| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $147M | $141M | $123M | 3.6% | 19.4% |
| Op. Income | $66M | $63M | $54M | 4.6% | 22.2% |
| Gross Margin | 79.6% | 87.3% | 87.4% | -7.8pp | -7.9pp |
| Net Margin | 35.6% | 40.1% | 33.2% | -4.6pp | 2.3pp |
| EPS (Diluted) | $0.41 | $0.45 | $0.33 | -8.9% | 24.2% |
| Free Cash Flow | $71M | $60M | $64M | 18.7% | 11.1% |
| Item | Amount |
|---|---|
| REVENUE | $147M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $117M |
| R&D Expenses | $4M |
| Selling & Marketing | $4M |
| General & Administrative | $42M |
| SG&A Expenses | $46M |
| Other Expenses | $0 |
| Operating Expenses | $50M |
| Cost & Expenses | $80M |
| OPERATING INCOME | $66M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $69M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $9M |
| EBIT | $69M |
| EBITDA | $79M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $147M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $117M |
| R&D Expenses | $4M |
| Selling & Marketing | $4M |
| General & Administrative | $42M |
| SG&A Expenses | $46M |
| Other Expenses | $0 |
| Operating Expenses | $50M |
| Cost & Expenses | $80M |
| OPERATING INCOME | $66M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $69M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $9M |
| EBIT | $69M |
| EBITDA | $79M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $52M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $946.0K |
| OPERATING CASH FLOW | $71M |
| Capital Expenditure | -$26.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$26.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $872.0K |
| FREE CASH FLOW | $71M |
| Net Change in Cash | $72M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $653M |
| Short-Term Investments | $0 |
| Net Receivables | $66M |
| Inventory | $19M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $759M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $138M |
| Long-Term Investments | $21M |
| Tax Assets | $51M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $213M |
| TOTAL ASSETS | $972M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $113M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $309.0K |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $116M |
| Common Stock | $122.0K |
| Additional Paid-In Capital | $462M |
| Retained Earnings | $394M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $31.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $856M |
| Minority Interest | $0 |
| TOTAL EQUITY | $856M |
| TOTAL LIABILITIES & EQUITY | $972M |
| Total Debt | $3M |
| Net Debt | -$650M |
