| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $337M | $331M | $301M | 1.7% | 11.8% |
| Op. Income | $29M | $22M | -$4M | 33.6% | 874.6% |
| Gross Margin | 20.3% | 19.3% | 10.8% | 1.0pp | 9.6pp |
| Net Margin | 6.8% | 5.3% | -0.9% | 1.5pp | 7.7pp |
| EPS (Diluted) | $0.87 | $0.67 | $-0.11 | 29.9% | 890.9% |
| Free Cash Flow | $52M | $33M | $88M | 55.7% | -41.4% |
| Item | Amount |
|---|---|
| REVENUE | $337M |
| Cost of Revenue | $268M |
| GROSS PROFIT | $68M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $39M |
| Operating Expenses | $39M |
| Cost & Expenses | $307M |
| OPERATING INCOME | $29M |
| Interest Income | $21M |
| Interest Expense | $2M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $2M |
| EBIT | $32M |
| EBITDA | $34M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $337M |
| Cost of Revenue | $268M |
| GROSS PROFIT | $68M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $39M |
| Operating Expenses | $39M |
| Cost & Expenses | $307M |
| OPERATING INCOME | $29M |
| Interest Income | $21M |
| Interest Expense | $2M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $2M |
| EBIT | $32M |
| EBITDA | $34M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $23M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $29M |
| OPERATING CASH FLOW | $53M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$93M |
| Sales/Maturities of Investments | $64M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$30M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$486.0K |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $52M |
| Net Change in Cash | $18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $202M |
| Short-Term Investments | $249.0K |
| Net Receivables | $513M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $715M |
| PP&E (Net) | $136M |
| Goodwill | $0 |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $22M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $162M |
| TOTAL ASSETS | $3.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $117M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.7B |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $25.0K |
| Additional Paid-In Capital | $218M |
| Retained Earnings | $653M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$26M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $846M |
| Minority Interest | $0 |
| TOTAL EQUITY | $846M |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $117M |
| Net Debt | -$85M |
