| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.9B | $1.6B | -11.0% | 3.3% |
| Op. Income | -$7M | $68M | $23M | -110.3% | -130.4% |
| Gross Margin | 13.4% | 16.6% | 16.2% | -3.2pp | -2.7pp |
| Net Margin | -0.3% | 2.7% | 1.1% | -3.0pp | -1.4pp |
| EPS (Diluted) | $-0.14 | $1.34 | $0.48 | -110.4% | -129.2% |
| Free Cash Flow | -$86M | -$449M | $14M | 80.8% | -714.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $223M |
| R&D Expenses | $0 |
| Selling & Marketing | $11M |
| General & Administrative | $198M |
| SG&A Expenses | $209M |
| Other Expenses | $21M |
| Operating Expenses | $230M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | -$7M |
| Interest Income | $7M |
| Interest Expense | $6M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $11M |
| EBIT | -$7M |
| EBITDA | $4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$93M |
| OPERATING CASH FLOW | -$79M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $19M |
| Common Dividends Paid | -$22M |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$29M |
| FREE CASH FLOW | -$86M |
| Net Change in Cash | -$113M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $441M |
| Short-Term Investments | $15M |
| Net Receivables | $854M |
| Inventory | $0 |
| Other Current Assets | $166M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $248M |
| Goodwill | $0 |
| Intangible Assets | $13M |
| Long-Term Investments | $0 |
| Tax Assets | $22M |
| Other Non-Current Assets | $218M |
| TOTAL NON-CURRENT ASSETS | $501M |
| TOTAL ASSETS | $2.0B |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $79M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $369M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $113M |
| TOTAL NON-CURRENT LIABILITIES | $549M |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $1M |
| Additional Paid-In Capital | $228M |
| Retained Earnings | $736M |
| Treasury Stock | -$853M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $112M |
| Minority Interest | $0 |
| TOTAL EQUITY | $112M |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $436M |
| Net Debt | -$5M |
