| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $236M | $231M | $222M | 2.2% | 6.3% |
| Op. Income | $80M | $71M | $65M | 12.2% | 22.3% |
| Gross Margin | 71.0% | 70.6% | 67.7% | 0.4pp | 3.3pp |
| Net Margin | 26.4% | 24.3% | 22.8% | 2.1pp | 3.6pp |
| EPS (Diluted) | $1.85 | $1.67 | $1.51 | 10.8% | 22.5% |
| Free Cash Flow | $64M | $66M | $94M | -1.9% | -31.6% |
| Item | Amount |
|---|---|
| REVENUE | $236M |
| Cost of Revenue | $69M |
| GROSS PROFIT | $168M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $57M |
| SG&A Expenses | $59M |
| Other Expenses | $29M |
| Operating Expenses | $88M |
| Cost & Expenses | $157M |
| OPERATING INCOME | $80M |
| Interest Income | $188M |
| Interest Expense | $67M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $80M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $6M |
| EBIT | $80M |
| EBITDA | $85M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $236M |
| Cost of Revenue | $69M |
| GROSS PROFIT | $168M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $57M |
| SG&A Expenses | $59M |
| Other Expenses | $29M |
| Operating Expenses | $88M |
| Cost & Expenses | $157M |
| OPERATING INCOME | $80M |
| Interest Income | $188M |
| Interest Expense | $67M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $80M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $6M |
| EBIT | $80M |
| EBITDA | $85M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $62M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $919.0K |
| Deferred Income Tax | -$938.0K |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $78M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $9M |
| Sales/Maturities of Investments | $72M |
| Other Investing Activities | -$43M |
| NET CASH FROM INVESTING | $24M |
| Net Debt Issuance | $6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$15M |
| Other Financing Activities | -$69M |
| NET CASH FROM FINANCING | -$79M |
| FREE CASH FLOW | $64M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.0B |
| Short-Term Investments | $336M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.3B |
| PP&E (Net) | $312M |
| Goodwill | $182M |
| Intangible Assets | $11M |
| Long-Term Investments | $8.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $410M |
| TOTAL NON-CURRENT ASSETS | $9.7B |
| TOTAL ASSETS | $14.0B |
| Account Payables | $0 |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12.1B |
| TOTAL CURRENT LIABILITIES | $12.1B |
| Long-Term Debt | $86M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $170M |
| TOTAL NON-CURRENT LIABILITIES | $256M |
| TOTAL LIABILITIES | $12.3B |
| Common Stock | $33M |
| Additional Paid-In Capital | $191M |
| Retained Earnings | $1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $14.0B |
| Total Debt | $92M |
| Net Debt | -$3.9B |
