| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $700M | $846M | $510M | -17.3% | 37.2% |
| Op. Income | $187M | $311M | $32M | -39.7% | 483.2% |
| Gross Margin | 35.1% | 43.3% | 16.5% | -8.2pp | 18.6pp |
| Net Margin | 34.0% | 11.5% | 5.6% | 22.5pp | 28.3pp |
| EPS (Diluted) | $0.99 | $0.40 | $0.12 | 147.5% | 725.0% |
| Free Cash Flow | $177M | $172M | -$18M | 2.6% | 1098.5% |
| Item | Amount |
|---|---|
| REVENUE | $700M |
| Cost of Revenue | $454M |
| GROSS PROFIT | $245M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $42M |
| SG&A Expenses | $42M |
| Other Expenses | $16M |
| Operating Expenses | $58M |
| Cost & Expenses | $512M |
| OPERATING INCOME | $187M |
| Interest Income | $202.0K |
| Interest Expense | $27M |
| Other Income/Expenses | $115M |
| INCOME BEFORE TAX | $302M |
| Income Tax Expense | $64M |
| Net Income from Continuing Ops | $238M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $238M |
| Net Income Deductions | -$4.0K |
| BOTTOM LINE NET INCOME | $237M |
| D&A | $92M |
| EBIT | $329M |
| EBITDA | $420M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $700M |
| Cost of Revenue | $454M |
| GROSS PROFIT | $245M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $42M |
| SG&A Expenses | $42M |
| Other Expenses | $16M |
| Operating Expenses | $58M |
| Cost & Expenses | $512M |
| OPERATING INCOME | $187M |
| Interest Income | $202.0K |
| Interest Expense | $27M |
| Other Income/Expenses | $115M |
| INCOME BEFORE TAX | $302M |
| Income Tax Expense | $64M |
| Net Income from Continuing Ops | $238M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $238M |
| Net Income Deductions | -$4.0K |
| BOTTOM LINE NET INCOME | $237M |
| D&A | $92M |
| EBIT | $329M |
| EBITDA | $420M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $237M |
| Depreciation & Amortization | $98M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $60M |
| Other Non-Cash Items | -$102M |
| Change in Working Capital | $43M |
| OPERATING CASH FLOW | $336M |
| Capital Expenditure | -$159M |
| Acquisitions (Net) | $99.0K |
| Purchases of Investments | -$13M |
| Sales/Maturities of Investments | $23M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$150M |
| Net Debt Issuance | -$465M |
| Common Stock Repurchased | -$53M |
| Common Dividends Paid | -$21M |
| Other Financing Activities | -$123.0K |
| NET CASH FROM FINANCING | -$531M |
| FREE CASH FLOW | $177M |
| Net Change in Cash | -$344M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $134.0K |
| Short-Term Investments | $0 |
| Net Receivables | $234M |
| Inventory | $0 |
| Other Current Assets | $38M |
| TOTAL CURRENT ASSETS | $273M |
| PP&E (Net) | $6.5B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $293M |
| TOTAL NON-CURRENT ASSETS | $6.8B |
| TOTAL ASSETS | $7.1B |
| Account Payables | $124M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $89M |
| TOTAL CURRENT LIABILITIES | $581M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $612M |
| Other Non-Current Liabilities | $463M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $3M |
| Additional Paid-In Capital | $5.9B |
| Retained Earnings | -$1.2B |
| Treasury Stock | -$635M |
| Accum. Other Comp. Income | $582.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $7.1B |
| Total Debt | $1.4B |
| Net Debt | $1.4B |
