| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $494M | $472M | $472M | 4.6% | 4.5% |
| Op. Income | $102M | $60M | $59M | 69.0% | 74.4% |
| Gross Margin | 59.2% | 55.9% | 52.3% | 3.4pp | 7.0pp |
| Net Margin | 15.7% | 10.0% | 8.8% | 5.7pp | 6.8pp |
| EPS (Diluted) | $1.58 | $0.92 | $0.80 | 71.7% | 97.5% |
| Free Cash Flow | $57M | -$2M | $11M | 2905.3% | 402.3% |
| Item | Amount |
|---|---|
| REVENUE | $494M |
| Cost of Revenue | $201M |
| GROSS PROFIT | $292M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $125M |
| SG&A Expenses | $129M |
| Other Expenses | $61M |
| Operating Expenses | $190M |
| Cost & Expenses | $391M |
| OPERATING INCOME | $102M |
| Interest Income | $440M |
| Interest Expense | $186M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $102M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $73M |
| D&A | $14M |
| EBIT | $102M |
| EBITDA | $117M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $494M |
| Cost of Revenue | $201M |
| GROSS PROFIT | $292M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $125M |
| SG&A Expenses | $129M |
| Other Expenses | $61M |
| Operating Expenses | $190M |
| Cost & Expenses | $391M |
| OPERATING INCOME | $102M |
| Interest Income | $440M |
| Interest Expense | $186M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $102M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $73M |
| D&A | $14M |
| EBIT | $102M |
| EBITDA | $117M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $77M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$49M |
| OPERATING CASH FLOW | $63M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$501M |
| Sales/Maturities of Investments | $445M |
| Other Investing Activities | -$1.6B |
| NET CASH FROM INVESTING | -$1.6B |
| Net Debt Issuance | $460M |
| Common Stock Repurchased | -$21M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $11M |
| NET CASH FROM FINANCING | $446M |
| FREE CASH FLOW | $57M |
| Net Change in Cash | -$1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.7B |
| Short-Term Investments | $4M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $87M |
| Goodwill | $0 |
| Intangible Assets | $1M |
| Long-Term Investments | $28.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $912M |
| TOTAL NON-CURRENT ASSETS | $29.3B |
| TOTAL ASSETS | $31.9B |
| Account Payables | $14M |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $26.1B |
| TOTAL CURRENT LIABILITIES | $27.3B |
| Long-Term Debt | $620M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $485M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $28.4B |
| Common Stock | $517.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $2.6B |
| Treasury Stock | -$354M |
| Accum. Other Comp. Income | -$113M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $31.9B |
| Total Debt | $1.9B |
| Net Debt | -$820M |
