| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $314M | $292M | $314M | 7.7% | -0.1% |
| Op. Income | $88M | $64M | $75M | 38.1% | 17.5% |
| Gross Margin | 69.0% | 65.8% | 63.1% | 3.2pp | 5.8pp |
| Net Margin | 22.3% | 17.6% | 19.4% | 4.7pp | 2.9pp |
| EPS (Diluted) | $0.73 | $0.54 | $0.64 | 35.2% | 14.1% |
| Free Cash Flow | $65M | $52M | $65M | 23.8% | 0.1% |
| Item | Amount |
|---|---|
| REVENUE | $314M |
| Cost of Revenue | $97M |
| GROSS PROFIT | $217M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $91M |
| SG&A Expenses | $93M |
| Other Expenses | $35M |
| Operating Expenses | $129M |
| Cost & Expenses | $226M |
| OPERATING INCOME | $88M |
| Interest Income | $246M |
| Interest Expense | $88M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $88M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $70M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $70M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $70M |
| D&A | $7M |
| EBIT | $88M |
| EBITDA | $95M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $314M |
| Cost of Revenue | $97M |
| GROSS PROFIT | $217M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $91M |
| SG&A Expenses | $93M |
| Other Expenses | $35M |
| Operating Expenses | $129M |
| Cost & Expenses | $226M |
| OPERATING INCOME | $88M |
| Interest Income | $246M |
| Interest Expense | $88M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $88M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $70M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $70M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $70M |
| D&A | $7M |
| EBIT | $88M |
| EBITDA | $95M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $70M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $70M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$224M |
| Sales/Maturities of Investments | $153M |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | -$83M |
| Net Debt Issuance | -$116M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$24M |
| Other Financing Activities | $173M |
| NET CASH FROM FINANCING | $33M |
| FREE CASH FLOW | $65M |
| Net Change in Cash | $20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $780M |
| Short-Term Investments | $2.7B |
| Net Receivables | $573M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.1B |
| PP&E (Net) | $198M |
| Goodwill | $1.0B |
| Intangible Assets | $75M |
| Long-Term Investments | $12.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $14.6B |
| TOTAL ASSETS | $18.6B |
| Account Payables | $0 |
| Short-Term Debt | $685M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14.4B |
| TOTAL CURRENT LIABILITIES | $15.1B |
| Long-Term Debt | $344M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $676M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $16.1B |
| Common Stock | $1.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.4B |
| Treasury Stock | -$186M |
| Accum. Other Comp. Income | -$246M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $18.6B |
| Total Debt | $1.0B |
| Net Debt | $249M |
