| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $195M | $190M | $173M | 2.9% | 12.9% |
| Op. Income | $10M | $2M | -$14M | 349.5% | 171.8% |
| Gross Margin | 53.6% | 53.2% | 50.2% | 0.4pp | 3.4pp |
| Net Margin | 6.0% | 2.5% | -7.6% | 3.5pp | 13.6pp |
| EPS (Diluted) | $0.18 | $0.07 | $-0.22 | 157.1% | 181.8% |
| Free Cash Flow | $52M | $38M | $29M | 38.1% | 81.7% |
| Item | Amount |
|---|---|
| REVENUE | $195M |
| Cost of Revenue | $91M |
| GROSS PROFIT | $105M |
| R&D Expenses | $37M |
| Selling & Marketing | $27M |
| General & Administrative | $31M |
| SG&A Expenses | $58M |
| Other Expenses | -$261.0K |
| Operating Expenses | $95M |
| Cost & Expenses | $185M |
| OPERATING INCOME | $10M |
| Interest Income | $5M |
| Interest Expense | $1M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $14M |
| EBIT | $15M |
| EBITDA | $28M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $195M |
| Cost of Revenue | $91M |
| GROSS PROFIT | $105M |
| R&D Expenses | $37M |
| Selling & Marketing | $27M |
| General & Administrative | $31M |
| SG&A Expenses | $58M |
| Other Expenses | -$261.0K |
| Operating Expenses | $95M |
| Cost & Expenses | $185M |
| OPERATING INCOME | $10M |
| Interest Income | $5M |
| Interest Expense | $1M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $14M |
| EBIT | $15M |
| EBITDA | $28M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | $11.0K |
| Stock-Based Compensation | $23M |
| Deferred Income Tax | $739.0K |
| Other Non-Cash Items | $21M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $49M |
| Capital Expenditure | $4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$32M |
| Sales/Maturities of Investments | $17M |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$22M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $52M |
| Net Change in Cash | $31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $414M |
| Short-Term Investments | $118M |
| Net Receivables | $68M |
| Inventory | $0 |
| Other Current Assets | $59M |
| TOTAL CURRENT ASSETS | $660M |
| PP&E (Net) | $57M |
| Goodwill | $513M |
| Intangible Assets | $87M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $69M |
| TOTAL NON-CURRENT ASSETS | $726M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $6M |
| Short-Term Debt | $493M |
| Deferred Revenue | $179M |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $732M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $25M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $69M |
| TOTAL LIABILITIES | $801M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$648M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $584M |
| Minority Interest | $0 |
| TOTAL EQUITY | $584M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $539M |
| Net Debt | $125M |
