| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $611M | $745M | $363M | -18.0% | 68.4% |
| Op. Income | $116M | -$300M | -$701.0K | 138.5% | 16587.4% |
| Gross Margin | 75.0% | 81.5% | 87.7% | -6.5pp | -12.7pp |
| Net Margin | 32.2% | -60.1% | 1.8% | 92.3pp | 30.4pp |
| EPS (Diluted) | $1.89 | $-4.60 | $0.07 | 141.1% | 2600.0% |
| Free Cash Flow | $229M | -$629M | -$14M | 136.4% | 1712.3% |
| Item | Amount |
|---|---|
| REVENUE | $611M |
| Cost of Revenue | $153M |
| GROSS PROFIT | $459M |
| R&D Expenses | $204M |
| Selling & Marketing | $0 |
| General & Administrative | $138M |
| SG&A Expenses | $138M |
| Other Expenses | $667.0K |
| Operating Expenses | $343M |
| Cost & Expenses | $496M |
| OPERATING INCOME | $116M |
| Interest Income | $7M |
| Interest Expense | $5M |
| Other Income/Expenses | $38M |
| INCOME BEFORE TAX | $154M |
| Income Tax Expense | -$43M |
| Net Income from Continuing Ops | $197M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $197M |
| Net Income Deductions | -$4M |
| BOTTOM LINE NET INCOME | $201M |
| D&A | $11M |
| EBIT | $159M |
| EBITDA | $170M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $611M |
| Cost of Revenue | $153M |
| GROSS PROFIT | $459M |
| R&D Expenses | $204M |
| Selling & Marketing | $0 |
| General & Administrative | $138M |
| SG&A Expenses | $138M |
| Other Expenses | $667.0K |
| Operating Expenses | $343M |
| Cost & Expenses | $496M |
| OPERATING INCOME | $116M |
| Interest Income | $7M |
| Interest Expense | $5M |
| Other Income/Expenses | $38M |
| INCOME BEFORE TAX | $154M |
| Income Tax Expense | -$43M |
| Net Income from Continuing Ops | $197M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $197M |
| Net Income Deductions | -$4M |
| BOTTOM LINE NET INCOME | $201M |
| D&A | $11M |
| EBIT | $159M |
| EBITDA | $170M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $197M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $37M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$33M |
| Change in Working Capital | $50M |
| OPERATING CASH FLOW | $261M |
| Capital Expenditure | -$32M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $69M |
| Other Investing Activities | -$188.0K |
| NET CASH FROM INVESTING | $32M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$24M |
| NET CASH FROM FINANCING | -$24M |
| FREE CASH FLOW | $229M |
| Net Change in Cash | $270M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $511M |
| Short-Term Investments | $290M |
| Net Receivables | $610M |
| Inventory | $994M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $515M |
| Goodwill | $0 |
| Intangible Assets | $31M |
| Long-Term Investments | $35M |
| Tax Assets | $0 |
| Other Non-Current Assets | $443M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $3.7B |
| Account Payables | $137M |
| Short-Term Debt | $0 |
| Deferred Revenue | $395M |
| Other Current Liabilities | $211M |
| TOTAL CURRENT LIABILITIES | $920M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $49M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $5.8B |
| Retained Earnings | -$4.5B |
| Treasury Stock | -$25M |
| Accum. Other Comp. Income | -$51.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $1.4B |
| Net Debt | $843M |
