| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $883M | $938M | $908M | -5.8% | -2.8% |
| Op. Income | $69M | $100M | $60M | -30.8% | 16.4% |
| Gross Margin | 52.0% | 50.8% | 51.0% | 1.1pp | 1.0pp |
| Net Margin | 4.4% | 6.5% | 3.2% | -2.1pp | 1.2pp |
| EPS (Diluted) | $0.38 | $0.58 | $0.27 | -34.5% | 40.7% |
| Free Cash Flow | $32M | $13M | $23M | 140.5% | 40.9% |
| Item | Amount |
|---|---|
| REVENUE | $883M |
| Cost of Revenue | $424M |
| GROSS PROFIT | $459M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $389M |
| Operating Expenses | $389M |
| Cost & Expenses | $814M |
| OPERATING INCOME | $69M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $53M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $25M |
| EBIT | $72M |
| EBITDA | $97M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $883M |
| Cost of Revenue | $424M |
| GROSS PROFIT | $459M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $389M |
| Operating Expenses | $389M |
| Cost & Expenses | $814M |
| OPERATING INCOME | $69M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $53M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $25M |
| EBIT | $72M |
| EBITDA | $97M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $39M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | $51M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | -$36M |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $285.0K |
| NET CASH FROM FINANCING | -$46M |
| FREE CASH FLOW | $32M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $92M |
| Short-Term Investments | $0 |
| Net Receivables | $95M |
| Inventory | $1.0B |
| Other Current Assets | $45M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $839M |
| Goodwill | $534M |
| Intangible Assets | $56M |
| Long-Term Investments | $365.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $38M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $217M |
| Short-Term Debt | $4M |
| Deferred Revenue | $17M |
| Other Current Liabilities | $74M |
| TOTAL CURRENT LIABILITIES | $533M |
| Long-Term Debt | $903M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $88M |
| Other Non-Current Liabilities | $21M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $1M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $826M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$127M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $700M |
| Minority Interest | $0 |
| TOTAL EQUITY | $700M |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $1.5B |
| Net Debt | $1.4B |
