| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $89M | $73M | $65M | 22.5% | 37.7% |
| Op. Income | $33M | $25M | $22M | 33.7% | 49.5% |
| Gross Margin | 56.6% | 57.0% | 57.4% | -0.3pp | -0.7pp |
| Net Margin | 25.2% | 23.5% | 21.7% | 1.7pp | 3.5pp |
| EPS (Diluted) | $2.74 | $2.11 | $1.85 | 29.9% | 48.1% |
| Free Cash Flow | $9M | $3M | $2M | 253.6% | 347.2% |
| Item | Amount |
|---|---|
| REVENUE | $89M |
| Cost of Revenue | $39M |
| GROSS PROFIT | $50M |
| R&D Expenses | $0 |
| Selling & Marketing | $94.0K |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $5M |
| Operating Expenses | $17M |
| Cost & Expenses | $56M |
| OPERATING INCOME | $33M |
| Interest Income | $85M |
| Interest Expense | $37M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $787.0K |
| EBIT | $33M |
| EBITDA | $34M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $89M |
| Cost of Revenue | $39M |
| GROSS PROFIT | $50M |
| R&D Expenses | $0 |
| Selling & Marketing | $94.0K |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $5M |
| Operating Expenses | $17M |
| Cost & Expenses | $56M |
| OPERATING INCOME | $33M |
| Interest Income | $85M |
| Interest Expense | $37M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $787.0K |
| EBIT | $33M |
| EBITDA | $34M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $22M |
| Depreciation & Amortization | $787.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $1.0K |
| Other Non-Cash Items | -$15M |
| Change in Working Capital | -$914.0K |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$74.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $9M |
| Other Investing Activities | -$93M |
| NET CASH FROM INVESTING | -$84M |
| Net Debt Issuance | $68M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$93.0K |
| Other Financing Activities | $26M |
| NET CASH FROM FINANCING | $122M |
| FREE CASH FLOW | $9M |
| Net Change in Cash | $48M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $365M |
| Short-Term Investments | $24M |
| Net Receivables | $17M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $405M |
| PP&E (Net) | $26M |
| Goodwill | $0 |
| Intangible Assets | $841.0K |
| Long-Term Investments | $3.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $59M |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $4.1B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3.2B |
| TOTAL CURRENT LIABILITIES | $3.2B |
| Long-Term Debt | $408M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $60M |
| TOTAL NON-CURRENT LIABILITIES | $488M |
| TOTAL LIABILITIES | $3.6B |
| Common Stock | $8M |
| Additional Paid-In Capital | $92M |
| Retained Earnings | $343M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $14.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $444M |
| Minority Interest | $0 |
| TOTAL EQUITY | $444M |
| TOTAL LIABILITIES & EQUITY | $4.1B |
| Total Debt | $427M |
| Net Debt | $62M |
