| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $540M | $524M | $574M | 3.0% | -5.8% |
| Op. Income | $77M | $27M | $56M | 178.8% | 37.5% |
| Gross Margin | 41.9% | 39.5% | 43.0% | 2.4pp | -1.1pp |
| Net Margin | -6.7% | -0.7% | 0.2% | -6.0pp | -6.9pp |
| EPS (Diluted) | $-0.59 | $-0.22 | $-0.15 | -168.2% | -293.3% |
| Free Cash Flow | -$23M | -$8M | $3M | -171.9% | -911.8% |
| Item | Amount |
|---|---|
| REVENUE | $540M |
| Cost of Revenue | $314M |
| GROSS PROFIT | $226M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $143M |
| SG&A Expenses | $143M |
| Other Expenses | $6M |
| Operating Expenses | $150M |
| Cost & Expenses | $463M |
| OPERATING INCOME | $77M |
| Interest Income | $0 |
| Interest Expense | $59M |
| Other Income/Expenses | -$102M |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | -$36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$52M |
| D&A | $37M |
| EBIT | $34M |
| EBITDA | $71M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$36M |
| Depreciation & Amortization | $37M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $20M |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $26M |
| NET CASH FROM INVESTING | $26M |
| Net Debt Issuance | -$427M |
| Common Stock Repurchased | -$64.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $419M |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $32M |
| Short-Term Investments | $0 |
| Net Receivables | $554M |
| Inventory | $0 |
| Other Current Assets | $38M |
| TOTAL CURRENT ASSETS | $624M |
| PP&E (Net) | $517M |
| Goodwill | $2.0B |
| Intangible Assets | $1.6B |
| Long-Term Investments | $15M |
| Tax Assets | $0 |
| Other Non-Current Assets | $373M |
| TOTAL NON-CURRENT ASSETS | $4.5B |
| TOTAL ASSETS | $5.1B |
| Account Payables | $67M |
| Short-Term Debt | $79M |
| Deferred Revenue | $17M |
| Other Current Liabilities | $70M |
| TOTAL CURRENT LIABILITIES | $492M |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $36M |
| Deferred Tax Liabilities | $277M |
| Other Non-Current Liabilities | $340M |
| TOTAL NON-CURRENT LIABILITIES | $3.3B |
| TOTAL LIABILITIES | $3.8B |
| Common Stock | $883.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$515M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$75M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $5.1B |
| Total Debt | $2.7B |
| Net Debt | $2.7B |
