| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.4B | $1.3B | -2.9% | 1.0% |
| Op. Income | $153M | $125M | $128M | 22.1% | 19.8% |
| Gross Margin | 23.2% | 19.9% | 21.9% | 3.3pp | 1.2pp |
| Net Margin | 7.1% | 2.9% | 6.0% | 4.2pp | 1.1pp |
| EPS (Diluted) | $1.69 | $0.69 | $1.31 | 144.9% | 29.0% |
| Free Cash Flow | $26M | -$103M | $87M | 124.8% | -70.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $316M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $163M |
| Other Expenses | $0 |
| Operating Expenses | $163M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $153M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $132M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $97M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $97M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $97M |
| D&A | $32M |
| EBIT | $154M |
| EBITDA | $186M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $316M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $163M |
| Other Expenses | $0 |
| Operating Expenses | $163M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $153M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $132M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $97M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $97M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $97M |
| D&A | $32M |
| EBIT | $154M |
| EBITDA | $186M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $97M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$98M |
| OPERATING CASH FLOW | $43M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | $106M |
| Common Stock Repurchased | -$78M |
| Common Dividends Paid | -$17M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $9M |
| FREE CASH FLOW | $26M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $156M |
| Short-Term Investments | $0 |
| Net Receivables | $1.1B |
| Inventory | $0 |
| Other Current Assets | $71M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $153M |
| Goodwill | $1.8B |
| Intangible Assets | $795M |
| Long-Term Investments | $10M |
| Tax Assets | $10M |
| Other Non-Current Assets | $122M |
| TOTAL NON-CURRENT ASSETS | $2.9B |
| TOTAL ASSETS | $4.2B |
| Account Payables | $306M |
| Short-Term Debt | $86M |
| Deferred Revenue | $79M |
| Other Current Liabilities | $66M |
| TOTAL CURRENT LIABILITIES | $721M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $36M |
| Deferred Tax Liabilities | $167M |
| Other Non-Current Liabilities | $74M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $616M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $4.2B |
| Total Debt | $1.6B |
| Net Debt | $1.5B |
