| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $208M | $212M | $204M | -1.6% | 2.2% |
| Op. Income | $63M | $49M | $25M | 27.5% | 153.4% |
| Gross Margin | 42.9% | 31.3% | 24.8% | 11.6pp | 18.1pp |
| Net Margin | 23.1% | 14.4% | 9.3% | 8.7pp | 13.8pp |
| EPS (Diluted) | $1.55 | $0.99 | $0.61 | 56.6% | 154.1% |
| Free Cash Flow | $42M | -$1M | $150M | 3416.7% | -72.1% |
| Item | Amount |
|---|---|
| REVENUE | $208M |
| Cost of Revenue | $119M |
| GROSS PROFIT | $89M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $24M |
| SG&A Expenses | $24M |
| Other Expenses | $2M |
| Operating Expenses | $26M |
| Cost & Expenses | $145M |
| OPERATING INCOME | $63M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $63M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $48M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $48M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $48M |
| D&A | $3M |
| EBIT | $65M |
| EBITDA | $68M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $208M |
| Cost of Revenue | $119M |
| GROSS PROFIT | $89M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $24M |
| SG&A Expenses | $24M |
| Other Expenses | $2M |
| Operating Expenses | $26M |
| Cost & Expenses | $145M |
| OPERATING INCOME | $63M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $63M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $48M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $48M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $48M |
| D&A | $3M |
| EBIT | $65M |
| EBITDA | $68M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $48M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | $73.0K |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | $43M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $16.0K |
| Purchases of Investments | -$64M |
| Sales/Maturities of Investments | $72M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $7M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $42M |
| Net Change in Cash | $48M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $473M |
| Short-Term Investments | $98M |
| Net Receivables | $643M |
| Inventory | $0 |
| Other Current Assets | -$1.7B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $58M |
| Goodwill | $0 |
| Intangible Assets | $33M |
| Long-Term Investments | $666M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$758M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $2.5B |
| Account Payables | $520M |
| Short-Term Debt | $75M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$613M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $17M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$40M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $366M |
| Retained Earnings | $166M |
| Treasury Stock | -$131M |
| Accum. Other Comp. Income | -$18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $383M |
| Minority Interest | $0 |
| TOTAL EQUITY | $383M |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $115M |
| Net Debt | -$358M |
