| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $428M | $401M | $440M | 6.8% | -2.7% |
| Op. Income | $21M | $10M | $37M | 99.2% | -43.7% |
| Gross Margin | 55.6% | 56.6% | 58.2% | -1.0pp | -2.6pp |
| Net Margin | -11.7% | -4.9% | -0.3% | -6.9pp | -11.4pp |
| EPS (Diluted) | $-0.85 | $-0.33 | $-0.02 | -157.6% | -3501.7% |
| Free Cash Flow | $4M | $25M | $24M | -83.5% | -82.4% |
| Item | Amount |
|---|---|
| REVENUE | $428M |
| Cost of Revenue | $190M |
| GROSS PROFIT | $238M |
| R&D Expenses | $13.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $217M |
| Operating Expenses | $217M |
| Cost & Expenses | $408M |
| OPERATING INCOME | $21M |
| Interest Income | $0 |
| Interest Expense | $35M |
| Other Income/Expenses | -$41M |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | -$50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$50M |
| D&A | $68M |
| EBIT | $27M |
| EBITDA | $96M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$50M |
| Depreciation & Amortization | $68M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $20M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | $40M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | -$37M |
| NET CASH FROM INVESTING | -$38M |
| Net Debt Issuance | $66M |
| Common Stock Repurchased | -$29M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$26M |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | $89M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $266M |
| Short-Term Investments | $0 |
| Net Receivables | $322M |
| Inventory | $0 |
| Other Current Assets | $1.1B |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $69M |
| Goodwill | $2.1B |
| Intangible Assets | $950M |
| Long-Term Investments | $3M |
| Tax Assets | $91M |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $3.2B |
| TOTAL ASSETS | $4.9B |
| Account Payables | $197M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $103M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $762.0K |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | -$2.3B |
| Treasury Stock | -$72M |
| Accum. Other Comp. Income | -$22M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $807M |
| Minority Interest | $0 |
| TOTAL EQUITY | $807M |
| TOTAL LIABILITIES & EQUITY | $4.9B |
| Total Debt | $2.6B |
| Net Debt | $2.3B |
