| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $373M | $368M | $331M | 1.5% | 12.9% |
| Op. Income | $85M | $91M | $63M | -6.1% | 35.6% |
| Gross Margin | 34.0% | 36.2% | 31.2% | -2.1pp | 2.9pp |
| Net Margin | 5.8% | 8.3% | 3.1% | -2.5pp | 2.7pp |
| EPS (Diluted) | $1.91 | $2.72 | $0.92 | -29.8% | 107.6% |
| Free Cash Flow | $39M | -$93M | -$310M | 141.7% | 112.5% |
| Item | Amount |
|---|---|
| REVENUE | $373M |
| Cost of Revenue | $246M |
| GROSS PROFIT | $127M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $42M |
| SG&A Expenses | $42M |
| Other Expenses | $0 |
| Operating Expenses | $42M |
| Cost & Expenses | $288M |
| OPERATING INCOME | $85M |
| Interest Income | $0 |
| Interest Expense | $23M |
| Other Income/Expenses | -$53M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $9M |
| EBIT | $55M |
| EBITDA | $64M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $373M |
| Cost of Revenue | $246M |
| GROSS PROFIT | $127M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $42M |
| SG&A Expenses | $42M |
| Other Expenses | $0 |
| Operating Expenses | $42M |
| Cost & Expenses | $288M |
| OPERATING INCOME | $85M |
| Interest Income | $0 |
| Interest Expense | $23M |
| Other Income/Expenses | -$53M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $9M |
| EBIT | $55M |
| EBITDA | $64M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | -$31M |
| Depreciation & Amortization | -$9M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | -$41M |
| Change in Working Capital | $124M |
| OPERATING CASH FLOW | $40M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$900.0K |
| NET CASH FROM INVESTING | -$900.0K |
| Net Debt Issuance | -$36M |
| Common Stock Repurchased | -$581.0K |
| Common Dividends Paid | -$2M |
| Other Financing Activities | -$73.0K |
| NET CASH FROM FINANCING | -$38M |
| FREE CASH FLOW | $39M |
| Net Change in Cash | $922.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $38M |
| Short-Term Investments | $0 |
| Net Receivables | $1.7B |
| Inventory | $0 |
| Other Current Assets | $1.1B |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $163M |
| Goodwill | $144M |
| Intangible Assets | $35M |
| Long-Term Investments | $185M |
| Tax Assets | $0 |
| Other Non-Current Assets | $209M |
| TOTAL NON-CURRENT ASSETS | $736M |
| TOTAL ASSETS | $3.7B |
| Account Payables | $64M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $562M |
| Long-Term Debt | $760M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $44M |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $27M |
| Retained Earnings | $868M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $897M |
| Minority Interest | $0 |
| TOTAL EQUITY | $897M |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $926M |
| Net Debt | $888M |
