| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $266M | $215M | $249M | 23.7% | 6.6% |
| Op. Income | $43M | $27M | $33M | 57.1% | 30.1% |
| Gross Margin | 41.1% | 42.1% | 38.8% | -1.0pp | 2.3pp |
| Net Margin | 11.7% | 10.9% | 9.3% | 0.7pp | 2.4pp |
| EPS (Diluted) | $1.20 | $0.91 | $0.90 | 31.9% | 33.3% |
| Free Cash Flow | $11M | $26M | -$932.0K | -58.4% | 1279.9% |
| Item | Amount |
|---|---|
| REVENUE | $266M |
| Cost of Revenue | $156M |
| GROSS PROFIT | $109M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $58M |
| Other Expenses | $8M |
| Operating Expenses | $66M |
| Cost & Expenses | $222M |
| OPERATING INCOME | $43M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $15M |
| EBIT | $43M |
| EBITDA | $58M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $266M |
| Cost of Revenue | $156M |
| GROSS PROFIT | $109M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $58M |
| Other Expenses | $8M |
| Operating Expenses | $66M |
| Cost & Expenses | $222M |
| OPERATING INCOME | $43M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $15M |
| EBIT | $43M |
| EBITDA | $58M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $31M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | $24M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $84.0K |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | -$24M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2M |
| Other Financing Activities | -$115.0K |
| NET CASH FROM FINANCING | -$26M |
| FREE CASH FLOW | $11M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $57M |
| Short-Term Investments | $0 |
| Net Receivables | $343M |
| Inventory | $231M |
| Other Current Assets | $29M |
| TOTAL CURRENT ASSETS | $661M |
| PP&E (Net) | $210M |
| Goodwill | $536M |
| Intangible Assets | $395M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $81M |
| Short-Term Debt | $20M |
| Deferred Revenue | $128M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $322M |
| Long-Term Debt | $68M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $73M |
| Other Non-Current Liabilities | $40M |
| TOTAL NON-CURRENT LIABILITIES | $216M |
| TOTAL LIABILITIES | $538M |
| Common Stock | $309.0K |
| Additional Paid-In Capital | $311M |
| Retained Earnings | $1.1B |
| Treasury Stock | -$147M |
| Accum. Other Comp. Income | -$21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $124M |
| Net Debt | $67M |
