| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $403M | $39M | $358M | 922.5% | 12.8% |
| Op. Income | $22M | -$27M | $13M | 180.9% | 66.6% |
| Gross Margin | 22.6% | 77.0% | 22.7% | -54.3pp | -0.1pp |
| Net Margin | 2.0% | -22.3% | 0.3% | 24.3pp | 1.7pp |
| EPS (Diluted) | $0.34 | $-0.37 | $0.05 | 191.9% | 645.6% |
| Free Cash Flow | $32M | -$85M | $61M | 137.0% | -48.4% |
| Item | Amount |
|---|---|
| REVENUE | $403M |
| Cost of Revenue | $312M |
| GROSS PROFIT | $91M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $69M |
| Other Expenses | $0 |
| Operating Expenses | $69M |
| Cost & Expenses | $381M |
| OPERATING INCOME | $22M |
| Interest Income | $496.0K |
| Interest Expense | $6M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $790.0K |
| EBIT | $21M |
| EBITDA | $22M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $403M |
| Cost of Revenue | $312M |
| GROSS PROFIT | $91M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $69M |
| Other Expenses | $0 |
| Operating Expenses | $69M |
| Cost & Expenses | $381M |
| OPERATING INCOME | $22M |
| Interest Income | $496.0K |
| Interest Expense | $6M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $790.0K |
| EBIT | $21M |
| EBITDA | $22M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $790.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $32M |
| Capital Expenditure | -$857.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$38.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$895.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$132.0K |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $32M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $81M |
| Short-Term Investments | $0 |
| Net Receivables | $111M |
| Inventory | $0 |
| Other Current Assets | $25M |
| TOTAL CURRENT ASSETS | $300M |
| PP&E (Net) | $29M |
| Goodwill | $227M |
| Intangible Assets | $104M |
| Long-Term Investments | $72M |
| Tax Assets | $37M |
| Other Non-Current Assets | $751M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.5B |
| Account Payables | $8M |
| Short-Term Debt | $80M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $554M |
| TOTAL CURRENT LIABILITIES | $642M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $606.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$764M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $249.0K |
| Additional Paid-In Capital | $7M |
| Retained Earnings | -$138M |
| Treasury Stock | -$150M |
| Accum. Other Comp. Income | -$894.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$282M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$282M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $2.0B |
| Net Debt | $1.9B |
