| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $420M | $344M | — | 22.0% | — |
| Op. Income | $58M | $30M | — | 91.1% | — |
| Gross Margin | 35.1% | 35.3% | — | -0.3pp | — |
| Net Margin | 9.0% | 5.2% | — | 3.8pp | — |
| EPS (Diluted) | $2.22 | $1.05 | — | 111.4% | — |
| Free Cash Flow | $65M | -$49M | — | 231.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $420M |
| Cost of Revenue | $273M |
| GROSS PROFIT | $147M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $71M |
| Other Expenses | $215.0K |
| Operating Expenses | $89M |
| Cost & Expenses | $362M |
| OPERATING INCOME | $58M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $49M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $11M |
| EBIT | $58M |
| EBITDA | $69M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $420M |
| Cost of Revenue | $273M |
| GROSS PROFIT | $147M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $71M |
| Other Expenses | $215.0K |
| Operating Expenses | $89M |
| Cost & Expenses | $362M |
| OPERATING INCOME | $58M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $49M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $11M |
| EBIT | $58M |
| EBITDA | $69M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $38M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $479.0K |
| Other Non-Cash Items | $618.0K |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $53M |
| Capital Expenditure | $12M |
| Acquisitions (Net) | $29.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $110.0K |
| Other Investing Activities | -$18M |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | -$25M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$25M |
| FREE CASH FLOW | $65M |
| Net Change in Cash | $17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $102M |
| Short-Term Investments | $0 |
| Net Receivables | $704M |
| Inventory | $442M |
| Other Current Assets | $77M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $124M |
| Goodwill | $382M |
| Intangible Assets | $182M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $116M |
| TOTAL NON-CURRENT ASSETS | $806M |
| TOTAL ASSETS | $2.1B |
| Account Payables | $184M |
| Short-Term Debt | $244M |
| Deferred Revenue | $76M |
| Other Current Liabilities | -$10M |
| TOTAL CURRENT LIABILITIES | $704M |
| Long-Term Debt | $467M |
| Deferred Revenue NC | $19M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $96M |
| TOTAL NON-CURRENT LIABILITIES | $601M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $9M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $848M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$31M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $826M |
| Minority Interest | $0 |
| TOTAL EQUITY | $826M |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $741M |
| Net Debt | $639M |
