| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $272M | $268M | $282M | 1.5% | -3.4% |
| Op. Income | $27M | -$6M | $18M | 533.3% | 53.0% |
| Gross Margin | 29.6% | 17.1% | 22.0% | 12.5pp | 7.6pp |
| Net Margin | 8.1% | -2.2% | 5.5% | 10.2pp | 2.5pp |
| EPS (Diluted) | $0.42 | $-0.11 | $0.30 | 481.8% | 40.0% |
| Free Cash Flow | -$28M | -$12M | -$15M | -131.8% | -89.9% |
| Item | Amount |
|---|---|
| REVENUE | $272M |
| Cost of Revenue | $192M |
| GROSS PROFIT | $80M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $53M |
| Operating Expenses | $53M |
| Cost & Expenses | $245M |
| OPERATING INCOME | $27M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $4M |
| EBIT | $33M |
| EBITDA | $36M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $272M |
| Cost of Revenue | $192M |
| GROSS PROFIT | $80M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $53M |
| Operating Expenses | $53M |
| Cost & Expenses | $245M |
| OPERATING INCOME | $27M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $4M |
| EBIT | $33M |
| EBITDA | $36M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $22M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$59M |
| OPERATING CASH FLOW | -$28M |
| Capital Expenditure | $350.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $314M |
| Sales/Maturities of Investments | -$305M |
| Other Investing Activities | $20M |
| NET CASH FROM INVESTING | $30M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | -$28M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $42M |
| Short-Term Investments | $4.0B |
| Net Receivables | $632M |
| Inventory | $0 |
| Other Current Assets | -$4.1B |
| TOTAL CURRENT ASSETS | $551M |
| PP&E (Net) | $15M |
| Goodwill | $6M |
| Intangible Assets | $51M |
| Long-Term Investments | $355M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$228M |
| TOTAL NON-CURRENT ASSETS | $199M |
| TOTAL ASSETS | $5.5B |
| Account Payables | $22M |
| Short-Term Debt | $125M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$147M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $298M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $189M |
| TOTAL NON-CURRENT LIABILITIES | $503M |
| TOTAL LIABILITIES | $4.2B |
| Common Stock | $640.0K |
| Additional Paid-In Capital | $410M |
| Retained Earnings | $1.5B |
| Treasury Stock | -$470M |
| Accum. Other Comp. Income | -$117M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $5.5B |
| Total Debt | $439M |
| Net Debt | $397M |
