| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $118M | $161M | $115M | -26.6% | 3.2% |
| Op. Income | $40M | $60M | $32M | -32.6% | 25.8% |
| Gross Margin | 76.5% | 72.2% | 70.1% | 4.3pp | 6.4pp |
| Net Margin | 26.6% | 29.3% | 22.0% | -2.7pp | 4.6pp |
| EPS (Diluted) | $1.59 | $2.42 | $1.29 | -34.3% | 23.3% |
| Free Cash Flow | $5M | $92M | $2M | -94.4% | 204.8% |
| Item | Amount |
|---|---|
| REVENUE | $118M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $91M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $32M |
| SG&A Expenses | $33M |
| Other Expenses | $17M |
| Operating Expenses | $50M |
| Cost & Expenses | $78M |
| OPERATING INCOME | $40M |
| Interest Income | $102M |
| Interest Expense | $26M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $4M |
| EBIT | $40M |
| EBITDA | $44M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $118M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $91M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $32M |
| SG&A Expenses | $33M |
| Other Expenses | $17M |
| Operating Expenses | $50M |
| Cost & Expenses | $78M |
| OPERATING INCOME | $40M |
| Interest Income | $102M |
| Interest Expense | $26M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $4M |
| EBIT | $40M |
| EBITDA | $44M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $31M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$546.0K |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$184M |
| Sales/Maturities of Investments | $92M |
| Other Investing Activities | -$106M |
| NET CASH FROM INVESTING | -$202M |
| Net Debt Issuance | -$18M |
| Common Stock Repurchased | -$72.0K |
| Common Dividends Paid | -$9M |
| Other Financing Activities | -$89M |
| NET CASH FROM FINANCING | -$115M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | -$308M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $485M |
| Short-Term Investments | $495M |
| Net Receivables | $96M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $71M |
| Goodwill | $41M |
| Intangible Assets | $0 |
| Long-Term Investments | $5.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $335M |
| TOTAL NON-CURRENT ASSETS | $5.9B |
| TOTAL ASSETS | $7.0B |
| Account Payables | $0 |
| Short-Term Debt | $72M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.3B |
| TOTAL CURRENT LIABILITIES | $5.4B |
| Long-Term Debt | $370M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $116M |
| TOTAL NON-CURRENT LIABILITIES | $521M |
| TOTAL LIABILITIES | $5.9B |
| Common Stock | $5M |
| Additional Paid-In Capital | $154M |
| Retained Earnings | $911M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $7.0B |
| Total Debt | $477M |
| Net Debt | -$7M |
