| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $93M | $89M | $89M | 4.9% | 5.5% |
| Op. Income | $26M | $24M | $24M | 8.0% | 10.4% |
| Gross Margin | 63.5% | 61.9% | 60.1% | 1.6pp | 3.4pp |
| Net Margin | 24.2% | 21.9% | 21.2% | 2.3pp | 3.0pp |
| EPS (Diluted) | $1.39 | $1.21 | $1.17 | 14.9% | 18.8% |
| Free Cash Flow | -$10M | -$5M | $8M | -125.3% | -223.3% |
| Item | Amount |
|---|---|
| REVENUE | $93M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $59M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $14M |
| Operating Expenses | $33M |
| Cost & Expenses | $67M |
| OPERATING INCOME | $26M |
| Interest Income | $82M |
| Interest Expense | $32M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $1M |
| EBIT | $26M |
| EBITDA | $27M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $93M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $59M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $14M |
| Operating Expenses | $33M |
| Cost & Expenses | $67M |
| OPERATING INCOME | $26M |
| Interest Income | $82M |
| Interest Expense | $32M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $1M |
| EBIT | $26M |
| EBITDA | $27M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $23M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $937.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | -$22M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$53M |
| Sales/Maturities of Investments | $21M |
| Other Investing Activities | -$61M |
| NET CASH FROM INVESTING | -$95M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$6M |
| Other Financing Activities | $29M |
| NET CASH FROM FINANCING | $14M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$89M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $296M |
| Short-Term Investments | $571M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $867M |
| PP&E (Net) | $55M |
| Goodwill | $49M |
| Intangible Assets | $0 |
| Long-Term Investments | $4.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $542M |
| TOTAL NON-CURRENT ASSETS | $5.3B |
| TOTAL ASSETS | $6.2B |
| Account Payables | $0 |
| Short-Term Debt | $334M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.7B |
| TOTAL CURRENT LIABILITIES | $5.0B |
| Long-Term Debt | $405M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $100M |
| TOTAL NON-CURRENT LIABILITIES | $505M |
| TOTAL LIABILITIES | $5.5B |
| Common Stock | $302M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $365M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$36M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $632M |
| Minority Interest | $0 |
| TOTAL EQUITY | $632M |
| TOTAL LIABILITIES & EQUITY | $6.2B |
| Total Debt | $739M |
| Net Debt | $443M |
