | 40.6% | -14.8% |
| Gross Margin | 25.8% | 22.8% | 27.5% | 3.0pp | -1.7pp |
| Net Margin | 5.5% | 3.2% | 4.1% | 2.3pp | 1.4pp |
| EPS (Diluted) | $0.33 | $0.18 | $0.25 | 82.3% | 30.7% |
| Free Cash Flow | $671.0K | $75M | -$23M | -99.1% | 102.9% |
| Item | Amount |
|---|---|
| REVENUE | $700M |
| Cost of Revenue | $519M |
| GROSS PROFIT | $181M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $79M |
| Other Expenses | $33M |
| Operating Expenses | $112M |
| Cost & Expenses | $631M |
| OPERATING INCOME | $69M |
| Interest Income | $1M |
| Interest Expense | $20M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $53M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $31M |
| EBIT | $73M |
| EBITDA | $104M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $700M |
| Cost of Revenue | $519M |
| GROSS PROFIT | $181M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $79M |
| Other Expenses | $33M |
| Operating Expenses | $112M |
| Cost & Expenses | $631M |
| OPERATING INCOME | $69M |
| Interest Income | $1M |
| Interest Expense | $20M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $53M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $31M |
| EBIT | $73M |
| EBITDA | $104M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $39M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $376.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$40M |
| OPERATING CASH FLOW | $35M |
| Capital Expenditure | -$34M |
| Acquisitions (Net) | -$8M |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $548.0K |
| Other Investing Activities | $2.0K |
| NET CASH FROM INVESTING | -$44M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$650.0K |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $671.0K |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $119M |
| Short-Term Investments | $0 |
| Net Receivables | $113M |
| Inventory | $0 |
| Other Current Assets | $45M |
| TOTAL CURRENT ASSETS | $276M |
| PP&E (Net) | $1.9B |
| Goodwill | $1.1B |
| Intangible Assets | $425M |
| Long-Term Investments | $95.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $81M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $3.8B |
| Account Payables | $174M |
| Short-Term Debt | $10M |
| Deferred Revenue | $38M |
| Other Current Liabilities | $47M |
| TOTAL CURRENT LIABILITIES | $420M |
| Long-Term Debt | $917M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $27M |
| Other Non-Current Liabilities | $108M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $1M |
| Additional Paid-In Capital | $837M |
| Retained Earnings | $90M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $924M |
| Minority Interest | $0 |
| TOTAL EQUITY | $924M |
| TOTAL LIABILITIES & EQUITY | $3.8B |
| Total Debt | $2.5B |
| Net Debt | $2.4B |
