| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $394M | $263M | — | 50.2% | — |
| Op. Income | $29M | -$130M | — | 122.3% | — |
| Gross Margin | 58.6% | 47.8% | — | 10.8pp | — |
| Net Margin | 16.4% | -38.5% | — | 55.0pp | — |
| EPS (Diluted) | $1.38 | $-2.80 | — | 149.3% | — |
| Free Cash Flow | $165M | $111M | — | 48.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $394M |
| Cost of Revenue | $163M |
| GROSS PROFIT | $231M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $115M |
| Other Expenses | $87M |
| Operating Expenses | $202M |
| Cost & Expenses | $365M |
| OPERATING INCOME | $29M |
| Interest Income | $3M |
| Interest Expense | $9M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | -$42M |
| Net Income from Continuing Ops | $65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $65M |
| D&A | $84M |
| EBIT | $32M |
| EBITDA | $116M |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $394M |
| Cost of Revenue | $163M |
| GROSS PROFIT | $231M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $115M |
| Other Expenses | $87M |
| Operating Expenses | $202M |
| Cost & Expenses | $365M |
| OPERATING INCOME | $29M |
| Interest Income | $3M |
| Interest Expense | $9M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | -$42M |
| Net Income from Continuing Ops | $65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $65M |
| D&A | $84M |
| EBIT | $32M |
| EBITDA | $116M |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $65M |
| Depreciation & Amortization | $84M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$43M |
| Other Non-Cash Items | $16M |
| Change in Working Capital | $48M |
| OPERATING CASH FLOW | $180M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$75.0K |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | -$45M |
| Common Stock Repurchased | $16.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$41M |
| FREE CASH FLOW | $165M |
| Net Change in Cash | $123M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $508M |
| Short-Term Investments | $0 |
| Net Receivables | $207M |
| Inventory | $14M |
| Other Current Assets | $42M |
| TOTAL CURRENT ASSETS | $810M |
| PP&E (Net) | $2.8B |
| Goodwill | $345M |
| Intangible Assets | $22M |
| Long-Term Investments | $39M |
| Tax Assets | $0 |
| Other Non-Current Assets | $192M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $4.2B |
| Account Payables | $25M |
| Short-Term Debt | $63M |
| Deferred Revenue | $193M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $743M |
| Long-Term Debt | $767M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $172M |
| Other Non-Current Liabilities | $180M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $366.0K |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | -$186M |
| Treasury Stock | -$50M |
| Accum. Other Comp. Income | -$782.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $4.2B |
| Total Debt | $961M |
| Net Debt | $454M |
