Revenue and margin profile:
- Revenue: 917,077 (USD thousands) for QQ2 2025. Gross Profit: 372,582; Gross Margin: 40.63%.
- EBITDA: 201,780; EBITDA Margin: 22.00% (EBITDARatio 0.2200). Operating Income: 195,782; Operating Margin: 21.35% (OperatingIncomeRatio 0.2135).
- Net Income: 186,807; Net Margin: 20.37% (NetIncomeRatio 0.2037).
- Earnings per share: not disclosed (EPS and diluted EPS are null in the data).
Cash flow and liquidity:
- Net cash provided by operating activities: 119,375. Free cash flow (per reported data): 119,375.
- Cash at end of period: 63,896; Cash at beginning: 292,861; Net change in cash: -228,965.
- Working capital and liquidity ratios (as of 2024-12-31 data): Current Ratio 0.0810; Quick Ratio 0.0810; Cash Ratio 0.0097. These metrics indicate a materially strained short-term liquidity profile despite positive quarterly cash flow from operations.
Balance sheet breadth:
- Total assets: 8,599,152; Total liabilities: 6,623,325; Total stockholders’ equity: 1,975,827.
- Intangibles and goodwill: Goodwill 7,685,636; Intangible Assets 25,000; Goodwill and Intangible Assets combined 7,710,636, suggesting a high intangible asset burden and potential impairment risk depending on future performance.
- Leverage and coverage: Debt ratio 0.0410; Debt-to-equity 0.179; Interest Coverage 21.81x.
- Scale of equity base: Weighted average shares outstanding 14,688,440,097; Earnings per share not reported.
Valuation and market metrics:
- Price-to-Sales: 3.20; Price-to-Book: 1.49; Price-to-Earnings: 3.93.
- Enterprise Value Multiple: 15.99.
- Dividend payout: 0; Payout ratio effectively zero for this period.
Commentary on pace and trajectory:
- QoQ revenue growth: 36.99% (indicating a strong top-line uptick for QQ2 2025 vs prior quarter).
- QoQ net income: -27.18% (reflecting quarter-on-quarter variability in profitability despite a positive YoY delta).
- YoY changes show meaningful improvement in gross profit and operating leverage (gross profit up notably year-over-year; operating income up ~410% YoY), yet the current balance sheet liquidity and high goodwill warrant attention for sustainability.