| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $153M | — | $104M | — | 47.1% |
| Op. Income | -$87M | — | -$55M | — | -57.1% |
| Gross Margin | 79.0% | — | 70.6% | — | 8.4pp |
| Net Margin | 31.2% | — | 31.0% | — | 0.2pp |
| EPS (Diluted) | $0.82 | — | $0.55 | — | 48.7% |
| Free Cash Flow | $78M | — | $48M | — | 65.0% |
| Item | Amount |
|---|---|
| REVENUE | $153M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $121M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $34M |
| SG&A Expenses | $39M |
| Other Expenses | $168M |
| Operating Expenses | $207M |
| Cost & Expenses | $239M |
| OPERATING INCOME | -$87M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $149M |
| INCOME BEFORE TAX | $62M |
| Income Tax Expense | $14M |
| 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 | $1M |
| EBIT | $61M |
| EBITDA | $62M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $48M |
| Depreciation & Amortization | $126.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $15M |
| Change in Working Capital | $16M |
| OPERATING CASH FLOW | $79M |
| Capital Expenditure | -$396.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | -$29M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$16M |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$43M |
| FREE CASH FLOW | $78M |
| Net Change in Cash | $25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $52M |
| Short-Term Investments | $0 |
| Net Receivables | $1.6B |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $2M |
| Goodwill | $58M |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $78M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$1.1B |
| TOTAL CURRENT LIABILITIES | $76M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $94M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $6.0K |
| Additional Paid-In Capital | -$69M |
| Retained Earnings | $478M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $411M |
| Minority Interest | $0 |
| TOTAL EQUITY | $411M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $1.2B |
| Net Debt | $1.1B |
