| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $252M | $231M | $178M | 9.3% | 41.5% |
| Op. Income | $33M | $24M | $19M | 41.4% | 78.4% |
| Gross Margin | 72.4% | 71.1% | 73.4% | 1.3pp | -1.1pp |
| Net Margin | 17.8% | 15.2% | 13.7% | 2.5pp | 4.1pp |
| EPS (Diluted) | $0.91 | $0.72 | $0.51 | 26.4% | 78.4% |
| Free Cash Flow | $89M | $104M | $54M | -14.2% | 66.5% |
| Item | Amount |
|---|---|
| REVENUE | $252M |
| Cost of Revenue | $70M |
| GROSS PROFIT | $183M |
| R&D Expenses | $74M |
| Selling & Marketing | $30M |
| General & Administrative | $46M |
| SG&A Expenses | $76M |
| Other Expenses | $0 |
| Operating Expenses | $149M |
| Cost & Expenses | $219M |
| OPERATING INCOME | $33M |
| Interest Income | $11M |
| Interest Expense | $0 |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | $46M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $45M |
| D&A | $3M |
| EBIT | $33M |
| EBITDA | $37M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $252M |
| Cost of Revenue | $70M |
| GROSS PROFIT | $183M |
| R&D Expenses | $74M |
| Selling & Marketing | $30M |
| General & Administrative | $46M |
| SG&A Expenses | $76M |
| Other Expenses | $0 |
| Operating Expenses | $149M |
| Cost & Expenses | $219M |
| OPERATING INCOME | $33M |
| Interest Income | $11M |
| Interest Expense | $0 |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | $46M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $45M |
| D&A | $3M |
| EBIT | $33M |
| EBITDA | $37M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $45M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $35M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$467.0K |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $91M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$22M |
| Sales/Maturities of Investments | $24M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $89M |
| Net Change in Cash | $92M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $976M |
| Short-Term Investments | $122M |
| Net Receivables | $113M |
| Inventory | $0 |
| Other Current Assets | $113M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $101M |
| Goodwill | $11M |
| Intangible Assets | $20M |
| Long-Term Investments | $75M |
| Tax Assets | $675.0K |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $219M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $8M |
| Short-Term Debt | $0 |
| Deferred Revenue | $431M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $471M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $302.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $94M |
| TOTAL LIABILITIES | $566M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$46M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $977M |
| Minority Interest | $0 |
| TOTAL EQUITY | $977M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $94M |
| Net Debt | -$882M |
