| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.3B | $1.2B | 3.2% | 10.9% |
| Op. Income | $109M | $139M | -$80M | -21.6% | 236.0% |
| Gross Margin | 9.8% | 13.0% | -5.3% | -3.2pp | 15.1pp |
| Net Margin | 6.5% | 8.6% | -5.3% | -2.1pp | 11.8pp |
| EPS (Diluted) | $1.36 | $1.76 | $-1.08 | -22.7% | 225.9% |
| Free Cash Flow | $160M | $271M | $258M | -41.1% | -38.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $130M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $21M |
| Operating Expenses | $21M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $109M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $109M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $84M |
| D&A | $7M |
| EBIT | $122M |
| EBITDA | $129M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $130M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $21M |
| Operating Expenses | $21M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $109M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $109M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $84M |
| D&A | $7M |
| EBIT | $122M |
| EBITDA | $129M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $86M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $348.0K |
| Change in Working Capital | $69M |
| OPERATING CASH FLOW | $167M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.2B |
| Sales/Maturities of Investments | $3.0B |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | -$215M |
| Net Debt Issuance | -$712.0K |
| Common Stock Repurchased | -$258.0K |
| Common Dividends Paid | -$23M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$22M |
| FREE CASH FLOW | $160M |
| Net Change in Cash | -$70M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $357.0K |
| Short-Term Investments | $8.9B |
| Net Receivables | $2.6B |
| Inventory | $0 |
| Other Current Assets | -$895M |
| TOTAL CURRENT ASSETS | $10.5B |
| PP&E (Net) | $100M |
| Goodwill | $8M |
| Intangible Assets | $0 |
| Long-Term Investments | $9.8B |
| Tax Assets | $121M |
| Other Non-Current Assets | -$9.9B |
| TOTAL NON-CURRENT ASSETS | $108M |
| TOTAL ASSETS | $14.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$95M |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $898M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$903M |
| TOTAL NON-CURRENT LIABILITIES | $11.1B |
| TOTAL LIABILITIES | $11.1B |
| Common Stock | $212M |
| Additional Paid-In Capital | $580M |
| Retained Earnings | $3.3B |
| Treasury Stock | -$676M |
| Accum. Other Comp. Income | -$231M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $14.5B |
| Total Debt | $903M |
| Net Debt | $902M |
