| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $314M | $234M | — | 34.0% | — |
| Op. Income | $18M | -$9M | — | 294.4% | — |
| Gross Margin | 23.6% | 18.6% | — | 5.0pp | — |
| Net Margin | -0.1% | -11.0% | — | 10.9pp | — |
| EPS (Diluted) | $-0.00 | $-0.21 | — | 99.1% | — |
| Free Cash Flow | -$15M | $28M | — | -151.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $314M |
| Cost of Revenue | $240M |
| GROSS PROFIT | $74M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $56M |
| Operating Expenses | $56M |
| Cost & Expenses | $296M |
| OPERATING INCOME | $18M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$233.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$233.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$233.0K |
| D&A | $30M |
| EBIT | $19M |
| EBITDA | $48M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$233.0K |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$36M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | -$9M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $450.0K |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | -$26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $130M |
| Short-Term Investments | $0 |
| Net Receivables | $258M |
| Inventory | $0 |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $399M |
| PP&E (Net) | $216M |
| Goodwill | $877M |
| Intangible Assets | $742M |
| Long-Term Investments | $0 |
| Tax Assets | $806.0K |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $2.2B |
| Account Payables | $22M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $119M |
| Long-Term Debt | $744M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $145M |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $944M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $12.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$133M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $813M |
| Net Debt | $683M |
