| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $159M | $159M | $173M | -0.2% | -8.4% |
| Op. Income | $69M | $70M | $69M | -1.1% | 0.0% |
| Gross Margin | 79.5% | 80.5% | 72.5% | -1.0pp | 7.0pp |
| Net Margin | 31.8% | 32.1% | 28.8% | -0.3pp | 3.0pp |
| EPS (Diluted) | $0.36 | $0.36 | $0.36 | 0.0% | 0.0% |
| Free Cash Flow | $52M | $41M | $24M | 26.8% | 114.5% |
| Item | Amount |
|---|---|
| REVENUE | $159M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $126M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $36M |
| SG&A Expenses | $38M |
| Other Expenses | $20M |
| Operating Expenses | $58M |
| Cost & Expenses | $90M |
| OPERATING INCOME | $69M |
| Interest Income | $144M |
| Interest Expense | $33M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $69M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $4M |
| EBIT | $69M |
| EBITDA | $73M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $159M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $126M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $36M |
| SG&A Expenses | $38M |
| Other Expenses | $20M |
| Operating Expenses | $58M |
| Cost & Expenses | $90M |
| OPERATING INCOME | $69M |
| Interest Income | $144M |
| Interest Expense | $33M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $69M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $4M |
| EBIT | $69M |
| EBITDA | $73M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $51M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $53M |
| Capital Expenditure | -$850.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$51M |
| Sales/Maturities of Investments | $135M |
| Other Investing Activities | $323.0K |
| NET CASH FROM INVESTING | $84M |
| Net Debt Issuance | $128M |
| Common Stock Repurchased | -$23M |
| Common Dividends Paid | -$28M |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | $72M |
| FREE CASH FLOW | $52M |
| Net Change in Cash | $210M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $750M |
| Short-Term Investments | $58M |
| Net Receivables | $261M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $27M |
| Goodwill | $766M |
| Intangible Assets | $8M |
| Long-Term Investments | $13.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $572M |
| TOTAL NON-CURRENT ASSETS | $14.3B |
| TOTAL ASSETS | $15.4B |
| Account Payables | $5M |
| Short-Term Debt | $704M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12.0B |
| TOTAL CURRENT LIABILITIES | $12.7B |
| Long-Term Debt | $200M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $280M |
| TOTAL NON-CURRENT LIABILITIES | $480M |
| TOTAL LIABILITIES | $13.2B |
| Common Stock | $1.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$268M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $15.4B |
| Total Debt | $904M |
| Net Debt | $155M |
