| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $761M | $706M | $668M | 7.9% | 14.0% |
| Op. Income | $108M | $108M | $105M | 0.7% | 3.5% |
| Gross Margin | 47.0% | 47.5% | 46.8% | -0.5pp | 0.2pp |
| Net Margin | 9.5% | 10.8% | 7.9% | -1.3pp | 1.6pp |
| EPS (Diluted) | $0.32 | $0.34 | $0.26 | -5.9% | 23.1% |
| Free Cash Flow | -$26M | $41M | $26M | -163.6% | -200.7% |
| Item | Amount |
|---|---|
| REVENUE | $761M |
| Cost of Revenue | $404M |
| GROSS PROFIT | $358M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $145M |
| SG&A Expenses | $145M |
| Other Expenses | $104M |
| Operating Expenses | $249M |
| Cost & Expenses | $653M |
| OPERATING INCOME | $108M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $100M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $72M |
| D&A | $73M |
| EBIT | $108M |
| EBITDA | $181M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $761M |
| Cost of Revenue | $404M |
| GROSS PROFIT | $358M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $145M |
| SG&A Expenses | $145M |
| Other Expenses | $104M |
| Operating Expenses | $249M |
| Cost & Expenses | $653M |
| OPERATING INCOME | $108M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $100M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $72M |
| D&A | $73M |
| EBIT | $108M |
| EBITDA | $181M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $72M |
| Depreciation & Amortization | $73M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $18M |
| Other Non-Cash Items | $22M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $196M |
| Capital Expenditure | -$222M |
| Acquisitions (Net) | $139M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$89M |
| Net Debt Issuance | $4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$266.0K |
| NET CASH FROM FINANCING | $12M |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | $119M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $176M |
| Short-Term Investments | $0 |
| Net Receivables | $53M |
| Inventory | $66M |
| Other Current Assets | $42M |
| TOTAL CURRENT ASSETS | $368M |
| PP&E (Net) | $5.7B |
| Goodwill | $1.2B |
| Intangible Assets | $171M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $86M |
| TOTAL NON-CURRENT ASSETS | $7.2B |
| TOTAL ASSETS | $7.6B |
| Account Payables | $90M |
| Short-Term Debt | $23M |
| Deferred Revenue | $61M |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $569M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $105M |
| Other Non-Current Liabilities | $69M |
| TOTAL NON-CURRENT LIABILITIES | $4.2B |
| TOTAL LIABILITIES | $4.7B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | -$272M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $7.6B |
| Total Debt | $4.1B |
| Net Debt | $3.9B |
