| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $184M | $170M | $176M | 8.2% | 4.4% |
| Op. Income | $42M | $41M | $47M | 2.5% | -9.7% |
| Gross Margin | 64.4% | 66.2% | 63.9% | -1.8pp | 0.5pp |
| Net Margin | 18.2% | 19.3% | 21.1% | -1.1pp | -2.9pp |
| EPS (Diluted) | $0.32 | $0.32 | $0.36 | 0.0% | -11.1% |
| Free Cash Flow | $25M | $51M | $19M | -50.8% | 29.4% |
| Item | Amount |
|---|---|
| REVENUE | $184M |
| Cost of Revenue | $65M |
| GROSS PROFIT | $118M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $2M |
| SG&A Expenses | $3M |
| Other Expenses | $73M |
| Operating Expenses | $76M |
| Cost & Expenses | $142M |
| OPERATING INCOME | $42M |
| Interest Income | $158M |
| Interest Expense | $53M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $788.0K |
| EBIT | $42M |
| EBITDA | $43M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $184M |
| Cost of Revenue | $65M |
| GROSS PROFIT | $118M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $2M |
| SG&A Expenses | $3M |
| Other Expenses | $73M |
| Operating Expenses | $76M |
| Cost & Expenses | $142M |
| OPERATING INCOME | $42M |
| Interest Income | $158M |
| Interest Expense | $53M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $788.0K |
| EBIT | $42M |
| EBITDA | $43M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $33M |
| Depreciation & Amortization | $788.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $30M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$25M |
| Sales/Maturities of Investments | $114M |
| Other Investing Activities | -$171M |
| NET CASH FROM INVESTING | -$87M |
| Net Debt Issuance | $125M |
| Common Stock Repurchased | -$508.0K |
| Common Dividends Paid | -$14M |
| Other Financing Activities | -$35M |
| NET CASH FROM FINANCING | $76M |
| FREE CASH FLOW | $25M |
| Net Change in Cash | $19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $160M |
| Short-Term Investments | $1.0B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $117M |
| Goodwill | $379M |
| Intangible Assets | $24M |
| Long-Term Investments | $10.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $425M |
| TOTAL NON-CURRENT ASSETS | $11.0B |
| TOTAL ASSETS | $12.2B |
| Account Payables | $0 |
| Short-Term Debt | $226M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10.1B |
| TOTAL CURRENT LIABILITIES | $10.3B |
| Long-Term Debt | $258M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $127M |
| TOTAL NON-CURRENT LIABILITIES | $389M |
| TOTAL LIABILITIES | $10.7B |
| Common Stock | $127M |
| Additional Paid-In Capital | $676M |
| Retained Earnings | $1.0B |
| Treasury Stock | -$219M |
| Accum. Other Comp. Income | -$76M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $12.2B |
| Total Debt | $488M |
| Net Debt | $328M |
