| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $932M | $1.1B | $715M | -12.9% | 30.2% |
| Op. Income | $77M | $105M | $134M | -26.5% | -42.6% |
| Gross Margin | 51.9% | 64.2% | 49.2% | -12.3pp | 2.7pp |
| Net Margin | 14.6% | 7.1% | 13.7% | 7.5pp | 0.9pp |
| EPS (Diluted) | $2.54 | $1.42 | $1.85 | 78.9% | 37.3% |
| Free Cash Flow | -$142M | $1.1B | -$1.1B | -113.4% | 87.1% |
| Item | Amount |
|---|---|
| REVENUE | $932M |
| Cost of Revenue | $448M |
| GROSS PROFIT | $483M |
| R&D Expenses | $0 |
| Selling & Marketing | $12M |
| General & Administrative | $70M |
| SG&A Expenses | $83M |
| Other Expenses | $324M |
| Operating Expenses | $407M |
| Cost & Expenses | $855M |
| OPERATING INCOME | $77M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$420.0K |
| INCOME BEFORE TAX | $76M |
| Income Tax Expense | -$60M |
| Net Income from Continuing Ops | $136M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $136M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $136M |
| D&A | $18M |
| EBIT | $77M |
| EBITDA | $95M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $932M |
| Cost of Revenue | $448M |
| GROSS PROFIT | $483M |
| R&D Expenses | $0 |
| Selling & Marketing | $12M |
| General & Administrative | $70M |
| SG&A Expenses | $83M |
| Other Expenses | $324M |
| Operating Expenses | $407M |
| Cost & Expenses | $855M |
| OPERATING INCOME | $77M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$420.0K |
| INCOME BEFORE TAX | $76M |
| Income Tax Expense | -$60M |
| Net Income from Continuing Ops | $136M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $136M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $136M |
| D&A | $18M |
| EBIT | $77M |
| EBITDA | $95M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $136M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$275M |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | -$131M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$30M |
| Sales/Maturities of Investments | -$28M |
| Other Investing Activities | -$98M |
| NET CASH FROM INVESTING | -$157M |
| Net Debt Issuance | -$9M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$16M |
| Other Financing Activities | $264M |
| NET CASH FROM FINANCING | $240M |
| FREE CASH FLOW | -$142M |
| Net Change in Cash | -$49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $162M |
| Short-Term Investments | $462M |
| Net Receivables | $12.1B |
| Inventory | $0 |
| Other Current Assets | $278M |
| TOTAL CURRENT ASSETS | $13.5B |
| PP&E (Net) | $42M |
| Goodwill | $0 |
| Intangible Assets | $9.6B |
| Long-Term Investments | $965.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $10.8B |
| TOTAL ASSETS | $24.2B |
| Account Payables | $481M |
| Short-Term Debt | $7.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $8.9B |
| Long-Term Debt | $11.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $65M |
| TOTAL NON-CURRENT LIABILITIES | $11.2B |
| TOTAL LIABILITIES | $20.2B |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $77M |
| Retained Earnings | $4.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $24.2B |
| Total Debt | $18.5B |
| Net Debt | $18.4B |
