| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $834M | $353M | $807M | 135.9% | 3.3% |
| Op. Income | $88M | -$83M | $117M | 206.6% | -24.6% |
| Gross Margin | 18.9% | -2.7% | 21.8% | 21.6pp | -3.0pp |
| Net Margin | 6.1% | -19.4% | 9.7% | 25.5pp | -3.6pp |
| EPS (Diluted) | $0.89 | $-1.21 | $1.37 | 173.6% | -35.0% |
| Free Cash Flow | -$196M | -$200M | -$107M | 2.0% | -84.2% |
| Item | Amount |
|---|---|
| REVENUE | $834M |
| Cost of Revenue | $677M |
| GROSS PROFIT | $157M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $69M |
| Other Expenses | $0 |
| Operating Expenses | $69M |
| Cost & Expenses | $746M |
| OPERATING INCOME | $88M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $68M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $50M |
| EBIT | $90M |
| EBITDA | $140M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $834M |
| Cost of Revenue | $677M |
| GROSS PROFIT | $157M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $69M |
| Other Expenses | $0 |
| Operating Expenses | $69M |
| Cost & Expenses | $746M |
| OPERATING INCOME | $88M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $68M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $50M |
| EBIT | $90M |
| EBITDA | $140M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $51M |
| Depreciation & Amortization | $51M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $37M |
| Change in Working Capital | -$184M |
| OPERATING CASH FLOW | -$43M |
| Capital Expenditure | -$154M |
| Acquisitions (Net) | -$58M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $14M |
| NET CASH FROM INVESTING | -$198M |
| Net Debt Issuance | $180M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $180M |
| FREE CASH FLOW | -$196M |
| Net Change in Cash | -$61M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $0 |
| Net Receivables | $428M |
| Inventory | $480M |
| Other Current Assets | $169M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $2.0B |
| Goodwill | $464M |
| Intangible Assets | $38M |
| Long-Term Investments | $53M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $2.5B |
| TOTAL ASSETS | $3.6B |
| Account Payables | $172M |
| Short-Term Debt | $12M |
| Deferred Revenue | $36M |
| Other Current Liabilities | $31M |
| TOTAL CURRENT LIABILITIES | $397M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $257M |
| Other Non-Current Liabilities | $140M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $571.0K |
| Additional Paid-In Capital | $624M |
| Retained Earnings | $849M |
| Treasury Stock | -$4M |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $3.6B |
| Total Debt | $1.4B |
| Net Debt | $1.4B |
