| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $123M | $111M | $52M | 10.9% | 136.1% |
| Op. Income | $39M | $13M | $27M | 193.9% | 47.3% |
| Gross Margin | 72.0% | 59.5% | 49.7% | 12.5pp | 22.3pp |
| Net Margin | 25.5% | 9.5% | 39.3% | 16.0pp | -13.9pp |
| EPS (Diluted) | $0.86 | $0.30 | $0.69 | 186.7% | 24.6% |
| Free Cash Flow | $26M | $37M | $17M | -28.7% | 53.6% |
| Item | Amount |
|---|---|
| REVENUE | $123M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $89M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $2M |
| SG&A Expenses | $3M |
| Other Expenses | $46M |
| Operating Expenses | $50M |
| Cost & Expenses | $84M |
| OPERATING INCOME | $39M |
| Interest Income | $106M |
| Interest Expense | $33M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $39M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $5M |
| EBIT | $39M |
| EBITDA | $44M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $123M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $89M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $2M |
| SG&A Expenses | $3M |
| Other Expenses | $46M |
| Operating Expenses | $50M |
| Cost & Expenses | $84M |
| OPERATING INCOME | $39M |
| Interest Income | $106M |
| Interest Expense | $33M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $39M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $5M |
| EBIT | $39M |
| EBITDA | $44M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $31M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $799.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $27M |
| Capital Expenditure | -$751.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$148M |
| Sales/Maturities of Investments | $142M |
| Other Investing Activities | -$94M |
| NET CASH FROM INVESTING | -$100M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$11M |
| Other Financing Activities | -$143M |
| NET CASH FROM FINANCING | -$169M |
| FREE CASH FLOW | $26M |
| Net Change in Cash | -$242M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $100M |
| Short-Term Investments | $1.1B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $139M |
| Goodwill | $378M |
| Intangible Assets | $39M |
| Long-Term Investments | $6.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $373M |
| TOTAL NON-CURRENT ASSETS | $7.1B |
| TOTAL ASSETS | $8.3B |
| Account Payables | $0 |
| Short-Term Debt | $23M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7.0B |
| TOTAL CURRENT LIABILITIES | $7.0B |
| Long-Term Debt | $179M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $54M |
| TOTAL NON-CURRENT LIABILITIES | $233M |
| TOTAL LIABILITIES | $7.2B |
| Common Stock | $37M |
| Additional Paid-In Capital | $706M |
| Retained Earnings | $534M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$208M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $8.3B |
| Total Debt | $202M |
| Net Debt | $102M |
