| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $218M | $211M | $205M | 3.5% | 6.2% |
| Op. Income | $56M | $56M | $49M | 0.4% | 13.7% |
| Gross Margin | 72.2% | 73.4% | 71.3% | -1.3pp | 0.9pp |
| Net Margin | 20.9% | 21.4% | 19.4% | -0.6pp | 1.5pp |
| EPS (Diluted) | $1.31 | $1.30 | $1.15 | 0.8% | 13.9% |
| Free Cash Flow | $52M | $56M | $74M | -6.2% | -29.8% |
| Item | Amount |
|---|---|
| REVENUE | $218M |
| Cost of Revenue | $61M |
| GROSS PROFIT | $157M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $65M |
| SG&A Expenses | $67M |
| Other Expenses | $35M |
| Operating Expenses | $101M |
| Cost & Expenses | $162M |
| OPERATING INCOME | $56M |
| Interest Income | $200M |
| Interest Expense | $56M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $56M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $45M |
| D&A | $5M |
| EBIT | $56M |
| EBITDA | $61M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $218M |
| Cost of Revenue | $61M |
| GROSS PROFIT | $157M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $65M |
| SG&A Expenses | $67M |
| Other Expenses | $35M |
| Operating Expenses | $101M |
| Cost & Expenses | $162M |
| OPERATING INCOME | $56M |
| Interest Income | $200M |
| Interest Expense | $56M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $56M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $45M |
| D&A | $5M |
| EBIT | $56M |
| EBITDA | $61M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $45M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | $10M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $55M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $73M |
| Other Investing Activities | -$292M |
| NET CASH FROM INVESTING | -$231M |
| Net Debt Issuance | $384M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$17M |
| Other Financing Activities | -$146M |
| NET CASH FROM FINANCING | $217M |
| FREE CASH FLOW | $52M |
| Net Change in Cash | $41M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $483M |
| Short-Term Investments | $38M |
| Net Receivables | $65M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $586M |
| PP&E (Net) | $156M |
| Goodwill | $373M |
| Intangible Assets | $2M |
| Long-Term Investments | $14.6B |
| Tax Assets | $137M |
| Other Non-Current Assets | $608M |
| TOTAL NON-CURRENT ASSETS | $15.9B |
| TOTAL ASSETS | $16.4B |
| Account Payables | $0 |
| Short-Term Debt | $117M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $13.5B |
| TOTAL CURRENT LIABILITIES | $13.6B |
| Long-Term Debt | $638M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $247M |
| TOTAL NON-CURRENT LIABILITIES | $927M |
| TOTAL LIABILITIES | $14.6B |
| Common Stock | $1.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $801M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$244M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $16.4B |
| Total Debt | $797M |
| Net Debt | $314M |
