| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $209M | $202M | $201M | 3.8% | 4.0% |
| Op. Income | $64M | $61M | $57M | 5.2% | 12.3% |
| Gross Margin | 66.7% | 65.6% | 62.3% | 1.2pp | 4.5pp |
| Net Margin | 24.5% | 24.8% | 22.6% | -0.2pp | 2.0pp |
| EPS (Diluted) | $1.36 | $1.31 | $1.19 | 3.8% | 14.3% |
| Free Cash Flow | $59M | $36M | $75M | 65.5% | -21.1% |
| Item | Amount |
|---|---|
| REVENUE | $209M |
| Cost of Revenue | $70M |
| GROSS PROFIT | $140M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $73M |
| Operating Expenses | $75M |
| Cost & Expenses | $145M |
| OPERATING INCOME | $64M |
| Interest Income | $219M |
| Interest Expense | $66M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $64M |
| Income Tax Expense | $13M |
| 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 | $3M |
| EBIT | $64M |
| EBITDA | $67M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $209M |
| Cost of Revenue | $70M |
| GROSS PROFIT | $140M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $73M |
| Operating Expenses | $75M |
| Cost & Expenses | $145M |
| OPERATING INCOME | $64M |
| Interest Income | $219M |
| Interest Expense | $66M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $64M |
| Income Tax Expense | $13M |
| 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 | $3M |
| EBIT | $64M |
| EBITDA | $67M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $51M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$968.0K |
| OPERATING CASH FLOW | $61M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$411M |
| Sales/Maturities of Investments | $97M |
| Other Investing Activities | -$50M |
| NET CASH FROM INVESTING | -$367M |
| Net Debt Issuance | $44M |
| Common Stock Repurchased | -$14.0K |
| Common Dividends Paid | -$11M |
| Other Financing Activities | $283M |
| NET CASH FROM FINANCING | $315M |
| FREE CASH FLOW | $59M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $481M |
| Short-Term Investments | $1.5B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $49M |
| Goodwill | $365M |
| Intangible Assets | $7M |
| Long-Term Investments | $13.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $526M |
| TOTAL NON-CURRENT ASSETS | $14.1B |
| TOTAL ASSETS | $16.1B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $13.3B |
| TOTAL CURRENT LIABILITIES | $13.3B |
| Long-Term Debt | $661M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $175M |
| TOTAL NON-CURRENT LIABILITIES | $836M |
| TOTAL LIABILITIES | $14.2B |
| Common Stock | $369.0K |
| Additional Paid-In Capital | $992M |
| Retained Earnings | $948M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$89M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $16.1B |
| Total Debt | $661M |
| Net Debt | $180M |
