| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $363M | $356M | $303M | 2.0% | 19.7% |
| Op. Income | $37M | $32M | $2M | 15.9% | 1957.1% |
| Gross Margin | 46.9% | 47.2% | 45.2% | -0.3pp | 1.7pp |
| Net Margin | 10.2% | 8.3% | 3.6% | 1.9pp | 6.6pp |
| EPS (Diluted) | $0.28 | $0.22 | $0.08 | 27.3% | 251.8% |
| Free Cash Flow | $18M | $34M | $117M | -45.7% | -84.4% |
| Item | Amount |
|---|---|
| REVENUE | $363M |
| Cost of Revenue | $193M |
| GROSS PROFIT | $170M |
| R&D Expenses | $45M |
| Selling & Marketing | $51M |
| General & Administrative | $34M |
| SG&A Expenses | $85M |
| Other Expenses | $3M |
| Operating Expenses | $133M |
| Cost & Expenses | $326M |
| OPERATING INCOME | $37M |
| Interest Income | $15M |
| Interest Expense | $815.0K |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $37M |
| Net Income Deductions | -$625.0K |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $20M |
| EBIT | $43M |
| EBITDA | $63M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $363M |
| Cost of Revenue | $193M |
| GROSS PROFIT | $170M |
| R&D Expenses | $45M |
| Selling & Marketing | $51M |
| General & Administrative | $34M |
| SG&A Expenses | $85M |
| Other Expenses | $3M |
| Operating Expenses | $133M |
| Cost & Expenses | $326M |
| OPERATING INCOME | $37M |
| Interest Income | $15M |
| Interest Expense | $815.0K |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $37M |
| Net Income Deductions | -$625.0K |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $20M |
| EBIT | $43M |
| EBITDA | $63M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $37M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $54M |
| Deferred Income Tax | $403.0K |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$96M |
| OPERATING CASH FLOW | $27M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$286M |
| Sales/Maturities of Investments | $243M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$51M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$30M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$28M |
| FREE CASH FLOW | $18M |
| Net Change in Cash | -$45M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $371M |
| Short-Term Investments | $1.2B |
| Net Receivables | $266M |
| Inventory | $173M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $163M |
| Goodwill | $215M |
| Intangible Assets | $32M |
| Long-Term Investments | $170M |
| Tax Assets | $312M |
| Other Non-Current Assets | -$3M |
| TOTAL NON-CURRENT ASSETS | $890M |
| TOTAL ASSETS | $3.2B |
| Account Payables | $163M |
| Short-Term Debt | $637M |
| Deferred Revenue | $129M |
| Other Current Liabilities | $213M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $572M |
| Deferred Revenue NC | $332M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $207M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$309M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $881M |
| Minority Interest | $0 |
| TOTAL EQUITY | $881M |
| TOTAL LIABILITIES & EQUITY | $3.2B |
| Total Debt | $1.2B |
| Net Debt | $864M |
