| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $195M | $193M | $193M | 1.2% | 0.9% |
| Op. Income | $33M | $39M | $18M | -15.8% | 83.1% |
| Gross Margin | 77.7% | 78.3% | 77.3% | -0.6pp | 0.4pp |
| Net Margin | 16.8% | 19.6% | 11.5% | -2.8pp | 5.3pp |
| EPS (Diluted) | $0.24 | $0.27 | $0.17 | -11.1% | 41.2% |
| Free Cash Flow | $70M | $31M | $35M | 127.8% | 97.8% |
| Item | Amount |
|---|---|
| REVENUE | $195M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $152M |
| R&D Expenses | $45M |
| Selling & Marketing | $37M |
| General & Administrative | $36M |
| SG&A Expenses | $72M |
| Other Expenses | $2M |
| Operating Expenses | $119M |
| Cost & Expenses | $162M |
| OPERATING INCOME | $33M |
| Interest Income | $7M |
| Interest Expense | $700.0K |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | -$579.0K |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $6M |
| EBIT | $33M |
| EBITDA | $39M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $195M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $152M |
| R&D Expenses | $45M |
| Selling & Marketing | $37M |
| General & Administrative | $36M |
| SG&A Expenses | $72M |
| Other Expenses | $2M |
| Operating Expenses | $119M |
| Cost & Expenses | $162M |
| OPERATING INCOME | $33M |
| Interest Income | $7M |
| Interest Expense | $700.0K |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | -$579.0K |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $6M |
| EBIT | $33M |
| EBITDA | $39M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $33M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $615.0K |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | $73M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$20M |
| Purchases of Investments | -$210M |
| Sales/Maturities of Investments | $184M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$51M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$38M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$485.0K |
| NET CASH FROM FINANCING | -$38M |
| FREE CASH FLOW | $70M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $291M |
| Short-Term Investments | $344M |
| Net Receivables | $71M |
| Inventory | $0 |
| Other Current Assets | $233M |
| TOTAL CURRENT ASSETS | $939M |
| PP&E (Net) | $43M |
| Goodwill | $141M |
| Intangible Assets | $10M |
| Long-Term Investments | $0 |
| Tax Assets | $127M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $323M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $8M |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $280M |
| Long-Term Debt | $359M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $373M |
| TOTAL LIABILITIES | $653M |
| Common Stock | $13.0K |
| Additional Paid-In Capital | $616M |
| Retained Earnings | -$8M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $724.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $609M |
| Minority Interest | $0 |
| TOTAL EQUITY | $609M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $371M |
| Net Debt | $80M |
