| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $343M | $332M | $270M | 3.3% | 27.1% |
| Op. Income | $102M | $92M | -$21M | 11.5% | 580.5% |
| Gross Margin | 63.2% | 62.6% | 34.8% | 0.6pp | 28.4pp |
| Net Margin | 21.0% | 19.3% | -4.3% | 1.7pp | 25.2pp |
| EPS (Diluted) | $0.55 | $0.49 | $-0.11 | 12.2% | 600.0% |
| Free Cash Flow | $183M | $87M | $76M | 108.9% | 141.7% |
| Item | Amount |
|---|---|
| REVENUE | $343M |
| Cost of Revenue | $126M |
| GROSS PROFIT | $217M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $67M |
| SG&A Expenses | $68M |
| Other Expenses | $47M |
| Operating Expenses | $115M |
| Cost & Expenses | $241M |
| OPERATING INCOME | $102M |
| Interest Income | $316M |
| Interest Expense | $129M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $102M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $72M |
| D&A | $17M |
| EBIT | $102M |
| EBITDA | $119M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $343M |
| Cost of Revenue | $126M |
| GROSS PROFIT | $217M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $67M |
| SG&A Expenses | $68M |
| Other Expenses | $47M |
| Operating Expenses | $115M |
| Cost & Expenses | $241M |
| OPERATING INCOME | $102M |
| Interest Income | $316M |
| Interest Expense | $129M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $102M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $72M |
| D&A | $17M |
| EBIT | $102M |
| EBITDA | $119M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $72M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $136M |
| Change in Working Capital | -$44M |
| OPERATING CASH FLOW | $187M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$223M |
| Sales/Maturities of Investments | $107M |
| Other Investing Activities | -$307M |
| NET CASH FROM INVESTING | -$427M |
| Net Debt Issuance | $38M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$31M |
| Other Financing Activities | $258M |
| NET CASH FROM FINANCING | $265M |
| FREE CASH FLOW | $183M |
| Net Change in Cash | $25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $259M |
| Short-Term Investments | $3.0B |
| Net Receivables | $93M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $116M |
| Goodwill | $0 |
| Intangible Assets | $800M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $916M |
| TOTAL ASSETS | $24.5B |
| Account Payables | $0 |
| Short-Term Debt | $99M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $18.8B |
| TOTAL CURRENT LIABILITIES | $18.9B |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $305M |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $21.8B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $1.1B |
| Treasury Stock | -$91M |
| Accum. Other Comp. Income | -$104M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $24.5B |
| Total Debt | $2.8B |
| Net Debt | $2.5B |
