| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.1B | $9.4B | $11.0B | -4.0% | -17.7% |
| Op. Income | $74M | $46M | $100M | 60.7% | -26.7% |
| Gross Margin | 1.6% | 1.3% | 1.6% | 0.3pp | -0.0pp |
| Net Margin | -3.7% | -0.2% | 1.0% | -3.5pp | -4.7pp |
| EPS (Diluted) | $-6.01 | $-0.37 | $1.81 | -1524.3% | -432.0% |
| Free Cash Flow | $13M | $99M | $101M | -86.6% | -86.8% |
| Item | Amount |
|---|---|
| REVENUE | $9.1B |
| Cost of Revenue | $8.9B |
| GROSS PROFIT | $141M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $67M |
| Other Expenses | $0 |
| Operating Expenses | $67M |
| Cost & Expenses | $9.0B |
| OPERATING INCOME | $74M |
| Interest Income | $3M |
| Interest Expense | $28M |
| Other Income/Expenses | -$522M |
| INCOME BEFORE TAX | -$449M |
| Income Tax Expense | -$110M |
| Net Income from Continuing Ops | -$339M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$339M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$339M |
| D&A | $24M |
| EBIT | -$420M |
| EBITDA | -$396M |
| EPS | -$6 |
| EPS Diluted | -$6 |
| Item | Amount |
|---|---|
| Net Income | -$339M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$107M |
| Other Non-Cash Items | $527M |
| Change in Working Capital | -$79M |
| OPERATING CASH FLOW | $28M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $16M |
| NET CASH FROM INVESTING | $1M |
| Net Debt Issuance | -$50M |
| Common Stock Repurchased | -$35M |
| Common Dividends Paid | -$10M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$99M |
| FREE CASH FLOW | $13M |
| Net Change in Cash | -$53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $403M |
| Short-Term Investments | $0 |
| Net Receivables | $2.1B |
| Inventory | $475M |
| Other Current Assets | $474M |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $451M |
| Goodwill | $826M |
| Intangible Assets | $248M |
| Long-Term Investments | $50M |
| Tax Assets | $0 |
| Other Non-Current Assets | $908M |
| TOTAL NON-CURRENT ASSETS | $2.5B |
| TOTAL ASSETS | $6.1B |
| Account Payables | $2.5B |
| Short-Term Debt | $43M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $569M |
| TOTAL CURRENT LIABILITIES | $3.1B |
| Long-Term Debt | $759M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $525M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $4.4B |
| Common Stock | $600.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $6M |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $6.1B |
| Total Debt | $818M |
| Net Debt | $415M |
