| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $649M | $569M | $489M | 14.1% | 32.9% |
| Op. Income | $121M | $89M | $55M | 36.4% | 122.2% |
| Gross Margin | 69.7% | 71.9% | 67.7% | -2.2pp | 1.9pp |
| Net Margin | 3.5% | 6.2% | 38.6% | -2.8pp | -35.1pp |
| EPS (Diluted) | $0.32 | $0.50 | $2.59 | -36.0% | -87.6% |
| Free Cash Flow | $173M | $52M | $64M | 236.5% | 169.5% |
| Item | Amount |
|---|---|
| REVENUE | $649M |
| Cost of Revenue | $197M |
| GROSS PROFIT | $452M |
| R&D Expenses | $73M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $258M |
| Other Expenses | $0 |
| Operating Expenses | $331M |
| Cost & Expenses | $528M |
| OPERATING INCOME | $121M |
| Interest Income | $10M |
| Interest Expense | $20M |
| Other Income/Expenses | -$93M |
| INCOME BEFORE TAX | $28M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $22M |
| EBIT | $48M |
| EBITDA | $70M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $649M |
| Cost of Revenue | $197M |
| GROSS PROFIT | $452M |
| R&D Expenses | $73M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $258M |
| Other Expenses | $0 |
| Operating Expenses | $331M |
| Cost & Expenses | $528M |
| OPERATING INCOME | $121M |
| Interest Income | $10M |
| Interest Expense | $20M |
| Other Income/Expenses | -$93M |
| INCOME BEFORE TAX | $28M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $22M |
| EBIT | $48M |
| EBITDA | $70M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $23M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $91M |
| Change in Working Capital | $53M |
| OPERATING CASH FLOW | $197M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | -$382M |
| Common Stock Repurchased | -$30M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $74M |
| NET CASH FROM FINANCING | -$344M |
| FREE CASH FLOW | $173M |
| Net Change in Cash | -$162M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $993M |
| Short-Term Investments | $129M |
| Net Receivables | $445M |
| Inventory | $447M |
| Other Current Assets | $244M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $720M |
| Goodwill | $52M |
| Intangible Assets | $102M |
| Long-Term Investments | $19M |
| Tax Assets | $0 |
| Other Non-Current Assets | $319M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $3.5B |
| Account Payables | $96M |
| Short-Term Debt | $478M |
| Deferred Revenue | $17M |
| Other Current Liabilities | $286M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $939M |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $56M |
| TOTAL NON-CURRENT LIABILITIES | $996M |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $98M |
| Treasury Stock | -$31M |
| Accum. Other Comp. Income | $16M |
| Other Equity | -$100.0K |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $3.5B |
| Total Debt | $1.4B |
| Net Debt | $425M |
