| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $230M | $214M | $381M | 7.6% | -39.5% |
| Op. Income | $79M | $60M | $254M | 30.9% | -68.8% |
| Gross Margin | 47.2% | 41.6% | 65.0% | 5.7pp | -17.8pp |
| Net Margin | 31.9% | 27.2% | 59.7% | 4.7pp | -27.8pp |
| EPS (Diluted) | $1.53 | $1.22 | $4.34 | 25.4% | -64.7% |
| Free Cash Flow | $104M | $39M | $258M | 165.6% | -59.6% |
| Item | Amount |
|---|---|
| REVENUE | $230M |
| Cost of Revenue | $122M |
| GROSS PROFIT | $109M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $30M |
| SG&A Expenses | $30M |
| Other Expenses | $0 |
| Operating Expenses | $30M |
| Cost & Expenses | $151M |
| OPERATING INCOME | $79M |
| Interest Income | $5M |
| Interest Expense | $21M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $74M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $74M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $74M |
| D&A | $45M |
| EBIT | $89M |
| EBITDA | $134M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $230M |
| Cost of Revenue | $122M |
| GROSS PROFIT | $109M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $30M |
| SG&A Expenses | $30M |
| Other Expenses | $0 |
| Operating Expenses | $30M |
| Cost & Expenses | $151M |
| OPERATING INCOME | $79M |
| Interest Income | $5M |
| Interest Expense | $21M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $74M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $74M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $74M |
| D&A | $45M |
| EBIT | $89M |
| EBITDA | $134M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $74M |
| Depreciation & Amortization | $45M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $128M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $33M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | $8M |
| Net Debt Issuance | -$65M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$20M |
| Other Financing Activities | -$166.0K |
| NET CASH FROM FINANCING | -$85M |
| FREE CASH FLOW | $104M |
| Net Change in Cash | $51M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $471M |
| Short-Term Investments | $95M |
| Net Receivables | $167M |
| Inventory | $19M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $763M |
| PP&E (Net) | $3.1B |
| Goodwill | $8M |
| Intangible Assets | $0 |
| Long-Term Investments | $13M |
| Tax Assets | $0 |
| Other Non-Current Assets | $53M |
| TOTAL NON-CURRENT ASSETS | $3.2B |
| TOTAL ASSETS | $4.0B |
| Account Payables | $25M |
| Short-Term Debt | $31M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $154M |
| Long-Term Debt | $808M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $832M |
| TOTAL LIABILITIES | $987M |
| Common Stock | $771.0K |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | $1.3B |
| Treasury Stock | -$1.5B |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $4.0B |
| Total Debt | $910M |
| Net Debt | $439M |
