| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.3B | $2.7B | $3.1B | 19.9% | 5.0% |
| Op. Income | $17M | -$122M | -$35M | 113.9% | 148.6% |
| Gross Margin | 30.1% | 30.7% | 30.2% | -0.6pp | -0.1pp |
| Net Margin | 0.5% | -4.1% | -1.3% | 4.6pp | 1.8pp |
| EPS (Diluted) | $0.12 | $-0.89 | $-0.34 | 113.5% | 135.3% |
| Free Cash Flow | $260M | -$101M | $183M | 357.4% | 42.1% |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $984M |
| R&D Expenses | $0 |
| Selling & Marketing | $372M |
| General & Administrative | $465M |
| SG&A Expenses | $837M |
| Other Expenses | $130M |
| Operating Expenses | $967M |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $17M |
| Interest Income | $0 |
| Interest Expense | $29M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $78M |
| EBIT | $46M |
| EBITDA | $124M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $984M |
| R&D Expenses | $0 |
| Selling & Marketing | $372M |
| General & Administrative | $465M |
| SG&A Expenses | $837M |
| Other Expenses | $130M |
| Operating Expenses | $967M |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $17M |
| Interest Income | $0 |
| Interest Expense | $29M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $78M |
| EBIT | $46M |
| EBITDA | $124M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $78M |
| Stock-Based Compensation | $100M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $16M |
| Change in Working Capital | $64M |
| OPERATING CASH FLOW | $273M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$37M |
| Sales/Maturities of Investments | $14M |
| Other Investing Activities | -$30M |
| NET CASH FROM INVESTING | -$66M |
| Net Debt Issuance | -$191M |
| Common Stock Repurchased | -$9M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$200M |
| FREE CASH FLOW | $260M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $52M |
| Net Receivables | $110M |
| Inventory | $89M |
| Other Current Assets | $233M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $1.4B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $60M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $3.3B |
| Account Payables | $1.1B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $2.2B |
| Long-Term Debt | $2.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $3.8B |
| TOTAL LIABILITIES | $6.0B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$4.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$32M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$2.7B |
| TOTAL LIABILITIES & EQUITY | $3.3B |
| Total Debt | $3.8B |
| Net Debt | $2.4B |
