| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | — | $1.0B | — | 5.8% |
| Op. Income | $820M | — | $278M | — | 195.0% |
| Gross Margin | 90.4% | — | 88.2% | — | 2.2pp |
| Net Margin | 54.7% | — | 6.6% | — | 48.1pp |
| EPS (Diluted) | $8.50 | — | $0.96 | — | 785.4% |
| Free Cash Flow | -$48M | — | $72M | — | -166.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $104M |
| GROSS PROFIT | $983M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $464M |
| Other Expenses | -$301M |
| Operating Expenses | $163M |
| Cost & Expenses | $267M |
| OPERATING INCOME | $820M |
| Interest Income | $10M |
| Interest Expense | $129M |
| Other Income/Expenses | -$138M |
| INCOME BEFORE TAX | $682M |
| Income Tax Expense | $74M |
| Net Income from Continuing Ops | $608M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $595M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $595M |
| D&A | $196M |
| EBIT | $324M |
| EBITDA | $520M |
| EPS | $9 |
| EPS Diluted | $9 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $104M |
| GROSS PROFIT | $983M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $464M |
| Other Expenses | -$301M |
| Operating Expenses | $163M |
| Cost & Expenses | $267M |
| OPERATING INCOME | $820M |
| Interest Income | $10M |
| Interest Expense | $129M |
| Other Income/Expenses | -$138M |
| INCOME BEFORE TAX | $682M |
| Income Tax Expense | $74M |
| Net Income from Continuing Ops | $608M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $595M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $595M |
| D&A | $196M |
| EBIT | $324M |
| EBITDA | $520M |
| EPS | $9 |
| EPS Diluted | $9 |
| Item | Amount |
|---|---|
| Net Income | $595M |
| Depreciation & Amortization | $196M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$631M |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | $136M |
| Capital Expenditure | -$184M |
| Acquisitions (Net) | -$141M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $217M |
| NET CASH FROM INVESTING | -$108M |
| Net Debt Issuance | -$471M |
| Common Stock Repurchased | -$44M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$516M |
| FREE CASH FLOW | -$48M |
| Net Change in Cash | -$491M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $504M |
| Net Receivables | $516M |
| Inventory | $0 |
| Other Current Assets | $343M |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $3.4B |
| Goodwill | $382M |
| Intangible Assets | $1.2B |
| Long-Term Investments | $218M |
| Tax Assets | $0 |
| Other Non-Current Assets | $601M |
| TOTAL NON-CURRENT ASSETS | $5.8B |
| TOTAL ASSETS | $8.5B |
| Account Payables | $1.3B |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $493M |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $3.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $26M |
| Other Non-Current Liabilities | $97M |
| TOTAL NON-CURRENT LIABILITIES | $4.0B |
| TOTAL LIABILITIES | $7.0B |
| Common Stock | $2M |
| Additional Paid-In Capital | $12.8B |
| Retained Earnings | -$2.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $190M |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $8.5B |
| Total Debt | $4.9B |
| Net Debt | $3.6B |
