| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $274M | $244M | $177M | 12.4% | 55.1% |
| Op. Income | $28M | $25M | $8M | 15.0% | 244.6% |
| Gross Margin | 22.3% | 19.4% | 22.6% | 2.9pp | -0.3pp |
| Net Margin | 7.3% | 9.4% | 4.5% | -2.1pp | 2.7pp |
| EPS (Diluted) | $0.16 | $0.18 | $0.07 | -11.1% | 145.8% |
| Free Cash Flow | $4M | $158M | $87M | -97.3% | -95.0% |
| Item | Amount |
|---|---|
| REVENUE | $274M |
| Cost of Revenue | $213M |
| GROSS PROFIT | $61M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $25M |
| Other Expenses | $0 |
| Operating Expenses | $33M |
| Cost & Expenses | $246M |
| OPERATING INCOME | $28M |
| Interest Income | $3M |
| Interest Expense | $2M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $19M |
| EBIT | $28M |
| EBITDA | $47M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $274M |
| Cost of Revenue | $213M |
| GROSS PROFIT | $61M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $25M |
| Other Expenses | $0 |
| Operating Expenses | $33M |
| Cost & Expenses | $246M |
| OPERATING INCOME | $28M |
| Interest Income | $3M |
| Interest Expense | $2M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $19M |
| EBIT | $28M |
| EBITDA | $47M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $20M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $39M |
| Capital Expenditure | -$34M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $24M |
| NET CASH FROM INVESTING | -$29M |
| Net Debt Issuance | $184M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $202M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | $228M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $489M |
| Short-Term Investments | $0 |
| Net Receivables | $273M |
| Inventory | $10M |
| Other Current Assets | $46M |
| TOTAL CURRENT ASSETS | $819M |
| PP&E (Net) | $486M |
| Goodwill | $325M |
| Intangible Assets | $431M |
| Long-Term Investments | $0 |
| Tax Assets | $7M |
| Other Non-Current Assets | $252M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $229M |
| Short-Term Debt | $14M |
| Deferred Revenue | $659M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $947M |
| Long-Term Debt | $183M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $137M |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $430M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $753M |
| Additional Paid-In Capital | $20M |
| Retained Earnings | $146M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $22M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $942M |
| Minority Interest | $0 |
| TOTAL EQUITY | $942M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $287M |
| Net Debt | -$202M |
