| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $158M | $149M | $154M | 6.2% | 2.9% |
| Op. Income | $39M | $37M | $40M | 3.9% | -3.0% |
| Gross Margin | 61.7% | 62.5% | 60.3% | -0.8pp | 1.5pp |
| Net Margin | 19.0% | 19.0% | 19.3% | 0.0pp | -0.3pp |
| EPS (Diluted) | $0.67 | $0.64 | $0.68 | 4.7% | -1.5% |
| Free Cash Flow | $15M | $25M | $39M | -39.4% | -61.5% |
| Item | Amount |
|---|---|
| REVENUE | $158M |
| Cost of Revenue | $60M |
| GROSS PROFIT | $98M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $54M |
| Operating Expenses | $59M |
| Cost & Expenses | $119M |
| OPERATING INCOME | $39M |
| Interest Income | $145M |
| Interest Expense | $49M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $39M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $1M |
| EBIT | $39M |
| EBITDA | $40M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $158M |
| Cost of Revenue | $60M |
| GROSS PROFIT | $98M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $54M |
| Operating Expenses | $59M |
| Cost & Expenses | $119M |
| OPERATING INCOME | $39M |
| Interest Income | $145M |
| Interest Expense | $49M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $39M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $1M |
| EBIT | $39M |
| EBITDA | $40M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $30M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $26M |
| Change in Working Capital | -$42M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $67M |
| Other Investing Activities | -$79M |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$170M |
| Common Stock Repurchased | -$13M |
| Common Dividends Paid | -$5M |
| Other Financing Activities | -$16M |
| NET CASH FROM FINANCING | -$203M |
| FREE CASH FLOW | $15M |
| Net Change in Cash | -$203M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $218M |
| Short-Term Investments | $35M |
| Net Receivables | $723M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $976M |
| PP&E (Net) | $60M |
| Goodwill | $182M |
| Intangible Assets | $22M |
| Long-Term Investments | $8.1B |
| Tax Assets | $57M |
| Other Non-Current Assets | $331M |
| TOTAL NON-CURRENT ASSETS | $8.7B |
| TOTAL ASSETS | $9.7B |
| Account Payables | $0 |
| Short-Term Debt | $34M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7.8B |
| TOTAL CURRENT LIABILITIES | $7.8B |
| Long-Term Debt | $525M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $158M |
| TOTAL NON-CURRENT LIABILITIES | $683M |
| TOTAL LIABILITIES | $8.5B |
| Common Stock | $471.0K |
| Additional Paid-In Capital | $756M |
| Retained Earnings | $583M |
| Treasury Stock | -$57M |
| Accum. Other Comp. Income | -$90M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $9.7B |
| Total Debt | $559M |
| Net Debt | $341M |
