| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $954M | $925M | $723M | 3.1% | 32.0% |
| Op. Income | $118M | $98M | $60M | 20.5% | 96.2% |
| Gross Margin | 61.5% | 59.9% | 59.9% | 1.6pp | 1.6pp |
| Net Margin | -5.5% | 7.8% | 5.4% | -13.3pp | -10.9pp |
| EPS (Diluted) | $-0.15 | $0.22 | $0.12 | -170.6% | -227.5% |
| Free Cash Flow | $107M | -$31M | $109M | 446.3% | -2.1% |
| Item | Amount |
|---|---|
| REVENUE | $954M |
| Cost of Revenue | $367M |
| GROSS PROFIT | $586M |
| R&D Expenses | $0 |
| Selling & Marketing | $300M |
| General & Administrative | $168M |
| SG&A Expenses | $468M |
| Other Expenses | $0 |
| Operating Expenses | $468M |
| Cost & Expenses | $835M |
| OPERATING INCOME | $118M |
| Interest Income | $9M |
| Interest Expense | $9M |
| Other Income/Expenses | -$178M |
| INCOME BEFORE TAX | -$60M |
| Income Tax Expense | -$8M |
| Net Income from Continuing Ops | -$52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$52M |
| D&A | $41M |
| EBIT | -$53M |
| EBITDA | -$11M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$52M |
| Depreciation & Amortization | $41M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | $143M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | $129M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$22M |
| Net Debt Issuance | -$26M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$32M |
| FREE CASH FLOW | $107M |
| Net Change in Cash | -$32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $66M |
| Net Receivables | $502M |
| Inventory | $459M |
| Other Current Assets | $48M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $769M |
| Goodwill | $2M |
| Intangible Assets | $68M |
| Long-Term Investments | $0 |
| Tax Assets | $194M |
| Other Non-Current Assets | -$127.3K |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $3.2B |
| Account Payables | $205M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $120M |
| TOTAL CURRENT LIABILITIES | $873M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $11M |
| Other Non-Current Liabilities | $32M |
| TOTAL NON-CURRENT LIABILITIES | $586M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $43M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $248M |
| Treasury Stock | -$34M |
| Accum. Other Comp. Income | $1.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $3.2B |
| Total Debt | $634M |
| Net Debt | -$444M |
