| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $462M | $493M | $490M | -6.4% | -5.7% |
| Op. Income | $73M | $98M | $50M | -25.5% | 45.6% |
| Gross Margin | 53.6% | 54.5% | 51.1% | -1.0pp | 2.4pp |
| Net Margin | 6.5% | 7.2% | -5.1% | -0.7pp | 11.6pp |
| EPS (Diluted) | $0.17 | $0.19 | $-0.14 | -10.5% | 221.4% |
| Free Cash Flow | $98M | -$34M | $72M | 392.1% | 36.7% |
| Item | Amount |
|---|---|
| REVENUE | $462M |
| Cost of Revenue | $214M |
| GROSS PROFIT | $248M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $171M |
| Other Expenses | $0 |
| Operating Expenses | $174M |
| Cost & Expenses | $389M |
| OPERATING INCOME | $73M |
| Interest Income | $0 |
| Interest Expense | $25M |
| Other Income/Expenses | -$34M |
| INCOME BEFORE TAX | $39M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $29M |
| EBIT | $64M |
| EBITDA | $93M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $462M |
| Cost of Revenue | $214M |
| GROSS PROFIT | $248M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $171M |
| Other Expenses | $0 |
| Operating Expenses | $174M |
| Cost & Expenses | $389M |
| OPERATING INCOME | $73M |
| Interest Income | $0 |
| Interest Expense | $25M |
| Other Income/Expenses | -$34M |
| INCOME BEFORE TAX | $39M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $29M |
| EBIT | $64M |
| EBITDA | $93M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $30M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $17M |
| Change in Working Capital | $26M |
| OPERATING CASH FLOW | $111M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | -$17M |
| NET CASH FROM INVESTING | -$29M |
| Net Debt Issuance | -$17M |
| Common Stock Repurchased | -$75M |
| Common Dividends Paid | -$13M |
| Other Financing Activities | -$18M |
| NET CASH FROM FINANCING | -$123M |
| FREE CASH FLOW | $98M |
| Net Change in Cash | -$39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $285M |
| Short-Term Investments | $16M |
| Net Receivables | $664M |
| Inventory | $79M |
| Other Current Assets | $83M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $329M |
| Goodwill | $749M |
| Intangible Assets | $17M |
| Long-Term Investments | $639M |
| Tax Assets | $0 |
| Other Non-Current Assets | $380M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $3.2B |
| Account Payables | $743M |
| Short-Term Debt | $15M |
| Deferred Revenue | $76M |
| Other Current Liabilities | $609M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $1.9B |
| Deferred Revenue NC | $418.0K |
| Deferred Tax Liabilities | $41M |
| Other Non-Current Liabilities | $263M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $3.8B |
| Common Stock | $270M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.7B |
| Treasury Stock | -$2.7B |
| Accum. Other Comp. Income | -$764M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$537M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$537M |
| TOTAL LIABILITIES & EQUITY | $3.2B |
| Total Debt | $2.0B |
| Net Debt | $1.7B |
