| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.2B | $1.1B | 8.4% | 20.0% |
| Op. Income | $30M | $61M | -$33M | -51.2% | 189.7% |
| Gross Margin | 63.3% | 65.6% | 68.2% | -2.2pp | -4.9pp |
| Net Margin | -220.1% | -114.2% | 25.3% | -105.9pp | -245.4pp |
| EPS (Diluted) | $-8.09 | $-3.84 | $0.84 | -110.7% | -1063.1% |
| Free Cash Flow | -$170M | -$114M | $361M | -49.1% | -147.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $465M |
| GROSS PROFIT | $804M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $309M |
| SG&A Expenses | $309M |
| Other Expenses | $465M |
| Operating Expenses | $774M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $30M |
| Interest Income | $39M |
| Interest Expense | $130M |
| Other Income/Expenses | -$2.8B |
| INCOME BEFORE TAX | -$2.8B |
| Income Tax Expense | $900.0K |
| Net Income from Continuing Ops | -$2.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2.8B |
| D&A | $251M |
| EBIT | -$2.6B |
| EBITDA | -$2.4B |
| EPS | -$8 |
| EPS Diluted | -$8 |
| Item | Amount |
|---|---|
| Net Income | -$2.8B |
| Depreciation & Amortization | $268M |
| Stock-Based Compensation | $49M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2.7B |
| Change in Working Capital | -$77M |
| OPERATING CASH FLOW | $149M |
| Capital Expenditure | -$319M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $20M |
| NET CASH FROM INVESTING | -$299M |
| Net Debt Issuance | -$132M |
| Common Stock Repurchased | -$64M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $71M |
| NET CASH FROM FINANCING | -$125M |
| FREE CASH FLOW | -$170M |
| Net Change in Cash | -$166M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $1.3B |
| Net Receivables | $570M |
| Inventory | $0 |
| Other Current Assets | $714M |
| TOTAL CURRENT ASSETS | $4.4B |
| PP&E (Net) | $5.1B |
| Goodwill | $3.6B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $11.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $22.7B |
| TOTAL ASSETS | $27.2B |
| Account Payables | $455M |
| Short-Term Debt | $2.0B |
| Deferred Revenue | $254M |
| Other Current Liabilities | $148M |
| TOTAL CURRENT LIABILITIES | $4.3B |
| Long-Term Debt | $7.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $9.6B |
| TOTAL LIABILITIES | $14.0B |
| Common Stock | $3M |
| Additional Paid-In Capital | $735M |
| Retained Earnings | $8.1B |
| Treasury Stock | -$100.0K |
| Accum. Other Comp. Income | $4.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.0B |
| Minority Interest | $211M |
| TOTAL EQUITY | $13.2B |
| TOTAL LIABILITIES & EQUITY | $27.2B |
| Total Debt | $10.5B |
| Net Debt | $8.7B |
