| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $988M | $906M | $861M | 9.1% | 14.8% |
| Op. Income | -$964M | $64M | -$59M | -1606.3% | -1533.9% |
| Gross Margin | 39.4% | 31.8% | 38.0% | 7.6pp | 1.4pp |
| Net Margin | -94.9% | -8.7% | -14.3% | -86.2pp | -80.7pp |
| EPS (Diluted) | $-1.06 | $-0.11 | $-0.15 | -863.6% | -606.7% |
| Free Cash Flow | $104M | -$34M | $49M | 405.9% | 112.2% |
| Item | Amount |
|---|---|
| REVENUE | $988M |
| Cost of Revenue | $599M |
| GROSS PROFIT | $389M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $49M |
| SG&A Expenses | $49M |
| Other Expenses | $1.3B |
| Operating Expenses | $1.4B |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | -$964M |
| Interest Income | $10M |
| Interest Expense | $112M |
| Other Income/Expenses | -$129M |
| INCOME BEFORE TAX | -$1.1B |
| Income Tax Expense | -$155M |
| Net Income from Continuing Ops | -$938M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$938M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$938M |
| D&A | $175M |
| EBIT | $165M |
| EBITDA | $340M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$938M |
| Depreciation & Amortization | $175M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$172M |
| Other Non-Cash Items | $1.1B |
| Change in Working Capital | -$84M |
| OPERATING CASH FLOW | $128M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $12M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$30M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$35M |
| FREE CASH FLOW | $104M |
| Net Change in Cash | $81M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $772M |
| Short-Term Investments | $0 |
| Net Receivables | $577M |
| Inventory | $0 |
| Other Current Assets | $651M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $14.8B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $48M |
| Other Non-Current Assets | $1.0B |
| TOTAL NON-CURRENT ASSETS | $15.8B |
| TOTAL ASSETS | $17.8B |
| Account Payables | $253M |
| Short-Term Debt | $666M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $655M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $5.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $345M |
| Other Non-Current Liabilities | $645M |
| TOTAL NON-CURRENT LIABILITIES | $6.9B |
| TOTAL LIABILITIES | $8.5B |
| Common Stock | $90M |
| Additional Paid-In Capital | $15.0B |
| Retained Earnings | -$5.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$141M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.4B |
| Minority Interest | $1M |
| TOTAL EQUITY | $9.4B |
| TOTAL LIABILITIES & EQUITY | $17.8B |
| Total Debt | $6.6B |
| Net Debt | $5.8B |
