| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $503M | $470M | $299M | 7.0% | 68.3% |
| Op. Income | $330M | $291M | $169M | 13.4% | 95.1% |
| Gross Margin | 70.2% | 67.8% | 62.3% | 2.3pp | 7.9pp |
| Net Margin | 58.1% | 54.0% | 40.9% | 4.1pp | 17.2pp |
| EPS (Diluted) | $0.64 | $0.56 | $0.27 | 14.3% | 137.0% |
| Free Cash Flow | $67M | $265M | $189M | -74.7% | -64.5% |
| Item | Amount |
|---|---|
| REVENUE | $503M |
| Cost of Revenue | $150M |
| GROSS PROFIT | $353M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $3M |
| Operating Expenses | $23M |
| Cost & Expenses | $174M |
| OPERATING INCOME | $330M |
| Interest Income | $9M |
| Interest Expense | $1M |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $338M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $292M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $292M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $292M |
| D&A | $75M |
| EBIT | $338M |
| EBITDA | $413M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $503M |
| Cost of Revenue | $150M |
| GROSS PROFIT | $353M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $3M |
| Operating Expenses | $23M |
| Cost & Expenses | $174M |
| OPERATING INCOME | $330M |
| Interest Income | $9M |
| Interest Expense | $1M |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $338M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $292M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $292M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $292M |
| D&A | $75M |
| EBIT | $338M |
| EBITDA | $413M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $292M |
| Depreciation & Amortization | $75M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $46M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $415M |
| Capital Expenditure | -$348M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $56.0K |
| NET CASH FROM INVESTING | -$348M |
| Net Debt Issuance | -$89.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$148M |
| Other Financing Activities | -$883.7K |
| NET CASH FROM FINANCING | -$147M |
| FREE CASH FLOW | $67M |
| Net Change in Cash | -$80M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $0 |
| Net Receivables | $16M |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $6.8B |
| Goodwill | $0 |
| Intangible Assets | $1M |
| Long-Term Investments | $172M |
| Tax Assets | $0 |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $7.0B |
| TOTAL ASSETS | $8.0B |
| Account Payables | $8M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $139M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $386.0K |
| Other Non-Current Liabilities | $109M |
| TOTAL NON-CURRENT LIABILITIES | $118M |
| TOTAL LIABILITIES | $257M |
| Common Stock | $3.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$35M |
| Other Equity | $30M |
| TOTAL STOCKHOLDERS' EQUITY | $7.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.7B |
| TOTAL LIABILITIES & EQUITY | $8.0B |
| Total Debt | $8M |
| Net Debt | -$998M |
