| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $379M | $287M | $233M | 32.2% | 62.8% |
| Op. Income | $71M | -$10M | $35M | 834.3% | 102.7% |
| Gross Margin | 67.6% | 43.0% | 58.4% | 24.6pp | 9.2pp |
| Net Margin | 15.1% | -3.1% | 12.4% | 18.3pp | 2.7pp |
| EPS (Diluted) | $0.57 | $-0.15 | $0.44 | 480.0% | 29.5% |
| Free Cash Flow | $98M | -$31M | $19M | 419.6% | 415.6% |
| Item | Amount |
|---|---|
| REVENUE | $379M |
| Cost of Revenue | $123M |
| GROSS PROFIT | $256M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $84M |
| SG&A Expenses | $86M |
| Other Expenses | $99M |
| Operating Expenses | $185M |
| Cost & Expenses | $308M |
| OPERATING INCOME | $71M |
| Interest Income | $336M |
| Interest Expense | $120M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $71M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $57M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $55M |
| D&A | $9M |
| EBIT | $71M |
| EBITDA | $80M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $379M |
| Cost of Revenue | $123M |
| GROSS PROFIT | $256M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $84M |
| SG&A Expenses | $86M |
| Other Expenses | $99M |
| Operating Expenses | $185M |
| Cost & Expenses | $308M |
| OPERATING INCOME | $71M |
| Interest Income | $336M |
| Interest Expense | $120M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $71M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $57M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $55M |
| D&A | $9M |
| EBIT | $71M |
| EBITDA | $80M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $0 |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $105M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $105M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $97.0K |
| Purchases of Investments | -$220M |
| Sales/Maturities of Investments | $175M |
| Other Investing Activities | -$44M |
| NET CASH FROM INVESTING | -$97M |
| Net Debt Issuance | $230M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$35M |
| Other Financing Activities | -$133M |
| NET CASH FROM FINANCING | $57M |
| FREE CASH FLOW | $98M |
| Net Change in Cash | $65M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $248M |
| Net Receivables | $106M |
| Inventory | $0 |
| Other Current Assets | $3.0B |
| TOTAL CURRENT ASSETS | $4.5B |
| PP&E (Net) | $274M |
| Goodwill | $1.6B |
| Intangible Assets | $172M |
| Long-Term Investments | $22.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$22.9B |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $27.6B |
| Account Payables | $26M |
| Short-Term Debt | $104M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$26M |
| TOTAL CURRENT LIABILITIES | $104M |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $21.6B |
| TOTAL NON-CURRENT LIABILITIES | $23.8B |
| TOTAL LIABILITIES | $23.8B |
| Common Stock | $200M |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | $1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$176M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $27.6B |
| Total Debt | $2.2B |
| Net Debt | $1.1B |
