| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $137M | $127M | $114M | 8.0% | 20.4% |
| Op. Income | $53M | $46M | $34M | 15.4% | 57.3% |
| Gross Margin | 90.0% | 89.3% | 88.8% | 0.7pp | 1.2pp |
| Net Margin | 32.3% | 32.7% | 26.9% | -0.4pp | 5.3pp |
| EPS (Diluted) | $0.22 | $0.21 | $0.15 | 4.8% | 46.7% |
| Free Cash Flow | $67M | $40M | $12M | 69.0% | 474.9% |
| Item | Amount |
|---|---|
| REVENUE | $137M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $123M |
| R&D Expenses | $23M |
| Selling & Marketing | $34M |
| General & Administrative | $10M |
| SG&A Expenses | $44M |
| Other Expenses | $2M |
| Operating Expenses | $70M |
| Cost & Expenses | $84M |
| OPERATING INCOME | $53M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $62M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $3M |
| EBIT | $55M |
| EBITDA | $58M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $137M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $123M |
| R&D Expenses | $23M |
| Selling & Marketing | $34M |
| General & Administrative | $10M |
| SG&A Expenses | $44M |
| Other Expenses | $2M |
| Operating Expenses | $70M |
| Cost & Expenses | $84M |
| OPERATING INCOME | $53M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $62M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $3M |
| EBIT | $55M |
| EBITDA | $58M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $44M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | -$147.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $68M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$197M |
| Sales/Maturities of Investments | $223M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $24M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$23M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$20M |
| FREE CASH FLOW | $67M |
| Net Change in Cash | $73M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $184M |
| Short-Term Investments | $621M |
| Net Receivables | $125M |
| Inventory | $0 |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $958M |
| PP&E (Net) | $23M |
| Goodwill | $68M |
| Intangible Assets | $25M |
| Long-Term Investments | $0 |
| Tax Assets | $44M |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $161M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $94M |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $132M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $148.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $25M |
| TOTAL LIABILITIES | $157M |
| Common Stock | $187.0K |
| Additional Paid-In Capital | $863M |
| Retained Earnings | $95M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $961M |
| Minority Interest | $0 |
| TOTAL EQUITY | $961M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $13M |
| Net Debt | -$171M |
