| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $206M | $194M | $181M | 6.2% | 13.3% |
| Op. Income | $82M | $75M | $64M | 8.8% | 28.4% |
| Gross Margin | 74.6% | 73.2% | 69.0% | 1.4pp | 5.6pp |
| Net Margin | 32.4% | 31.7% | 28.9% | 0.7pp | 3.5pp |
| EPS (Diluted) | $0.47 | $0.43 | $0.37 | 9.3% | 27.0% |
| Free Cash Flow | $59M | $75M | $64M | -21.4% | -8.0% |
| Item | Amount |
|---|---|
| REVENUE | $206M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $153M |
| R&D Expenses | $0 |
| Selling & Marketing | $770.0K |
| General & Administrative | $45M |
| SG&A Expenses | $46M |
| Other Expenses | $26M |
| Operating Expenses | $72M |
| Cost & Expenses | $124M |
| OPERATING INCOME | $82M |
| Interest Income | $173M |
| Interest Expense | $49M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $82M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $67M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $67M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $67M |
| D&A | $3M |
| EBIT | $82M |
| EBITDA | $85M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $206M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $153M |
| R&D Expenses | $0 |
| Selling & Marketing | $770.0K |
| General & Administrative | $45M |
| SG&A Expenses | $46M |
| Other Expenses | $26M |
| Operating Expenses | $72M |
| Cost & Expenses | $124M |
| OPERATING INCOME | $82M |
| Interest Income | $173M |
| Interest Expense | $49M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $82M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $67M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $67M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $67M |
| D&A | $3M |
| EBIT | $82M |
| EBITDA | $85M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $67M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $25M |
| Change in Working Capital | -$35M |
| OPERATING CASH FLOW | $61M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$254M |
| Sales/Maturities of Investments | $163M |
| Other Investing Activities | -$129M |
| NET CASH FROM INVESTING | -$223M |
| Net Debt Issuance | -$13M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$26M |
| Other Financing Activities | -$18M |
| NET CASH FROM FINANCING | -$57M |
| FREE CASH FLOW | $59M |
| Net Change in Cash | -$219M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $700M |
| Short-Term Investments | $2.7B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $149M |
| Goodwill | $313M |
| Intangible Assets | $343.0K |
| Long-Term Investments | $8.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.5B |
| TOTAL NON-CURRENT ASSETS | $11.0B |
| TOTAL ASSETS | $14.4B |
| Account Payables | $25M |
| Short-Term Debt | $49M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12.4B |
| TOTAL CURRENT LIABILITIES | $12.5B |
| Long-Term Debt | $21M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $69M |
| TOTAL NON-CURRENT LIABILITIES | $90M |
| TOTAL LIABILITIES | $12.6B |
| Common Stock | $1M |
| Additional Paid-In Capital | $694M |
| Retained Earnings | $1.4B |
| Treasury Stock | -$14M |
| Accum. Other Comp. Income | -$373M |
| Other Equity | $14M |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $14.4B |
| Total Debt | $70M |
| Net Debt | -$629M |
