| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $351M | $255M | $259M | 37.6% | 35.6% |
| Op. Income | $3M | $52M | $49M | -94.9% | -94.5% |
| Gross Margin | 41.2% | 64.4% | 62.0% | -23.1pp | -20.7pp |
| Net Margin | 0.3% | 16.3% | 15.0% | -16.0pp | -14.7pp |
| EPS (Diluted) | $0.01 | $0.65 | $0.69 | -98.4% | -98.4% |
| Free Cash Flow | -$87M | $101M | -$53M | -186.3% | -66.4% |
| Item | Amount |
|---|---|
| REVENUE | $351M |
| Cost of Revenue | $206M |
| GROSS PROFIT | $145M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $117M |
| SG&A Expenses | $117M |
| Other Expenses | $25M |
| Operating Expenses | $142M |
| Cost & Expenses | $349M |
| OPERATING INCOME | $3M |
| Interest Income | $344M |
| Interest Expense | $125M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $3M |
| EBIT | $3M |
| EBITDA | $6M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $351M |
| Cost of Revenue | $206M |
| GROSS PROFIT | $145M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $117M |
| SG&A Expenses | $117M |
| Other Expenses | $25M |
| Operating Expenses | $142M |
| Cost & Expenses | $349M |
| OPERATING INCOME | $3M |
| Interest Income | $344M |
| Interest Expense | $125M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $3M |
| EBIT | $3M |
| EBITDA | $6M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$38M |
| Change in Working Capital | -$46M |
| OPERATING CASH FLOW | -$77M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$770M |
| Sales/Maturities of Investments | $795M |
| Other Investing Activities | $15M |
| NET CASH FROM INVESTING | $30M |
| Net Debt Issuance | -$916.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$21M |
| Other Financing Activities | $357M |
| NET CASH FROM FINANCING | $335M |
| FREE CASH FLOW | -$87M |
| Net Change in Cash | $287M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $22M |
| Net Receivables | $93M |
| Inventory | $0 |
| Other Current Assets | $1.3B |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $465M |
| Goodwill | $1.4B |
| Intangible Assets | $164M |
| Long-Term Investments | $22.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$22.1B |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $26.6B |
| Account Payables | $0 |
| Short-Term Debt | $405M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21.6B |
| TOTAL CURRENT LIABILITIES | $22.0B |
| Long-Term Debt | $557M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $301M |
| TOTAL NON-CURRENT LIABILITIES | $858M |
| TOTAL LIABILITIES | $22.8B |
| Common Stock | $489M |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $1.1B |
| Treasury Stock | -$90M |
| Accum. Other Comp. Income | -$114M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $26.6B |
| Total Debt | $962M |
| Net Debt | -$416M |
