| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $331M | $300M | $278M | 10.5% | 19.0% |
| Op. Income | $54M | $16M | $19M | 244.0% | 178.0% |
| Gross Margin | 63.0% | 53.2% | 54.5% | 9.8pp | 8.5pp |
| Net Margin | 11.5% | 3.9% | 5.4% | 7.6pp | 6.2pp |
| EPS (Diluted) | $0.33 | $0.10 | $0.13 | 230.0% | 153.8% |
| Free Cash Flow | -$804M | -$352M | -$945M | -128.1% | 15.0% |
| Item | Amount |
|---|---|
| REVENUE | $331M |
| Cost of Revenue | $123M |
| GROSS PROFIT | $209M |
| R&D Expenses | $0 |
| Selling & Marketing | $34M |
| General & Administrative | $62M |
| SG&A Expenses | $96M |
| Other Expenses | $59M |
| Operating Expenses | $155M |
| Cost & Expenses | $277M |
| OPERATING INCOME | $54M |
| Interest Income | $237M |
| Interest Expense | $83M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $54M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $15M |
| EBIT | $54M |
| EBITDA | $69M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $331M |
| Cost of Revenue | $123M |
| GROSS PROFIT | $209M |
| R&D Expenses | $0 |
| Selling & Marketing | $34M |
| General & Administrative | $62M |
| SG&A Expenses | $96M |
| Other Expenses | $59M |
| Operating Expenses | $155M |
| Cost & Expenses | $277M |
| OPERATING INCOME | $54M |
| Interest Income | $237M |
| Interest Expense | $83M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $54M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $15M |
| EBIT | $54M |
| EBITDA | $69M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $38M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$814M |
| Change in Working Capital | $38M |
| OPERATING CASH FLOW | -$713M |
| Capital Expenditure | -$91M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $435M |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | $337M |
| Net Debt Issuance | $234M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $230M |
| FREE CASH FLOW | -$804M |
| Net Change in Cash | -$146M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $753M |
| Short-Term Investments | $3.5B |
| Net Receivables | $90M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $842M |
| PP&E (Net) | $263M |
| Goodwill | $76M |
| Intangible Assets | $7M |
| Long-Term Investments | $3.2B |
| Tax Assets | $122M |
| Other Non-Current Assets | $6.3B |
| TOTAL NON-CURRENT ASSETS | $9.9B |
| TOTAL ASSETS | $10.8B |
| Account Payables | $68M |
| Short-Term Debt | $7M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $921M |
| TOTAL CURRENT LIABILITIES | $995M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8.4B |
| TOTAL NON-CURRENT LIABILITIES | $8.4B |
| TOTAL LIABILITIES | $9.4B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$288M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$26M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $10.8B |
| Total Debt | $22M |
| Net Debt | -$730M |
