| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $338M | $331M | $346M | 2.3% | -2.2% |
| Op. Income | $96M | $87M | $73M | 11.1% | 32.7% |
| Gross Margin | 54.8% | 52.1% | 49.7% | 2.7pp | 5.1pp |
| Net Margin | 22.9% | 21.0% | 19.3% | 1.9pp | 3.6pp |
| EPS (Diluted) | $1.10 | $0.98 | $0.92 | 12.2% | 19.6% |
| Free Cash Flow | $63M | $96M | $72M | -34.9% | -13.4% |
| Item | Amount |
|---|---|
| REVENUE | $338M |
| Cost of Revenue | $153M |
| GROSS PROFIT | $185M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $46M |
| SG&A Expenses | $47M |
| Other Expenses | $42M |
| Operating Expenses | $89M |
| Cost & Expenses | $242M |
| OPERATING INCOME | $96M |
| Interest Income | $323M |
| Interest Expense | $142M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $96M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $77M |
| D&A | $4M |
| EBIT | $96M |
| EBITDA | $100M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $338M |
| Cost of Revenue | $153M |
| GROSS PROFIT | $185M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $46M |
| SG&A Expenses | $47M |
| Other Expenses | $42M |
| Operating Expenses | $89M |
| Cost & Expenses | $242M |
| OPERATING INCOME | $96M |
| Interest Income | $323M |
| Interest Expense | $142M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $96M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $77M |
| D&A | $4M |
| EBIT | $96M |
| EBITDA | $100M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $77M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $16M |
| Change in Working Capital | -$40M |
| OPERATING CASH FLOW | $64M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$314M |
| Sales/Maturities of Investments | $111M |
| Other Investing Activities | -$441M |
| NET CASH FROM INVESTING | -$646M |
| Net Debt Issuance | $317M |
| Common Stock Repurchased | -$36M |
| Common Dividends Paid | -$24M |
| Other Financing Activities | $187M |
| NET CASH FROM FINANCING | $445M |
| FREE CASH FLOW | $63M |
| Net Change in Cash | -$138M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $190M |
| Short-Term Investments | $1.9B |
| Net Receivables | $97M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $122M |
| Goodwill | $376M |
| Intangible Assets | $3M |
| Long-Term Investments | $20.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $302M |
| TOTAL NON-CURRENT ASSETS | $21.5B |
| TOTAL ASSETS | $23.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20.0B |
| TOTAL CURRENT LIABILITIES | $20.0B |
| Long-Term Debt | $549M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $248M |
| TOTAL NON-CURRENT LIABILITIES | $831M |
| TOTAL LIABILITIES | $20.8B |
| Common Stock | $918.0K |
| Additional Paid-In Capital | $996M |
| Retained Earnings | $2.8B |
| Treasury Stock | -$829M |
| Accum. Other Comp. Income | -$69M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $23.7B |
| Total Debt | $583M |
| Net Debt | $393M |
