| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $442M | $393M | $355M | 12.6% | 24.4% |
| Op. Income | $151M | $129M | $102M | 16.5% | 48.0% |
| Gross Margin | 73.4% | 73.0% | 49.8% | 0.3pp | 23.6pp |
| Net Margin | 13.3% | 11.9% | 9.1% | 1.4pp | 4.2pp |
| EPS (Diluted) | $2.49 | $1.93 | $1.34 | 29.0% | 85.8% |
| Free Cash Flow | $3M | $38M | $28M | -91.7% | -88.7% |
| Item | Amount |
|---|---|
| REVENUE | $442M |
| Cost of Revenue | $118M |
| GROSS PROFIT | $324M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $41M |
| SG&A Expenses | $41M |
| Other Expenses | $132M |
| Operating Expenses | $174M |
| Cost & Expenses | $291M |
| OPERATING INCOME | $151M |
| Interest Income | $0 |
| Interest Expense | $71M |
| Other Income/Expenses | -$73M |
| INCOME BEFORE TAX | $78M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $59M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $59M |
| D&A | $7M |
| EBIT | $151M |
| EBITDA | $158M |
| EPS | $3 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $442M |
| Cost of Revenue | $118M |
| GROSS PROFIT | $324M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $41M |
| SG&A Expenses | $41M |
| Other Expenses | $132M |
| Operating Expenses | $174M |
| Cost & Expenses | $291M |
| OPERATING INCOME | $151M |
| Interest Income | $0 |
| Interest Expense | $71M |
| Other Income/Expenses | -$73M |
| INCOME BEFORE TAX | $78M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $59M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $59M |
| D&A | $7M |
| EBIT | $151M |
| EBITDA | $158M |
| EPS | $3 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $59M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$47M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$63M |
| NET CASH FROM INVESTING | -$69M |
| Net Debt Issuance | $68M |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | $47M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $173M |
| Short-Term Investments | $0 |
| Net Receivables | $32M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $248M |
| PP&E (Net) | $145M |
| Goodwill | $543M |
| Intangible Assets | $0 |
| Long-Term Investments | $4.2B |
| Tax Assets | $6M |
| Other Non-Current Assets | $64M |
| TOTAL NON-CURRENT ASSETS | $4.9B |
| TOTAL ASSETS | $5.2B |
| Account Payables | $0 |
| Short-Term Debt | $1000M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $215M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $115M |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $4.3B |
| Common Stock | $231.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$119M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $896M |
| Minority Interest | $0 |
| TOTAL EQUITY | $896M |
| TOTAL LIABILITIES & EQUITY | $5.2B |
| Total Debt | $4.0B |
| Net Debt | $3.8B |
