| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $732M | — | $740M | — | -1.1% |
| Op. Income | $75M | — | $129M | — | -41.9% |
| Gross Margin | 29.8% | — | 34.5% | — | -4.7pp |
| Net Margin | 8.6% | — | 15.4% | — | -6.8pp |
| EPS (Diluted) | $0.50 | — | $0.57 | — | -12.3% |
| Free Cash Flow | $58M | — | -$152M | — | 138.2% |
| Item | Amount |
|---|---|
| REVENUE | $732M |
| Cost of Revenue | $514M |
| GROSS PROFIT | $218M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $71M |
| SG&A Expenses | $71M |
| Other Expenses | $72M |
| Operating Expenses | $143M |
| Cost & Expenses | $657M |
| OPERATING INCOME | $75M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $75M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $63M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $63M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $59M |
| D&A | $3M |
| EBIT | $96M |
| EBITDA | $99M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $732M |
| Cost of Revenue | $514M |
| GROSS PROFIT | $218M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $71M |
| SG&A Expenses | $71M |
| Other Expenses | $72M |
| Operating Expenses | $143M |
| Cost & Expenses | $657M |
| OPERATING INCOME | $75M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $75M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $63M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $63M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $59M |
| D&A | $3M |
| EBIT | $96M |
| EBITDA | $99M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $63M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | $58M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | -$500.0K |
| Purchases of Investments | -$387M |
| Sales/Maturities of Investments | $329M |
| Other Investing Activities | $13M |
| NET CASH FROM INVESTING | -$46M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | -$15M |
| FREE CASH FLOW | $58M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $732M |
| Short-Term Investments | $2.9B |
| Net Receivables | $4.6B |
| Inventory | $0 |
| Other Current Assets | -$8.7B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $515M |
| Long-Term Investments | $2.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $9.5B |
| TOTAL NON-CURRENT ASSETS | $12.4B |
| TOTAL ASSETS | $12.4B |
| Account Payables | $1.5B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7.8B |
| TOTAL CURRENT LIABILITIES | $9.3B |
| Long-Term Debt | $678M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $90M |
| Other Non-Current Liabilities | $171M |
| TOTAL NON-CURRENT LIABILITIES | $939M |
| TOTAL LIABILITIES | $10.2B |
| Common Stock | $12M |
| Additional Paid-In Capital | $946M |
| Retained Earnings | $902M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $47M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $1M |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $12.4B |
| Total Debt | $678M |
| Net Debt | -$54M |
