| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $121M | $84M | $82M | 43.2% | 46.3% |
| Op. Income | $59M | $16M | $19M | 280.6% | 210.8% |
| Gross Margin | 70.6% | 37.8% | 42.4% | 32.8pp | 28.3pp |
| Net Margin | 45.9% | 12.0% | 11.4% | 33.9pp | 34.5pp |
| EPS (Diluted) | $1.30 | $0.24 | $0.22 | 441.7% | 490.9% |
| Free Cash Flow | $33M | -$2M | $56M | 1578.4% | -40.5% |
| Item | Amount |
|---|---|
| REVENUE | $121M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $85M |
| R&D Expenses | $0 |
| Selling & Marketing | $144.5K |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $14M |
| Operating Expenses | $26M |
| Cost & Expenses | $61M |
| OPERATING INCOME | $59M |
| Interest Income | $3M |
| Interest Expense | $8M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $55M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $55M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $55M |
| D&A | $16M |
| EBIT | $63M |
| EBITDA | $79M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $121M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $85M |
| R&D Expenses | $0 |
| Selling & Marketing | $144.5K |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $14M |
| Operating Expenses | $26M |
| Cost & Expenses | $61M |
| OPERATING INCOME | $59M |
| Interest Income | $3M |
| Interest Expense | $8M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $55M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $55M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $55M |
| D&A | $16M |
| EBIT | $63M |
| EBITDA | $79M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $55M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$34M |
| OPERATING CASH FLOW | $46M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | -$13M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$26M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$43M |
| FREE CASH FLOW | $33M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $268M |
| Short-Term Investments | $0 |
| Net Receivables | $92M |
| Inventory | $2M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $382M |
| PP&E (Net) | $1.3B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $54M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $7M |
| Short-Term Debt | $54M |
| Deferred Revenue | $560.6K |
| Other Current Liabilities | $386.2K |
| TOTAL CURRENT LIABILITIES | $115M |
| Long-Term Debt | $472M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $599M |
| TOTAL LIABILITIES | $714M |
| Common Stock | $546.1K |
| Additional Paid-In Capital | $874M |
| Retained Earnings | $330M |
| Treasury Stock | -$138M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $698M |
| Net Debt | $430M |
