| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $316M | $300M | $267M | 5.4% | 18.2% |
| Op. Income | $37M | $28M | $21M | 30.5% | 73.4% |
| Gross Margin | 38.5% | 36.5% | 35.4% | 2.0pp | 3.1pp |
| Net Margin | 9.2% | 7.3% | 6.2% | 1.9pp | 2.9pp |
| EPS (Diluted) | $1.95 | $1.48 | $1.13 | 31.8% | 72.6% |
| Free Cash Flow | $32M | $3M | $25M | 1035.3% | 28.8% |
| Item | Amount |
|---|---|
| REVENUE | $316M |
| Cost of Revenue | $194M |
| GROSS PROFIT | $122M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $85M |
| Operating Expenses | $85M |
| Cost & Expenses | $279M |
| OPERATING INCOME | $37M |
| Interest Income | $23M |
| Interest Expense | $442.0K |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $2M |
| EBIT | $37M |
| EBITDA | $39M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $316M |
| Cost of Revenue | $194M |
| GROSS PROFIT | $122M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $85M |
| Operating Expenses | $85M |
| Cost & Expenses | $279M |
| OPERATING INCOME | $37M |
| Interest Income | $23M |
| Interest Expense | $442.0K |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $2M |
| EBIT | $37M |
| EBITDA | $39M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$342.0K |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $32M |
| Capital Expenditure | -$68.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$100M |
| Sales/Maturities of Investments | $65M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$34M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | $32M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $49M |
| Short-Term Investments | $561M |
| Net Receivables | $503M |
| Inventory | $0 |
| Other Current Assets | -$731M |
| TOTAL CURRENT ASSETS | $382M |
| PP&E (Net) | $14M |
| Goodwill | $17M |
| Intangible Assets | $7M |
| Long-Term Investments | $1.4B |
| Tax Assets | $6M |
| Other Non-Current Assets | -$1.4B |
| TOTAL NON-CURRENT ASSETS | $38M |
| TOTAL ASSETS | $2.4B |
| Account Payables | $85M |
| Short-Term Debt | $14M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$102M |
| TOTAL CURRENT LIABILITIES | $14M |
| Long-Term Debt | $30M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $181.0K |
| Additional Paid-In Capital | $233M |
| Retained Earnings | $823M |
| Treasury Stock | -$150M |
| Accum. Other Comp. Income | -$33M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $873M |
| Minority Interest | $0 |
| TOTAL EQUITY | $873M |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $44M |
| Net Debt | -$6M |
