| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $87M | $85M | $89M | 3.0% | -2.2% |
| Op. Income | $30M | $31M | $33M | -4.1% | -9.9% |
| Gross Margin | 58.5% | 59.1% | 56.6% | -0.6pp | 1.8pp |
| Net Margin | 23.8% | 26.7% | 25.2% | -2.8pp | -1.4pp |
| EPS (Diluted) | $2.47 | $2.67 | $2.74 | -7.5% | -9.9% |
| Free Cash Flow | -$57M | $21M | $9M | -369.7% | -721.7% |
| Item | Amount |
|---|---|
| REVENUE | $87M |
| Cost of Revenue | $36M |
| GROSS PROFIT | $51M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $7M |
| Operating Expenses | $21M |
| Cost & Expenses | $57M |
| OPERATING INCOME | $30M |
| Interest Income | $84M |
| Interest Expense | $35M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $0 |
| EBIT | $30M |
| EBITDA | $30M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $87M |
| Cost of Revenue | $36M |
| GROSS PROFIT | $51M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $7M |
| Operating Expenses | $21M |
| Cost & Expenses | $57M |
| OPERATING INCOME | $30M |
| Interest Income | $84M |
| Interest Expense | $35M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $0 |
| EBIT | $30M |
| EBITDA | $30M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $21M |
| Depreciation & Amortization | $786.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$1.0K |
| Other Non-Cash Items | -$73M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$56M |
| Capital Expenditure | -$252.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | -$594M |
| NET CASH FROM INVESTING | -$592M |
| Net Debt Issuance | $184M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$94.0K |
| Other Financing Activities | $569M |
| NET CASH FROM FINANCING | $752M |
| FREE CASH FLOW | -$57M |
| Net Change in Cash | $104M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $446M |
| Short-Term Investments | $5M |
| Net Receivables | $19M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $470M |
| PP&E (Net) | $24M |
| Goodwill | $0 |
| Intangible Assets | $639.0K |
| Long-Term Investments | $4.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $71M |
| TOTAL NON-CURRENT ASSETS | $4.5B |
| TOTAL ASSETS | $4.9B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3.8B |
| TOTAL CURRENT LIABILITIES | $3.8B |
| Long-Term Debt | $501M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $73M |
| TOTAL NON-CURRENT LIABILITIES | $592M |
| TOTAL LIABILITIES | $4.4B |
| Common Stock | $9M |
| Additional Paid-In Capital | $97M |
| Retained Earnings | $430M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $536M |
| Minority Interest | $0 |
| TOTAL EQUITY | $536M |
| TOTAL LIABILITIES & EQUITY | $4.9B |
| Total Debt | $519M |
| Net Debt | $73M |
