| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $308M | $293M | $280M | 5.2% | 10.0% |
| Op. Income | $23M | -$4M | $20M | 652.1% | 12.9% |
| Gross Margin | 23.8% | 14.6% | 24.3% | 9.2pp | -0.5pp |
| Net Margin | 6.0% | -0.3% | 6.0% | 6.3pp | 0.0pp |
| EPS (Diluted) | $0.70 | $-0.04 | $0.62 | 1850.0% | 12.9% |
| Free Cash Flow | -$58M | $697.0K | -$56M | -8454.1% | -3.5% |
| Item | Amount |
|---|---|
| REVENUE | $308M |
| Cost of Revenue | $234M |
| GROSS PROFIT | $73M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $48M |
| Other Expenses | $2M |
| Operating Expenses | $50M |
| Cost & Expenses | $285M |
| OPERATING INCOME | $23M |
| Interest Income | $2M |
| Interest Expense | $44.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $25M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $2M |
| EBIT | $25M |
| EBITDA | $27M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $308M |
| Cost of Revenue | $234M |
| GROSS PROFIT | $73M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $48M |
| Other Expenses | $2M |
| Operating Expenses | $50M |
| Cost & Expenses | $285M |
| OPERATING INCOME | $23M |
| Interest Income | $2M |
| Interest Expense | $44.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $25M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $2M |
| EBIT | $25M |
| EBITDA | $27M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$1.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$78M |
| OPERATING CASH FLOW | -$54M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $66M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $58M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | -$2M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | -$58M |
| Net Change in Cash | -$53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $26M |
| Short-Term Investments | $64M |
| Net Receivables | $264M |
| Inventory | $0 |
| Other Current Assets | $117M |
| TOTAL CURRENT ASSETS | $471M |
| PP&E (Net) | $86M |
| Goodwill | $48M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $106M |
| TOTAL NON-CURRENT ASSETS | $242M |
| TOTAL ASSETS | $714M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $35M |
| TOTAL CURRENT LIABILITIES | $379M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $90M |
| TOTAL NON-CURRENT LIABILITIES | $109M |
| TOTAL LIABILITIES | $488M |
| Common Stock | $255.0K |
| Additional Paid-In Capital | $43M |
| Retained Earnings | $197M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $226M |
| Minority Interest | $0 |
| TOTAL EQUITY | $226M |
| TOTAL LIABILITIES & EQUITY | $714M |
| Total Debt | $26M |
| Net Debt | -$838.0K |
