| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $392M | $400M | $379M | -2.1% | 3.3% |
| Op. Income | $37M | $48M | $5M | -23.2% | 693.5% |
| Gross Margin | 32.0% | 33.6% | 24.0% | -1.6pp | 8.1pp |
| Net Margin | 7.5% | 9.5% | 1.0% | -2.0pp | 6.5pp |
| EPS (Diluted) | $0.71 | $0.92 | $0.09 | -22.8% | 688.9% |
| Free Cash Flow | $131M | $141M | $40M | -6.7% | 226.6% |
| Item | Amount |
|---|---|
| REVENUE | $392M |
| Cost of Revenue | $266M |
| GROSS PROFIT | $126M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $89M |
| Operating Expenses | $89M |
| Cost & Expenses | $355M |
| OPERATING INCOME | $37M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $7M |
| EBIT | $45M |
| EBITDA | $52M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $392M |
| Cost of Revenue | $266M |
| GROSS PROFIT | $126M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $89M |
| Operating Expenses | $89M |
| Cost & Expenses | $355M |
| OPERATING INCOME | $37M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $7M |
| EBIT | $45M |
| EBITDA | $52M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $89M |
| OPERATING CASH FLOW | $131M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | -$11M |
| Purchases of Investments | -$239M |
| Sales/Maturities of Investments | $211M |
| Other Investing Activities | $900.0K |
| NET CASH FROM INVESTING | -$37M |
| Net Debt Issuance | -$66M |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | -$14M |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | -$84M |
| FREE CASH FLOW | $131M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $41M |
| Short-Term Investments | $5.5B |
| Net Receivables | $404M |
| Inventory | $0 |
| Other Current Assets | -$404M |
| TOTAL CURRENT ASSETS | $5.5B |
| PP&E (Net) | $0 |
| Goodwill | $54M |
| Intangible Assets | $149M |
| Long-Term Investments | $6.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$6.9B |
| TOTAL NON-CURRENT ASSETS | $203M |
| TOTAL ASSETS | $14.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $548M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12.8B |
| TOTAL NON-CURRENT LIABILITIES | $13.4B |
| TOTAL LIABILITIES | $13.4B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $530M |
| Retained Earnings | $1.6B |
| Treasury Stock | -$540M |
| Accum. Other Comp. Income | -$217M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $14.7B |
| Total Debt | $548M |
| Net Debt | $507M |
