| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $1.7B | $2.0B | 8.5% | -6.1% |
| Op. Income | $97M | -$16M | $49M | 713.3% | 98.9% |
| Gross Margin | 14.0% | 8.5% | 10.7% | 5.5pp | 3.3pp |
| Net Margin | 3.1% | -1.7% | 0.9% | 4.9pp | 2.2pp |
| EPS (Diluted) | $1.17 | $-0.57 | $0.32 | 305.3% | 265.6% |
| Free Cash Flow | $85M | -$42M | -$42M | 301.9% | 305.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $265M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $24M |
| SG&A Expenses | $24M |
| Other Expenses | $145M |
| Operating Expenses | $168M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $97M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $76M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $59M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $59M |
| D&A | $35M |
| EBIT | $98M |
| EBITDA | $133M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $265M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $24M |
| SG&A Expenses | $24M |
| Other Expenses | $145M |
| Operating Expenses | $168M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $97M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $76M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $59M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $59M |
| D&A | $35M |
| EBIT | $98M |
| EBITDA | $133M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $59M |
| Depreciation & Amortization | $35M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $15M |
| Other Non-Cash Items | -$103M |
| Change in Working Capital | $123M |
| OPERATING CASH FLOW | $134M |
| Capital Expenditure | -$48M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$46M |
| Net Debt Issuance | -$24M |
| Common Stock Repurchased | -$30M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$52M |
| FREE CASH FLOW | $85M |
| Net Change in Cash | $35M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $169M |
| Short-Term Investments | $0 |
| Net Receivables | $387M |
| Inventory | $1.0B |
| Other Current Assets | $70M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $1.6B |
| Goodwill | $129M |
| Intangible Assets | $9M |
| Long-Term Investments | $110M |
| Tax Assets | $0 |
| Other Non-Current Assets | $316M |
| TOTAL NON-CURRENT ASSETS | $2.2B |
| TOTAL ASSETS | $3.9B |
| Account Payables | $439M |
| Short-Term Debt | $5M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $558M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $61M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $507.0K |
| Additional Paid-In Capital | $892M |
| Retained Earnings | $246M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $3.9B |
| Total Debt | $1.6B |
| Net Debt | $1.4B |
