| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $200M | $185M | $173M | 8.5% | 16.0% |
| Op. Income | $48M | $56M | $21M | -14.3% | 125.6% |
| Gross Margin | 81.0% | 82.7% | 81.4% | -1.7pp | -0.4pp |
| Net Margin | 19.8% | 24.7% | 6.7% | -4.8pp | 13.1pp |
| EPS (Diluted) | $0.68 | $0.78 | $0.20 | -12.8% | 240.0% |
| Free Cash Flow | $79M | $34M | $42M | 134.3% | 88.9% |
| Item | Amount |
|---|---|
| REVENUE | $200M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $162M |
| R&D Expenses | $50M |
| Selling & Marketing | $30M |
| General & Administrative | $34M |
| SG&A Expenses | $64M |
| Other Expenses | $0 |
| Operating Expenses | $114M |
| Cost & Expenses | $152M |
| OPERATING INCOME | $48M |
| Interest Income | $5M |
| Interest Expense | $4M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $50M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $6M |
| EBIT | $53M |
| EBITDA | $59M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $200M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $162M |
| R&D Expenses | $50M |
| Selling & Marketing | $30M |
| General & Administrative | $34M |
| SG&A Expenses | $64M |
| Other Expenses | $0 |
| Operating Expenses | $114M |
| Cost & Expenses | $152M |
| OPERATING INCOME | $48M |
| Interest Income | $5M |
| Interest Expense | $4M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $50M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $6M |
| EBIT | $53M |
| EBITDA | $59M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $40M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $15M |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | $79M |
| Capital Expenditure | -$4.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$24M |
| Sales/Maturities of Investments | $19M |
| Other Investing Activities | -$15M |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $79M |
| Net Change in Cash | $57M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $546M |
| Short-Term Investments | $19M |
| Net Receivables | $93M |
| Inventory | $6M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $691M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $101M |
| Long-Term Investments | $107M |
| Tax Assets | $0 |
| Other Non-Current Assets | $206M |
| TOTAL NON-CURRENT ASSETS | $417M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $28M |
| Short-Term Debt | $19M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $180M |
| Long-Term Debt | $153M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $155M |
| TOTAL LIABILITIES | $335M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $685M |
| Retained Earnings | $88M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $239.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $773M |
| Minority Interest | $0 |
| TOTAL EQUITY | $773M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $173M |
| Net Debt | -$373M |
