| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $636M | $720M | — | -11.7% | — |
| Op. Income | $133M | $160M | — | -16.6% | — |
| Gross Margin | 35.4% | 33.0% | — | 2.4pp | — |
| Net Margin | 18.2% | 16.9% | — | 1.3pp | — |
| EPS (Diluted) | $0.79 | $0.82 | — | -3.7% | — |
| Free Cash Flow | $142M | $118M | — | 20.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $636M |
| Cost of Revenue | $411M |
| GROSS PROFIT | $225M |
| R&D Expenses | $19M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $70M |
| Other Expenses | $2M |
| Operating Expenses | $91M |
| Cost & Expenses | $502M |
| OPERATING INCOME | $133M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $137M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $117M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $115M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | $117M |
| D&A | $3M |
| EBIT | $136M |
| EBITDA | $139M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $636M |
| Cost of Revenue | $411M |
| GROSS PROFIT | $225M |
| R&D Expenses | $19M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $70M |
| Other Expenses | $2M |
| Operating Expenses | $91M |
| Cost & Expenses | $502M |
| OPERATING INCOME | $133M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $137M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $117M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $115M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | $117M |
| D&A | $3M |
| EBIT | $136M |
| EBITDA | $139M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $115M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $34M |
| OPERATING CASH FLOW | $154M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | -$35M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$47M |
| Net Debt Issuance | -$938.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$16M |
| NET CASH FROM FINANCING | -$17M |
| FREE CASH FLOW | $142M |
| Net Change in Cash | $90M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $562M |
| Short-Term Investments | $0 |
| Net Receivables | $718M |
| Inventory | $179M |
| Other Current Assets | $326M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $47M |
| Goodwill | $371M |
| Intangible Assets | $49M |
| Long-Term Investments | $0 |
| Tax Assets | $472M |
| Other Non-Current Assets | $44M |
| TOTAL NON-CURRENT ASSETS | $984M |
| TOTAL ASSETS | $2.8B |
| Account Payables | $407M |
| Short-Term Debt | $6M |
| Deferred Revenue | $237M |
| Other Current Liabilities | $80M |
| TOTAL CURRENT LIABILITIES | $806M |
| Long-Term Debt | $141M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $540M |
| TOTAL NON-CURRENT LIABILITIES | $680M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $4.1B |
| Retained Earnings | -$2.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $16M |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $146M |
| Net Debt | -$416M |
