| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $529M | $492M | $541M | 7.5% | -2.3% |
| Op. Income | $79M | $63M | $55M | 25.0% | 44.2% |
| Gross Margin | 25.9% | 24.3% | 26.6% | 1.6pp | -0.7pp |
| Net Margin | 8.6% | -29.3% | 3.6% | 37.9pp | 4.9pp |
| EPS (Diluted) | $1.44 | $-4.51 | $0.61 | 131.9% | 136.1% |
| Free Cash Flow | $34M | -$23M | $30M | 248.9% | 13.0% |
| Item | Amount |
|---|---|
| REVENUE | $529M |
| Cost of Revenue | $392M |
| GROSS PROFIT | $137M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $52M |
| Other Expenses | $0 |
| Operating Expenses | $58M |
| Cost & Expenses | $450M |
| OPERATING INCOME | $79M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $60M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $45M |
| D&A | $26M |
| EBIT | $73M |
| EBITDA | $99M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $529M |
| Cost of Revenue | $392M |
| GROSS PROFIT | $137M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $52M |
| Other Expenses | $0 |
| Operating Expenses | $58M |
| Cost & Expenses | $450M |
| OPERATING INCOME | $79M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $60M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $45M |
| D&A | $26M |
| EBIT | $73M |
| EBITDA | $99M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $45M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | $63M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $800.0K |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$36M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$19M |
| Common Dividends Paid | -$3M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$30M |
| FREE CASH FLOW | $34M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $314M |
| Short-Term Investments | $6M |
| Net Receivables | $426M |
| Inventory | $360M |
| Other Current Assets | $67M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $1.0B |
| Goodwill | $916M |
| Intangible Assets | $214M |
| Long-Term Investments | $100.0K |
| Tax Assets | $16M |
| Other Non-Current Assets | $129M |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $3.5B |
| Account Payables | $198M |
| Short-Term Debt | $24M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $381M |
| TOTAL CURRENT LIABILITIES | $603M |
| Long-Term Debt | $959M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $88M |
| Other Non-Current Liabilities | $117M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $5M |
| Additional Paid-In Capital | $527M |
| Retained Earnings | $2.4B |
| Treasury Stock | -$940M |
| Accum. Other Comp. Income | -$347M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $34M |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $3.5B |
| Total Debt | $983M |
| Net Debt | $670M |
