| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $254M | $267M | $242M | -4.9% | 4.7% |
| Op. Income | $32M | $63M | $49M | -48.9% | -34.0% |
| Gross Margin | 48.2% | 53.7% | 52.9% | -5.6pp | -4.8pp |
| Net Margin | 13.4% | 24.0% | 21.9% | -10.7pp | -8.5pp |
| EPS (Diluted) | $0.69 | $1.30 | $1.07 | -46.9% | -35.5% |
| Free Cash Flow | $44M | $84M | $53M | -47.3% | -16.7% |
| Item | Amount |
|---|---|
| REVENUE | $254M |
| Cost of Revenue | $131M |
| GROSS PROFIT | $122M |
| R&D Expenses | $35M |
| Selling & Marketing | $15M |
| General & Administrative | $25M |
| SG&A Expenses | $40M |
| Other Expenses | $15M |
| Operating Expenses | $90M |
| Cost & Expenses | $221M |
| OPERATING INCOME | $32M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $34M |
| D&A | $14M |
| EBIT | $38M |
| EBITDA | $53M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $254M |
| Cost of Revenue | $131M |
| GROSS PROFIT | $122M |
| R&D Expenses | $35M |
| Selling & Marketing | $15M |
| General & Administrative | $25M |
| SG&A Expenses | $40M |
| Other Expenses | $15M |
| Operating Expenses | $90M |
| Cost & Expenses | $221M |
| OPERATING INCOME | $32M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $34M |
| D&A | $14M |
| EBIT | $38M |
| EBITDA | $53M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $34M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $31M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | $58M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$211M |
| Sales/Maturities of Investments | $182M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$43M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $44M |
| Net Change in Cash | $14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $217M |
| Short-Term Investments | $677M |
| Net Receivables | $285M |
| Inventory | $270M |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $145M |
| Goodwill | $330M |
| Intangible Assets | $111M |
| Long-Term Investments | $8M |
| Tax Assets | $50M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $646M |
| TOTAL ASSETS | $2.1B |
| Account Payables | $38M |
| Short-Term Debt | $0 |
| Deferred Revenue | $45M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $156M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $4.0K |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $21M |
| TOTAL LIABILITIES | $177M |
| Common Stock | $49.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $705M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $13M |
| Net Debt | -$204M |
