| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $460M | $158M | $407M | 190.6% | 12.9% |
| Op. Income | $165M | -$30M | $139M | 654.6% | 18.7% |
| Gross Margin | 50.7% | 35.3% | 51.6% | 15.4pp | -0.9pp |
| Net Margin | 20.2% | -13.7% | 18.6% | 33.8pp | 1.5pp |
| EPS (Diluted) | $1.94 | $-0.46 | $1.56 | 521.7% | 24.4% |
| Free Cash Flow | $170M | $14M | $104M | 1129.4% | 64.5% |
| Item | Amount |
|---|---|
| REVENUE | $460M |
| Cost of Revenue | $227M |
| GROSS PROFIT | $233M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $68M |
| Operating Expenses | $68M |
| Cost & Expenses | $295M |
| OPERATING INCOME | $165M |
| Interest Income | $813.0K |
| Interest Expense | $10M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $154M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $93M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $93M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $93M |
| D&A | $14M |
| EBIT | $164M |
| EBITDA | $178M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $460M |
| Cost of Revenue | $227M |
| GROSS PROFIT | $233M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $68M |
| Operating Expenses | $68M |
| Cost & Expenses | $295M |
| OPERATING INCOME | $165M |
| Interest Income | $813.0K |
| Interest Expense | $10M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $154M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $93M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $93M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $93M |
| D&A | $14M |
| EBIT | $164M |
| EBITDA | $178M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $93M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $30M |
| Other Non-Cash Items | $800.0K |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | $164M |
| Capital Expenditure | $6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$163.0K |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$28M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$29M |
| FREE CASH FLOW | $170M |
| Net Change in Cash | $127M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $158M |
| Short-Term Investments | $0 |
| Net Receivables | $159M |
| Inventory | $0 |
| Other Current Assets | $103M |
| TOTAL CURRENT ASSETS | $420M |
| PP&E (Net) | $1.1B |
| Goodwill | $69M |
| Intangible Assets | $64M |
| Long-Term Investments | $0 |
| Tax Assets | $43M |
| Other Non-Current Assets | $162M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $228M |
| Short-Term Debt | $30M |
| Deferred Revenue | $250M |
| Other Current Liabilities | $69M |
| TOTAL CURRENT LIABILITIES | $618M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$524M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $534.0K |
| Additional Paid-In Capital | $48M |
| Retained Earnings | $224M |
| Treasury Stock | -$205M |
| Accum. Other Comp. Income | -$31M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $36M |
| Minority Interest | $0 |
| TOTAL EQUITY | $36M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $1.8B |
| Net Debt | $1.6B |
