| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $292M | $188M | $166M | 55.5% | 76.5% |
| Op. Income | $65M | -$33M | $38M | 297.5% | 67.9% |
| Gross Margin | 65.8% | 43.9% | 68.8% | 21.9pp | -3.0pp |
| Net Margin | 16.2% | -15.9% | 16.5% | 32.2pp | -0.3pp |
| EPS (Diluted) | $0.52 | $-0.44 | $0.47 | 218.2% | 10.6% |
| Free Cash Flow | $46M | $7M | $26M | 603.0% | 74.3% |
| Item | Amount |
|---|---|
| REVENUE | $292M |
| Cost of Revenue | $100M |
| GROSS PROFIT | $192M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $70M |
| SG&A Expenses | $70M |
| Other Expenses | $58M |
| Operating Expenses | $128M |
| Cost & Expenses | $228M |
| OPERATING INCOME | $65M |
| Interest Income | $247M |
| Interest Expense | $94M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $65M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $8M |
| EBIT | $65M |
| EBITDA | $73M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $292M |
| Cost of Revenue | $100M |
| GROSS PROFIT | $192M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $70M |
| SG&A Expenses | $70M |
| Other Expenses | $58M |
| Operating Expenses | $128M |
| Cost & Expenses | $228M |
| OPERATING INCOME | $65M |
| Interest Income | $247M |
| Interest Expense | $94M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $65M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $8M |
| EBIT | $65M |
| EBITDA | $73M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $47M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $456.0K |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $50M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$4.0K |
| Purchases of Investments | -$40M |
| Sales/Maturities of Investments | $124M |
| Other Investing Activities | $32M |
| NET CASH FROM INVESTING | $112M |
| Net Debt Issuance | -$136M |
| Common Stock Repurchased | -$22M |
| Common Dividends Paid | -$23M |
| Other Financing Activities | -$429M |
| NET CASH FROM FINANCING | -$610M |
| FREE CASH FLOW | $46M |
| Net Change in Cash | -$448M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $752M |
| Short-Term Investments | $44M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $796M |
| PP&E (Net) | $219M |
| Goodwill | $382M |
| Intangible Assets | $106M |
| Long-Term Investments | $16.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $786M |
| TOTAL NON-CURRENT ASSETS | $18.1B |
| TOTAL ASSETS | $18.9B |
| Account Payables | $0 |
| Short-Term Debt | $158M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $15.8B |
| TOTAL CURRENT LIABILITIES | $16.0B |
| Long-Term Debt | $267M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $240M |
| TOTAL NON-CURRENT LIABILITIES | $546M |
| TOTAL LIABILITIES | $16.5B |
| Common Stock | $93.0K |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $274M |
| Treasury Stock | -$84M |
| Accum. Other Comp. Income | -$155M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $18.9B |
| Total Debt | $464M |
| Net Debt | -$288M |
