| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $198M | $198M | $203M | -0.2% | -2.6% |
| Op. Income | $55M | $55M | $52M | -0.7% | 5.8% |
| Gross Margin | 73.9% | 74.7% | 70.2% | -0.8pp | 3.7pp |
| Net Margin | 26.9% | 27.1% | 24.9% | -0.2pp | 2.0pp |
| EPS (Diluted) | $1.25 | $1.23 | $1.09 | 1.6% | 14.7% |
| Free Cash Flow | $94M | $55M | $83M | 69.1% | 12.5% |
| Item | Amount |
|---|---|
| REVENUE | $198M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $146M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $45M |
| SG&A Expenses | $47M |
| Other Expenses | $45M |
| Operating Expenses | $92M |
| Cost & Expenses | $143M |
| OPERATING INCOME | $55M |
| Interest Income | $141M |
| Interest Expense | $52M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $53M |
| D&A | $8M |
| EBIT | $55M |
| EBITDA | $62M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $198M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $146M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $45M |
| SG&A Expenses | $47M |
| Other Expenses | $45M |
| Operating Expenses | $92M |
| Cost & Expenses | $143M |
| OPERATING INCOME | $55M |
| Interest Income | $141M |
| Interest Expense | $52M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $53M |
| D&A | $8M |
| EBIT | $55M |
| EBITDA | $62M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $53M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $14M |
| Change in Working Capital | $34M |
| OPERATING CASH FLOW | $101M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$681M |
| Sales/Maturities of Investments | $39M |
| Other Investing Activities | $57M |
| NET CASH FROM INVESTING | -$592M |
| Net Debt Issuance | -$100M |
| Common Stock Repurchased | -$45M |
| Common Dividends Paid | -$18M |
| Other Financing Activities | -$28M |
| NET CASH FROM FINANCING | -$192M |
| FREE CASH FLOW | $94M |
| Net Change in Cash | -$638M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $3.4B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.8B |
| PP&E (Net) | $197M |
| Goodwill | $26M |
| Intangible Assets | $66M |
| Long-Term Investments | $7.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $9.4B |
| TOTAL ASSETS | $14.2B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12.7B |
| TOTAL CURRENT LIABILITIES | $12.8B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $13.1B |
| TOTAL NON-CURRENT LIABILITIES | $13.1B |
| TOTAL LIABILITIES | $13.1B |
| Common Stock | $417.0K |
| Additional Paid-In Capital | $881M |
| Retained Earnings | $455M |
| Treasury Stock | -$25M |
| Accum. Other Comp. Income | -$242M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $14.2B |
| Total Debt | $38M |
| Net Debt | -$1.9B |
