| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $493M | $536M | $588M | -7.9% | -16.0% |
| Op. Income | $27M | $31M | $45M | -14.2% | -39.8% |
| Gross Margin | 25.8% | 23.7% | 23.8% | 2.1pp | 2.0pp |
| Net Margin | 6.3% | 5.1% | 5.6% | 1.2pp | 0.8pp |
| EPS (Diluted) | $1.17 | $1.02 | $1.22 | 14.7% | -4.1% |
| Free Cash Flow | -$23M | $95M | $29M | -124.1% | -178.2% |
| Item | Amount |
|---|---|
| REVENUE | $493M |
| Cost of Revenue | $366M |
| GROSS PROFIT | $127M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $100M |
| Operating Expenses | $100M |
| Cost & Expenses | $466M |
| OPERATING INCOME | $27M |
| Interest Income | $0 |
| Interest Expense | $537.0K |
| Other Income/Expenses | $316.0K |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $12M |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $6M |
| EBIT | $28M |
| EBITDA | $34M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $493M |
| Cost of Revenue | $366M |
| GROSS PROFIT | $127M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $100M |
| Operating Expenses | $100M |
| Cost & Expenses | $466M |
| OPERATING INCOME | $27M |
| Interest Income | $0 |
| Interest Expense | $537.0K |
| Other Income/Expenses | $316.0K |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $12M |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $6M |
| EBIT | $28M |
| EBITDA | $34M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $31M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$54.0K |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$61M |
| OPERATING CASH FLOW | -$22M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | -$125M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $158.0K |
| NET CASH FROM INVESTING | -$126M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$16M |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | -$162M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $188M |
| Short-Term Investments | $0 |
| Net Receivables | $800M |
| Inventory | $94M |
| Other Current Assets | $121M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $104M |
| Goodwill | $203M |
| Intangible Assets | $94M |
| Long-Term Investments | $0 |
| Tax Assets | $6M |
| Other Non-Current Assets | $91M |
| TOTAL NON-CURRENT ASSETS | $498M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $282M |
| Short-Term Debt | $145M |
| Deferred Revenue | $143M |
| Other Current Liabilities | $35M |
| TOTAL CURRENT LIABILITIES | $650M |
| Long-Term Debt | $10M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $93M |
| TOTAL NON-CURRENT LIABILITIES | $103M |
| TOTAL LIABILITIES | $753M |
| Common Stock | $276.0K |
| Additional Paid-In Capital | $187M |
| Retained Earnings | $802M |
| Treasury Stock | -$47M |
| Accum. Other Comp. Income | $5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $947M |
| Minority Interest | $0 |
| TOTAL EQUITY | $947M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $154M |
| Net Debt | -$33M |
