| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $52M | $54M | $40M | -2.4% | 30.3% |
| Op. Income | $29M | $30M | $22M | -3.3% | 36.9% |
| Gross Margin | 69.4% | 71.6% | 68.7% | -2.1pp | 0.7pp |
| Net Margin | 48.9% | 50.3% | 56.4% | -1.4pp | -7.5pp |
| EPS (Diluted) | $0.44 | $0.48 | $0.48 | -8.3% | -8.3% |
| Free Cash Flow | -$71M | $30M | -$24M | -334.9% | -193.1% |
| Item | Amount |
|---|---|
| REVENUE | $52M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $36M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $4M |
| Operating Expenses | $7M |
| Cost & Expenses | $23M |
| OPERATING INCOME | $29M |
| Interest Income | $51M |
| Interest Expense | $16M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $2M |
| EBIT | $29M |
| EBITDA | $31M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $52M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $36M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $4M |
| Operating Expenses | $7M |
| Cost & Expenses | $23M |
| OPERATING INCOME | $29M |
| Interest Income | $51M |
| Interest Expense | $16M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $2M |
| EBIT | $29M |
| EBITDA | $31M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $26M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$95M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$71M |
| Capital Expenditure | -$81.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$81.0K |
| Net Debt Issuance | $109M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$36M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $112M |
| FREE CASH FLOW | -$71M |
| Net Change in Cash | $41M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $87M |
| Short-Term Investments | $0 |
| Net Receivables | $36M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $123M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $2.0B |
| Account Payables | $0 |
| Short-Term Debt | $224M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $227M |
| Long-Term Debt | $171M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $15M |
| Other Non-Current Liabilities | $662M |
| TOTAL NON-CURRENT LIABILITIES | $847M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $14M |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$107M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $947M |
| Minority Interest | $0 |
| TOTAL EQUITY | $947M |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $395M |
| Net Debt | $307M |
