| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $249M | $216M | $239M | 15.3% | 4.1% |
| Op. Income | $43M | $26M | $38M | 66.5% | 12.9% |
| Gross Margin | 67.4% | 66.8% | 69.6% | 0.6pp | -2.2pp |
| Net Margin | 16.3% | 10.9% | 15.1% | 5.3pp | 1.1pp |
| EPS (Diluted) | $0.24 | $0.14 | $0.21 | 71.4% | 14.3% |
| Free Cash Flow | $40M | $38M | $23M | 6.4% | 73.9% |
| Item | Amount |
|---|---|
| REVENUE | $249M |
| Cost of Revenue | $81M |
| GROSS PROFIT | $168M |
| R&D Expenses | $33M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $91M |
| Other Expenses | $0 |
| Operating Expenses | $124M |
| Cost & Expenses | $206M |
| OPERATING INCOME | $43M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $41M |
| D&A | $8M |
| EBIT | $43M |
| EBITDA | $51M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $249M |
| Cost of Revenue | $81M |
| GROSS PROFIT | $168M |
| R&D Expenses | $33M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $91M |
| Other Expenses | $0 |
| Operating Expenses | $124M |
| Cost & Expenses | $206M |
| OPERATING INCOME | $43M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $41M |
| D&A | $8M |
| EBIT | $43M |
| EBITDA | $51M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $41M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $339.0K |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | $43M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$101M |
| Sales/Maturities of Investments | $100M |
| Other Investing Activities | $27.0K |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $175.0K |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | $40M |
| Net Change in Cash | $36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $179M |
| Short-Term Investments | $49M |
| Net Receivables | $186M |
| Inventory | $145M |
| Other Current Assets | $67M |
| TOTAL CURRENT ASSETS | $626M |
| PP&E (Net) | $171M |
| Goodwill | $397M |
| Intangible Assets | $92M |
| Long-Term Investments | $324M |
| Tax Assets | $387M |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.0B |
| Account Payables | $42M |
| Short-Term Debt | $0 |
| Deferred Revenue | $53M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $190M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $235M |
| Other Non-Current Liabilities | $91.0K |
| TOTAL NON-CURRENT LIABILITIES | $307M |
| TOTAL LIABILITIES | $497M |
| Common Stock | $336.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $433M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$38M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $83M |
| Net Debt | -$96M |
