| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $261M | $266M | $246M | -1.9% | 6.1% |
| Op. Income | $41M | $43M | $21M | -4.7% | 95.2% |
| Gross Margin | 77.8% | 78.2% | 74.8% | -0.4pp | 3.0pp |
| Net Margin | 146.7% | 100.8% | 79.3% | 46.0pp | 67.5pp |
| EPS (Diluted) | $2.68 | $1.87 | $1.36 | 43.3% | 97.1% |
| Free Cash Flow | $37M | $13M | -$35M | 184.6% | 205.7% |
| Item | Amount |
|---|---|
| REVENUE | $261M |
| Cost of Revenue | $58M |
| GROSS PROFIT | $203M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $110M |
| Other Expenses | $52M |
| Operating Expenses | $162M |
| Cost & Expenses | $220M |
| OPERATING INCOME | $41M |
| Interest Income | $0 |
| Interest Expense | $40M |
| Other Income/Expenses | $373M |
| INCOME BEFORE TAX | $414M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $383M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $383M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $383M |
| D&A | $52M |
| EBIT | $41M |
| EBITDA | $93M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $261M |
| Cost of Revenue | $58M |
| GROSS PROFIT | $203M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $110M |
| Other Expenses | $52M |
| Operating Expenses | $162M |
| Cost & Expenses | $220M |
| OPERATING INCOME | $41M |
| Interest Income | $0 |
| Interest Expense | $40M |
| Other Income/Expenses | $373M |
| INCOME BEFORE TAX | $414M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $383M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $383M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $383M |
| D&A | $52M |
| EBIT | $41M |
| EBITDA | $93M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $383M |
| Depreciation & Amortization | $52M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $17M |
| Other Non-Cash Items | -$407M |
| Change in Working Capital | $40M |
| OPERATING CASH FLOW | $91M |
| Capital Expenditure | -$54M |
| Acquisitions (Net) | $300M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $8M |
| NET CASH FROM INVESTING | $254M |
| Net Debt Issuance | -$713M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$714M |
| FREE CASH FLOW | $37M |
| Net Change in Cash | -$369M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $180M |
| Short-Term Investments | $0 |
| Net Receivables | $133M |
| Inventory | $0 |
| Other Current Assets | $51M |
| TOTAL CURRENT ASSETS | $364M |
| PP&E (Net) | $1.2B |
| Goodwill | $755M |
| Intangible Assets | $983M |
| Long-Term Investments | $13.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $227M |
| TOTAL NON-CURRENT ASSETS | $16.2B |
| TOTAL ASSETS | $16.6B |
| Account Payables | $107M |
| Short-Term Debt | $396M |
| Deferred Revenue | $24M |
| Other Current Liabilities | $77M |
| TOTAL CURRENT LIABILITIES | $604M |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $130M |
| Deferred Tax Liabilities | $2.4B |
| Other Non-Current Liabilities | $329M |
| TOTAL NON-CURRENT LIABILITIES | $5.6B |
| TOTAL LIABILITIES | $6.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | $7.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $24M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.4B |
| Minority Interest | $18M |
| TOTAL EQUITY | $10.4B |
| TOTAL LIABILITIES & EQUITY | $16.6B |
| Total Debt | $3.1B |
| Net Debt | $3.0B |
