| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $86M | $88M | $86M | -2.4% | -0.2% |
| Op. Income | $12M | $12M | $8M | -1.5% | 50.7% |
| Gross Margin | 49.8% | 49.4% | 43.3% | 0.5pp | 6.6pp |
| Net Margin | 11.0% | 10.8% | 7.6% | 0.2pp | 3.4pp |
| EPS (Diluted) | $0.15 | $0.15 | $0.10 | 0.0% | 50.0% |
| Free Cash Flow | $15M | $1M | -$4M | 1190.9% | 491.3% |
| Item | Amount |
|---|---|
| REVENUE | $86M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $43M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $25M |
| SG&A Expenses | $25M |
| Other Expenses | $6M |
| Operating Expenses | $31M |
| Cost & Expenses | $74M |
| OPERATING INCOME | $12M |
| Interest Income | $81M |
| Interest Expense | $43M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $0 |
| EBIT | $12M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $86M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $43M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $25M |
| SG&A Expenses | $25M |
| Other Expenses | $6M |
| Operating Expenses | $31M |
| Cost & Expenses | $74M |
| OPERATING INCOME | $12M |
| Interest Income | $81M |
| Interest Expense | $43M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $0 |
| EBIT | $12M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $956.0K |
| Deferred Income Tax | -$338.0K |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $14M |
| Capital Expenditure | $367.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $71M |
| Sales/Maturities of Investments | -$54M |
| Other Investing Activities | $23M |
| NET CASH FROM INVESTING | $40M |
| Net Debt Issuance | -$112M |
| Common Stock Repurchased | $415.0K |
| Common Dividends Paid | -$7M |
| Other Financing Activities | $78M |
| NET CASH FROM FINANCING | -$40M |
| FREE CASH FLOW | $15M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $147M |
| Short-Term Investments | $1.0B |
| Net Receivables | $5.7B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.9B |
| PP&E (Net) | $43M |
| Goodwill | $114M |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $52M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $209M |
| TOTAL ASSETS | $7.6B |
| Account Payables | $0 |
| Short-Term Debt | $895M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$895M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5.8B |
| TOTAL NON-CURRENT LIABILITIES | $6.9B |
| TOTAL LIABILITIES | $6.9B |
| Common Stock | $648.0K |
| Additional Paid-In Capital | $495M |
| Retained Earnings | $347M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$67M |
| Other Equity | -$18M |
| TOTAL STOCKHOLDERS' EQUITY | $757M |
| Minority Interest | $0 |
| TOTAL EQUITY | $757M |
| TOTAL LIABILITIES & EQUITY | $7.6B |
| Total Debt | $2.0B |
| Net Debt | $1.8B |
