| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $137M | $149M | $163M | -8.0% | -15.9% |
| Op. Income | $19M | $29M | $27M | -34.6% | -30.2% |
| Gross Margin | 59.7% | 61.5% | 55.2% | -1.8pp | 4.5pp |
| Net Margin | 10.7% | 15.0% | 12.9% | -4.3pp | -2.2pp |
| EPS (Diluted) | $0.47 | $0.71 | $0.67 | -33.8% | -29.9% |
| Free Cash Flow | $20M | $32M | $7M | -39.3% | 200.1% |
| Item | Amount |
|---|---|
| REVENUE | $137M |
| Cost of Revenue | $55M |
| GROSS PROFIT | $82M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $38M |
| SG&A Expenses | $39M |
| Other Expenses | $24M |
| Operating Expenses | $63M |
| Cost & Expenses | $119M |
| OPERATING INCOME | $19M |
| Interest Income | $135M |
| Interest Expense | $53M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $4M |
| EBIT | $19M |
| EBITDA | $23M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $137M |
| Cost of Revenue | $55M |
| GROSS PROFIT | $82M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $38M |
| SG&A Expenses | $39M |
| Other Expenses | $24M |
| Operating Expenses | $63M |
| Cost & Expenses | $119M |
| OPERATING INCOME | $19M |
| Interest Income | $135M |
| Interest Expense | $53M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $4M |
| EBIT | $19M |
| EBITDA | $23M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $21M |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | $21M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$241M |
| Sales/Maturities of Investments | $280M |
| Other Investing Activities | -$102M |
| NET CASH FROM INVESTING | -$64M |
| Net Debt Issuance | $115M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | -$5M |
| Other Financing Activities | -$215M |
| NET CASH FROM FINANCING | -$109M |
| FREE CASH FLOW | $20M |
| Net Change in Cash | -$152M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $334M |
| Short-Term Investments | $775M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $123M |
| Goodwill | $129M |
| Intangible Assets | $36M |
| Long-Term Investments | $8.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $311M |
| TOTAL NON-CURRENT ASSETS | $8.6B |
| TOTAL ASSETS | $9.7B |
| Account Payables | $0 |
| Short-Term Debt | $122M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8.1B |
| TOTAL CURRENT LIABILITIES | $8.2B |
| Long-Term Debt | $96M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $132M |
| TOTAL NON-CURRENT LIABILITIES | $228M |
| TOTAL LIABILITIES | $8.5B |
| Common Stock | $156M |
| Additional Paid-In Capital | $538M |
| Retained Earnings | $585M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$74M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $9.7B |
| Total Debt | $218M |
| Net Debt | -$117M |
