| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $948M | $867M | 9.1% | 19.4% |
| Op. Income | $170M | $139M | $120M | 22.1% | 42.2% |
| Gross Margin | 25.2% | 23.2% | 22.1% | 2.0pp | 3.1pp |
| Net Margin | 11.6% | 10.6% | 8.7% | 1.0pp | 2.9pp |
| EPS (Diluted) | $2.90 | $2.42 | $1.82 | 19.8% | 59.3% |
| Free Cash Flow | $63M | $93M | $141M | -32.4% | -55.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $774M |
| GROSS PROFIT | $261M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $91M |
| Operating Expenses | $91M |
| Cost & Expenses | $865M |
| OPERATING INCOME | $170M |
| Interest Income | $11M |
| Interest Expense | $27M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $163M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $120M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $120M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $120M |
| D&A | $90M |
| EBIT | $190M |
| EBITDA | $280M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $774M |
| GROSS PROFIT | $261M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $91M |
| Operating Expenses | $91M |
| Cost & Expenses | $865M |
| OPERATING INCOME | $170M |
| Interest Income | $11M |
| Interest Expense | $27M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $163M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $120M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $120M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $120M |
| D&A | $90M |
| EBIT | $190M |
| EBITDA | $280M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $120M |
| Depreciation & Amortization | $90M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $47M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $257M |
| Capital Expenditure | -$194M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$402M |
| Sales/Maturities of Investments | $295M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$307M |
| Net Debt Issuance | -$64M |
| Common Stock Repurchased | -$17M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$192.0K |
| NET CASH FROM FINANCING | -$81M |
| FREE CASH FLOW | $63M |
| Net Change in Cash | -$131M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $48M |
| Short-Term Investments | $679M |
| Net Receivables | $152M |
| Inventory | $146M |
| Other Current Assets | $37M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $5.8B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $351M |
| TOTAL NON-CURRENT ASSETS | $6.1B |
| TOTAL ASSETS | $7.2B |
| Account Payables | $557M |
| Short-Term Debt | $491M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $147M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $838M |
| Other Non-Current Liabilities | $230M |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $4.6B |
| Common Stock | $788M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.8B |
| Treasury Stock | -$1.0B |
| Accum. Other Comp. Income | $17.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $7.2B |
| Total Debt | $2.6B |
| Net Debt | $2.5B |
