| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $126M | $126M | $112M | 0.5% | 13.0% |
| Op. Income | $28M | $26M | $22M | 8.5% | 28.8% |
| Gross Margin | 60.3% | 59.8% | 57.8% | 0.6pp | 2.6pp |
| Net Margin | 17.5% | 16.4% | 15.4% | 1.2pp | 2.1pp |
| EPS (Diluted) | $0.70 | $0.65 | $0.62 | 7.7% | 12.9% |
| Free Cash Flow | $14M | $28M | $14M | -49.8% | -1.5% |
| Item | Amount |
|---|---|
| REVENUE | $126M |
| Cost of Revenue | $50M |
| GROSS PROFIT | $76M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $29M |
| SG&A Expenses | $30M |
| Other Expenses | $18M |
| Operating Expenses | $48M |
| Cost & Expenses | $98M |
| OPERATING INCOME | $28M |
| Interest Income | $115M |
| Interest Expense | $48M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $28M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $1M |
| EBIT | $28M |
| EBITDA | $29M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $126M |
| Cost of Revenue | $50M |
| GROSS PROFIT | $76M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $29M |
| SG&A Expenses | $30M |
| Other Expenses | $18M |
| Operating Expenses | $48M |
| Cost & Expenses | $98M |
| OPERATING INCOME | $28M |
| Interest Income | $115M |
| Interest Expense | $48M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $28M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $1M |
| EBIT | $28M |
| EBITDA | $29M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $22M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $468.0K |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $14M |
| Capital Expenditure | -$222.0K |
| Acquisitions (Net) | -$43M |
| Purchases of Investments | -$38M |
| Sales/Maturities of Investments | $31M |
| Other Investing Activities | $34M |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | $176M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $16M |
| NET CASH FROM FINANCING | $186M |
| FREE CASH FLOW | $14M |
| Net Change in Cash | $183M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $496M |
| Short-Term Investments | $551M |
| Net Receivables | $37M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $79M |
| Goodwill | $121M |
| Intangible Assets | $16M |
| Long-Term Investments | $6.0B |
| Tax Assets | $25M |
| Other Non-Current Assets | $585M |
| TOTAL NON-CURRENT ASSETS | $6.9B |
| TOTAL ASSETS | $7.9B |
| Account Payables | $5M |
| Short-Term Debt | $273M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6.4B |
| TOTAL CURRENT LIABILITIES | $6.7B |
| Long-Term Debt | $340M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $62M |
| TOTAL NON-CURRENT LIABILITIES | $402M |
| TOTAL LIABILITIES | $7.1B |
| Common Stock | $30M |
| Additional Paid-In Capital | $502M |
| Retained Earnings | $293M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$48M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $848M |
| Minority Interest | $0 |
| TOTAL EQUITY | $848M |
| TOTAL LIABILITIES & EQUITY | $7.9B |
| Total Debt | $613M |
| Net Debt | $117M |
