| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $210M | $192M | $173M | 9.4% | 21.5% |
| Op. Income | $142M | $123M | $102M | 15.2% | 38.9% |
| Gross Margin | 72.6% | 87.2% | 86.0% | -14.7pp | -13.4pp |
| Net Margin | 63.1% | 59.2% | 47.1% | 3.9pp | 16.1pp |
| EPS (Diluted) | $2.01 | $1.72 | $1.23 | 16.9% | 63.4% |
| Free Cash Flow | $40M | $78M | $62M | -48.7% | -35.7% |
| Item | Amount |
|---|---|
| REVENUE | $210M |
| Cost of Revenue | $58M |
| GROSS PROFIT | $152M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $68M |
| OPERATING INCOME | $142M |
| Interest Income | $3M |
| Interest Expense | $2M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $143M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $132M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $132M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $132M |
| D&A | $31M |
| EBIT | $145M |
| EBITDA | $176M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $210M |
| Cost of Revenue | $58M |
| GROSS PROFIT | $152M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $68M |
| OPERATING INCOME | $142M |
| Interest Income | $3M |
| Interest Expense | $2M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $143M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $132M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $132M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $132M |
| D&A | $31M |
| EBIT | $145M |
| EBITDA | $176M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $132M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | $153M |
| Capital Expenditure | -$113M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$21.0K |
| NET CASH FROM INVESTING | -$113M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$30M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$33M |
| FREE CASH FLOW | $40M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $248M |
| Short-Term Investments | $0 |
| Net Receivables | $79M |
| Inventory | $13M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $342M |
| PP&E (Net) | $3.1B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $89M |
| TOTAL NON-CURRENT ASSETS | $3.2B |
| TOTAL ASSETS | $3.6B |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $76M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $132M |
| Other Non-Current Liabilities | $46M |
| TOTAL NON-CURRENT LIABILITIES | $177M |
| TOTAL LIABILITIES | $253M |
| Common Stock | $658.0K |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $12M |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $3.6B |
| Total Debt | $0 |
| Net Debt | -$248M |
