| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $302M | $309M | $300M | -2.2% | 0.6% |
| Op. Income | $103M | $100M | $101M | 2.6% | 1.5% |
| Gross Margin | 72.5% | 71.0% | 72.0% | 1.5pp | 0.5pp |
| Net Margin | 26.5% | 25.0% | 25.3% | 1.6pp | 1.3pp |
| EPS (Diluted) | $0.50 | $0.47 | $0.46 | 6.4% | 8.7% |
| Free Cash Flow | $93M | $107M | $69M | -13.0% | 33.7% |
| Item | Amount |
|---|---|
| REVENUE | $302M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $219M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $62M |
| SG&A Expenses | $66M |
| Other Expenses | $50M |
| Operating Expenses | $116M |
| Cost & Expenses | $199M |
| OPERATING INCOME | $103M |
| Interest Income | $278M |
| Interest Expense | $62M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $103M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $80M |
| D&A | $6M |
| EBIT | $103M |
| EBITDA | $108M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $302M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $219M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $62M |
| SG&A Expenses | $66M |
| Other Expenses | $50M |
| Operating Expenses | $116M |
| Cost & Expenses | $199M |
| OPERATING INCOME | $103M |
| Interest Income | $278M |
| Interest Expense | $62M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $103M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $80M |
| D&A | $6M |
| EBIT | $103M |
| EBITDA | $108M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $80M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$426.0K |
| Other Non-Cash Items | $26M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | $95M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$392M |
| Sales/Maturities of Investments | $238M |
| Other Investing Activities | -$212M |
| NET CASH FROM INVESTING | -$368M |
| Net Debt Issuance | -$11M |
| Common Stock Repurchased | -$29M |
| Common Dividends Paid | -$30M |
| Other Financing Activities | -$250M |
| NET CASH FROM FINANCING | -$319M |
| FREE CASH FLOW | $93M |
| Net Change in Cash | -$592M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $736M |
| Short-Term Investments | $1.2B |
| Net Receivables | $72M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $128M |
| Goodwill | $39M |
| Intangible Assets | $5M |
| Long-Term Investments | $16.2B |
| Tax Assets | $135M |
| Other Non-Current Assets | $303M |
| TOTAL NON-CURRENT ASSETS | $16.9B |
| TOTAL ASSETS | $18.9B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16.6B |
| TOTAL CURRENT LIABILITIES | $16.6B |
| Long-Term Debt | $320M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $178M |
| TOTAL NON-CURRENT LIABILITIES | $498M |
| TOTAL LIABILITIES | $17.1B |
| Common Stock | $22M |
| Additional Paid-In Capital | $960M |
| Retained Earnings | $1.9B |
| Treasury Stock | -$833M |
| Accum. Other Comp. Income | -$211M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $18.9B |
| Total Debt | $320M |
| Net Debt | -$416M |
