| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.3B | $1.2B | -4.2% | -0.4% |
| Op. Income | $66M | $129M | $80M | -48.8% | -17.5% |
| Gross Margin | 17.8% | 21.6% | 20.3% | -3.8pp | -2.5pp |
| Net Margin | 3.0% | 6.6% | 4.8% | -3.6pp | -1.8pp |
| EPS (Diluted) | $0.76 | $1.71 | $1.20 | -55.6% | -36.7% |
| Free Cash Flow | $77M | $96M | -$140M | -19.8% | 155.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $220M |
| R&D Expenses | $17M |
| Selling & Marketing | $68M |
| General & Administrative | $52M |
| SG&A Expenses | $120M |
| Other Expenses | $17M |
| Operating Expenses | $154M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $66M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $51M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $37M |
| D&A | $17M |
| EBIT | $66M |
| EBITDA | $83M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $220M |
| R&D Expenses | $17M |
| Selling & Marketing | $68M |
| General & Administrative | $52M |
| SG&A Expenses | $120M |
| Other Expenses | $17M |
| Operating Expenses | $154M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $66M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $51M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $37M |
| D&A | $17M |
| EBIT | $66M |
| EBITDA | $83M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $37M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | $75M |
| Capital Expenditure | $2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$14M |
| Sales/Maturities of Investments | $33M |
| Other Investing Activities | -$37M |
| NET CASH FROM INVESTING | $1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$14M |
| Other Financing Activities | $74M |
| NET CASH FROM FINANCING | $66M |
| FREE CASH FLOW | $77M |
| Net Change in Cash | $135M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $0 |
| Net Receivables | $499M |
| Inventory | $0 |
| Other Current Assets | $705M |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $49M |
| Goodwill | $461M |
| Intangible Assets | $148M |
| Long-Term Investments | $124M |
| Tax Assets | $0 |
| Other Non-Current Assets | $144M |
| TOTAL NON-CURRENT ASSETS | $926M |
| TOTAL ASSETS | $3.7B |
| Account Payables | $85M |
| Short-Term Debt | $93M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.5B |
| TOTAL CURRENT LIABILITIES | $2.5B |
| Long-Term Debt | $894M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $10M |
| Other Non-Current Liabilities | $121M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $3.6B |
| Common Stock | $1.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$988M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $107M |
| Minority Interest | $0 |
| TOTAL EQUITY | $107M |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $1.0B |
| Net Debt | -$473M |
