| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.8B | $4.1B | $4.5B | -7.9% | -16.7% |
| Op. Income | -$78M | $23M | -$63M | -446.7% | -23.9% |
| Gross Margin | 9.1% | 12.2% | 9.1% | -3.2pp | -0.1pp |
| Net Margin | 15.5% | -4.3% | -7.6% | 19.8pp | 23.0pp |
| EPS (Diluted) | $0.58 | $-0.18 | $-0.41 | 429.9% | 243.3% |
| Free Cash Flow | -$402M | $148M | $283M | -370.7% | -241.8% |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $343M |
| R&D Expenses | $228M |
| Selling & Marketing | $21M |
| General & Administrative | $133M |
| SG&A Expenses | $153M |
| Other Expenses | $40M |
| Operating Expenses | $421M |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | -$78M |
| Interest Income | $7M |
| Interest Expense | $118M |
| Other Income/Expenses | $748M |
| INCOME BEFORE TAX | $670M |
| Income Tax Expense | $68M |
| Net Income from Continuing Ops | $601M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $584M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $584M |
| D&A | $790M |
| EBIT | $787M |
| EBITDA | $1.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $565M |
| Depreciation & Amortization | $764M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$769M |
| Change in Working Capital | -$774M |
| OPERATING CASH FLOW | -$213M |
| Capital Expenditure | -$189M |
| Acquisitions (Net) | $516M |
| Purchases of Investments | -$198.6K |
| Sales/Maturities of Investments | $22M |
| Other Investing Activities | $7M |
| NET CASH FROM INVESTING | $188M |
| Net Debt Issuance | $62M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$396M |
| NET CASH FROM FINANCING | -$334M |
| FREE CASH FLOW | -$402M |
| Net Change in Cash | $519M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $9M |
| Net Receivables | $1.6B |
| Inventory | $1.9B |
| Other Current Assets | $173M |
| TOTAL CURRENT ASSETS | $4.9B |
| PP&E (Net) | $10.4B |
| Goodwill | $0 |
| Intangible Assets | $1.1B |
| Long-Term Investments | $104M |
| Tax Assets | $2.4B |
| Other Non-Current Assets | $95M |
| TOTAL NON-CURRENT ASSETS | $14.0B |
| TOTAL ASSETS | $18.9B |
| Account Payables | $2.5B |
| Short-Term Debt | $3.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $168M |
| TOTAL CURRENT LIABILITIES | $7.9B |
| Long-Term Debt | $5.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $436M |
| TOTAL NON-CURRENT LIABILITIES | $5.8B |
| TOTAL LIABILITIES | $13.8B |
| Common Stock | $1.7B |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $395M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $431M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.4B |
| Minority Interest | $752M |
| TOTAL EQUITY | $5.1B |
| TOTAL LIABILITIES & EQUITY | $18.9B |
| Total Debt | $9.1B |
| Net Debt | $8.0B |
