| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $247M | $289M | $227M | -14.5% | 8.8% |
| Op. Income | $52M | $88M | $43M | -41.2% | 21.2% |
| Gross Margin | 49.0% | 55.6% | 47.6% | -6.6pp | 1.4pp |
| Net Margin | 16.8% | 24.8% | 15.3% | -8.0pp | 1.5pp |
| EPS (Diluted) | $1.48 | $2.52 | $1.19 | -41.3% | 24.4% |
| Free Cash Flow | $115M | $59M | $90M | 96.7% | 28.9% |
| Item | Amount |
|---|---|
| REVENUE | $247M |
| Cost of Revenue | $126M |
| GROSS PROFIT | $121M |
| R&D Expenses | $0 |
| Selling & Marketing | $56M |
| General & Administrative | $11M |
| SG&A Expenses | $67M |
| Other Expenses | $2M |
| Operating Expenses | $70M |
| Cost & Expenses | $196M |
| OPERATING INCOME | $52M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $10M |
| EBIT | $55M |
| EBITDA | $65M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $247M |
| Cost of Revenue | $126M |
| GROSS PROFIT | $121M |
| R&D Expenses | $0 |
| Selling & Marketing | $56M |
| General & Administrative | $11M |
| SG&A Expenses | $67M |
| Other Expenses | $2M |
| Operating Expenses | $70M |
| Cost & Expenses | $196M |
| OPERATING INCOME | $52M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $10M |
| EBIT | $55M |
| EBITDA | $65M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $42M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$789.0K |
| Other Non-Cash Items | -$395.0K |
| Change in Working Capital | $70M |
| OPERATING CASH FLOW | $124M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$32M |
| Sales/Maturities of Investments | $12M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$29M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$47M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$47M |
| FREE CASH FLOW | $115M |
| Net Change in Cash | $48M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $192M |
| Short-Term Investments | $182M |
| Net Receivables | $34M |
| Inventory | $0 |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $422M |
| PP&E (Net) | $278M |
| Goodwill | $161M |
| Intangible Assets | $156M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $599M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $24M |
| Short-Term Debt | $0 |
| Deferred Revenue | $14M |
| Other Current Liabilities | $33M |
| TOTAL CURRENT LIABILITIES | $119M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $28M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $124M |
| TOTAL LIABILITIES | $243M |
| Common Stock | $542.0K |
| Additional Paid-In Capital | $344M |
| Retained Earnings | $2.6B |
| Treasury Stock | -$2.2B |
| Accum. Other Comp. Income | $165.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $778M |
| Minority Interest | $0 |
| TOTAL EQUITY | $778M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $108M |
| Net Debt | -$84M |
