| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $289M | $227M | $240M | 27.2% | 20.2% |
| Op. Income | $111M | $52M | $70M | 115.4% | 57.9% |
| Gross Margin | 41.6% | 27.6% | 34.1% | 14.0pp | 7.5pp |
| Net Margin | 31.1% | 7.0% | 16.5% | 24.1pp | 14.6pp |
| EPS (Diluted) | $0.76 | $0.14 | $0.42 | 442.9% | 81.0% |
| Free Cash Flow | -$4M | $91M | $47M | -104.9% | -109.4% |
| Item | Amount |
|---|---|
| REVENUE | $289M |
| Cost of Revenue | $168M |
| GROSS PROFIT | $120M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $9M |
| Cost & Expenses | $177M |
| OPERATING INCOME | $111M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $90M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $90M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $90M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $90M |
| D&A | $67M |
| EBIT | $102M |
| EBITDA | $169M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $289M |
| Cost of Revenue | $168M |
| GROSS PROFIT | $120M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $9M |
| Cost & Expenses | $177M |
| OPERATING INCOME | $111M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $90M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $90M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $90M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $90M |
| D&A | $67M |
| EBIT | $102M |
| EBITDA | $169M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $90M |
| Depreciation & Amortization | $67M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$49M |
| Change in Working Capital | $21M |
| OPERATING CASH FLOW | $130M |
| Capital Expenditure | -$135M |
| Acquisitions (Net) | $215.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$134M |
| Net Debt Issuance | $104M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$93M |
| Other Financing Activities | -$15.0K |
| NET CASH FROM FINANCING | $10M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $0 |
| Net Receivables | $147M |
| Inventory | $26M |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $209M |
| PP&E (Net) | $2.1B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $30M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $49M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $266M |
| Long-Term Debt | $565M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $117M |
| TOTAL NON-CURRENT LIABILITIES | $692M |
| TOTAL LIABILITIES | $958M |
| Common Stock | $1.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $581M |
| Net Debt | $567M |
