| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $144M | $132M | $138M | 8.9% | 4.5% |
| Op. Income | $33M | $30M | $31M | 11.0% | 6.0% |
| Gross Margin | 70.2% | 69.9% | 68.9% | 0.3pp | 1.3pp |
| Net Margin | 18.3% | 17.8% | 17.8% | 0.5pp | 0.5pp |
| EPS (Diluted) | $0.93 | $0.83 | $0.88 | 12.0% | 5.7% |
| Free Cash Flow | $13M | $24M | $20M | -46.5% | -34.5% |
| Item | Amount |
|---|---|
| REVENUE | $144M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $101M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $40M |
| SG&A Expenses | $40M |
| Other Expenses | $29M |
| Operating Expenses | $68M |
| Cost & Expenses | $111M |
| OPERATING INCOME | $33M |
| Interest Income | $117M |
| Interest Expense | $38M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $3M |
| EBIT | $33M |
| EBITDA | $36M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $144M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $101M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $40M |
| SG&A Expenses | $40M |
| Other Expenses | $29M |
| Operating Expenses | $68M |
| Cost & Expenses | $111M |
| OPERATING INCOME | $33M |
| Interest Income | $117M |
| Interest Expense | $38M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $3M |
| EBIT | $33M |
| EBITDA | $36M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $26M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$18M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | -$45M |
| NET CASH FROM INVESTING | -$44M |
| Net Debt Issuance | $71M |
| Common Stock Repurchased | -$590.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $123M |
| NET CASH FROM FINANCING | $193M |
| FREE CASH FLOW | $13M |
| Net Change in Cash | $164M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $785M |
| Short-Term Investments | $473M |
| Net Receivables | $34M |
| Inventory | $0 |
| Other Current Assets | -$34M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $82M |
| Goodwill | $93M |
| Intangible Assets | $6M |
| Long-Term Investments | $7.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$7.0B |
| TOTAL NON-CURRENT ASSETS | $182M |
| TOTAL ASSETS | $8.4B |
| Account Payables | $7M |
| Short-Term Debt | $11M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7.1B |
| TOTAL CURRENT LIABILITIES | $7.1B |
| Long-Term Debt | $76M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $146M |
| TOTAL NON-CURRENT LIABILITIES | $222M |
| TOTAL LIABILITIES | $7.3B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $548M |
| Retained Earnings | $583M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$36M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $8.4B |
| Total Debt | $87M |
| Net Debt | -$698M |
