| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $179M | $171M | $171M | 4.5% | 4.6% |
| Op. Income | $40M | $29M | $26M | 39.9% | 54.3% |
| Gross Margin | 56.1% | 54.9% | 47.7% | 1.1pp | 8.4pp |
| Net Margin | 16.6% | 12.5% | 10.8% | 4.1pp | 5.8pp |
| EPS (Diluted) | $0.65 | $0.45 | $0.43 | 44.4% | 51.2% |
| Free Cash Flow | $21M | $65M | $11M | -67.7% | 98.3% |
| Item | Amount |
|---|---|
| REVENUE | $179M |
| Cost of Revenue | $79M |
| GROSS PROFIT | $100M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $38M |
| SG&A Expenses | $40M |
| Other Expenses | $21M |
| Operating Expenses | $60M |
| Cost & Expenses | $139M |
| OPERATING INCOME | $40M |
| Interest Income | $168M |
| Interest Expense | $69M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $28M |
| D&A | $1M |
| EBIT | $40M |
| EBITDA | $42M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $179M |
| Cost of Revenue | $79M |
| GROSS PROFIT | $100M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $38M |
| SG&A Expenses | $40M |
| Other Expenses | $21M |
| Operating Expenses | $60M |
| Cost & Expenses | $139M |
| OPERATING INCOME | $40M |
| Interest Income | $168M |
| Interest Expense | $69M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $28M |
| D&A | $1M |
| EBIT | $40M |
| EBITDA | $42M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $30M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | $23M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$51M |
| Sales/Maturities of Investments | $69M |
| Other Investing Activities | -$23M |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$11M |
| Other Financing Activities | $123M |
| NET CASH FROM FINANCING | $111M |
| FREE CASH FLOW | $21M |
| Net Change in Cash | $126M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $9M |
| Net Receivables | $55M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $79M |
| Goodwill | $156M |
| Intangible Assets | $3M |
| Long-Term Investments | $12.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $547M |
| TOTAL NON-CURRENT ASSETS | $13.0B |
| TOTAL ASSETS | $14.2B |
| Account Payables | $0 |
| Short-Term Debt | $400M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11.7B |
| TOTAL CURRENT LIABILITIES | $12.1B |
| Long-Term Debt | $380M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $209M |
| TOTAL NON-CURRENT LIABILITIES | $637M |
| TOTAL LIABILITIES | $12.8B |
| Common Stock | $461.0K |
| Additional Paid-In Capital | $623M |
| Retained Earnings | $820M |
| Treasury Stock | -$77M |
| Accum. Other Comp. Income | -$38M |
| Other Equity | -$14M |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $14.2B |
| Total Debt | $828M |
| Net Debt | -$329M |
