| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $339M | $345M | $367M | -1.9% | -7.6% |
| Op. Income | $94M | $66M | $78M | 40.8% | 19.3% |
| Gross Margin | 73.4% | 65.7% | 64.2% | 7.7pp | 9.2pp |
| Net Margin | 21.2% | 14.5% | 16.4% | 6.6pp | 4.8pp |
| EPS (Diluted) | $0.69 | $0.49 | $0.58 | 40.8% | 19.0% |
| Free Cash Flow | $60M | $74M | $80M | -19.0% | -24.8% |
| Item | Amount |
|---|---|
| REVENUE | $339M |
| Cost of Revenue | $90M |
| GROSS PROFIT | $249M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $149M |
| Operating Expenses | $155M |
| Cost & Expenses | $245M |
| OPERATING INCOME | $94M |
| Interest Income | $298M |
| Interest Expense | $90M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $94M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $72M |
| D&A | $10M |
| EBIT | $94M |
| EBITDA | $103M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $339M |
| Cost of Revenue | $90M |
| GROSS PROFIT | $249M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $149M |
| Operating Expenses | $155M |
| Cost & Expenses | $245M |
| OPERATING INCOME | $94M |
| Interest Income | $298M |
| Interest Expense | $90M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $94M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $72M |
| D&A | $10M |
| EBIT | $94M |
| EBITDA | $103M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $72M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | $68M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$66M |
| Sales/Maturities of Investments | $262M |
| Other Investing Activities | $720M |
| NET CASH FROM INVESTING | $909M |
| Net Debt Issuance | -$585M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$49M |
| Other Financing Activities | -$124M |
| NET CASH FROM FINANCING | -$758M |
| FREE CASH FLOW | $60M |
| Net Change in Cash | $219M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $102M |
| Net Receivables | $106M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $413M |
| Goodwill | $1.1B |
| Intangible Assets | $84M |
| Long-Term Investments | $23.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $978M |
| TOTAL NON-CURRENT ASSETS | $26.3B |
| TOTAL ASSETS | $27.6B |
| Account Payables | $335M |
| Short-Term Debt | $509M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $22.6B |
| TOTAL CURRENT LIABILITIES | $23.5B |
| Long-Term Debt | $664M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $670M |
| TOTAL LIABILITIES | $24.1B |
| Common Stock | $2.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$233M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $27.6B |
| Total Debt | $1.2B |
| Net Debt | $84M |
