| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.4B | $1.5B | 1.3% | -7.0% |
| Op. Income | $2M | $39M | $76M | -96.0% | -98.0% |
| Gross Margin | 37.2% | 35.3% | 38.3% | 1.9pp | -1.1pp |
| Net Margin | 3.0% | 1.3% | 4.6% | 1.7pp | -1.6pp |
| EPS (Diluted) | $0.41 | $0.17 | $0.66 | 141.2% | -37.9% |
| Free Cash Flow | $104M | -$72M | $130M | 245.2% | -19.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $860M |
| GROSS PROFIT | $509M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $508M |
| Other Expenses | $0 |
| Operating Expenses | $508M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $2M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $60M |
| INCOME BEFORE TAX | $61M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $41M |
| D&A | $13M |
| EBIT | $2M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $860M |
| GROSS PROFIT | $509M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $508M |
| Other Expenses | $0 |
| Operating Expenses | $508M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $2M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $60M |
| INCOME BEFORE TAX | $61M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $41M |
| D&A | $13M |
| EBIT | $2M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $41M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$53M |
| Change in Working Capital | $98M |
| OPERATING CASH FLOW | $119M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $18M |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$21M |
| Common Dividends Paid | -$59M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$80M |
| FREE CASH FLOW | $104M |
| Net Change in Cash | $38M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $381M |
| Short-Term Investments | $0 |
| Net Receivables | $827M |
| Inventory | $0 |
| Other Current Assets | $799M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $333M |
| Goodwill | $251M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $157M |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $754M |
| TOTAL ASSETS | $2.8B |
| Account Payables | $132M |
| Short-Term Debt | $69M |
| Deferred Revenue | $17M |
| Other Current Liabilities | $29M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $174M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$151M |
| TOTAL NON-CURRENT LIABILITIES | $198M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $102.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$30M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $418M |
| Net Debt | $37M |
