| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.5B | $4.1B | $4.5B | 10.5% | -0.0% |
| Op. Income | -$25M | $28M | $101M | -189.7% | -125.0% |
| Gross Margin | 16.9% | 17.1% | 17.4% | -0.2pp | -0.5pp |
| Net Margin | -1.5% | 0.1% | 1.3% | -1.6pp | -2.8pp |
| EPS (Diluted) | $-1.44 | $0.12 | $1.24 | -1300.0% | -216.1% |
| Free Cash Flow | -$207M | -$167M | -$150M | -24.1% | -38.3% |
| Item | Amount |
|---|---|
| REVENUE | $4.5B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $764M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $700M |
| SG&A Expenses | $700M |
| Other Expenses | $89M |
| Operating Expenses | $789M |
| Cost & Expenses | $4.5B |
| OPERATING INCOME | -$25M |
| Interest Income | $8M |
| Interest Expense | $26M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | -$42M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | -$67M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$67M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$67M |
| D&A | $22M |
| EBIT | -$16M |
| EBITDA | $6M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$67M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $95M |
| Change in Working Capital | -$245M |
| OPERATING CASH FLOW | -$190M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | $126M |
| Common Stock Repurchased | -$13M |
| Common Dividends Paid | -$33M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $78M |
| FREE CASH FLOW | -$207M |
| Net Change in Cash | -$105M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $290M |
| Short-Term Investments | $0 |
| Net Receivables | $4.6B |
| Inventory | $0 |
| Other Current Assets | $212M |
| TOTAL CURRENT ASSETS | $5.1B |
| PP&E (Net) | $549M |
| Goodwill | $1.5B |
| Intangible Assets | $445M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $820M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $8.5B |
| Account Payables | $2.6B |
| Short-Term Debt | $815M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.3B |
| TOTAL CURRENT LIABILITIES | $5.3B |
| Long-Term Debt | $470M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $445M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $6.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.6B |
| Retained Earnings | $3.7B |
| Treasury Stock | -$4.8B |
| Accum. Other Comp. Income | -$451M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $800.0K |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $8.5B |
| Total Debt | $1.7B |
| Net Debt | $1.4B |
