| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $236M | $223M | $222M | 5.7% | 6.1% |
| Op. Income | $63M | $57M | $61M | 10.1% | 3.3% |
| Gross Margin | 94.2% | 94.3% | 94.4% | -0.0pp | -0.1pp |
| Net Margin | 16.3% | 14.5% | 15.4% | 1.9pp | 1.0pp |
| EPS (Diluted) | $0.24 | $0.20 | $0.20 | 20.0% | 20.0% |
| Free Cash Flow | $40M | $42M | $26M | -3.5% | 55.7% |
| Item | Amount |
|---|---|
| REVENUE | $236M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $222M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $48M |
| Other Expenses | $111M |
| Operating Expenses | $159M |
| Cost & Expenses | $173M |
| OPERATING INCOME | $63M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $53M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $29M |
| EBIT | $69M |
| EBITDA | $99M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $236M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $222M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $48M |
| Other Expenses | $111M |
| Operating Expenses | $159M |
| Cost & Expenses | $173M |
| OPERATING INCOME | $63M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $53M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $29M |
| EBIT | $69M |
| EBITDA | $99M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $39M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $75M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $75.0K |
| NET CASH FROM INVESTING | -$35M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$603.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $40M |
| Net Change in Cash | $39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $148M |
| Short-Term Investments | $0 |
| Net Receivables | $272M |
| Inventory | $16M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $475M |
| PP&E (Net) | $233M |
| Goodwill | $742M |
| Intangible Assets | $201M |
| Long-Term Investments | $370.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $44M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $111M |
| Short-Term Debt | $0 |
| Deferred Revenue | $30M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $208M |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $16M |
| Other Non-Current Liabilities | $74M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $16.0K |
| Additional Paid-In Capital | $557M |
| Retained Earnings | -$196M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $352M |
| Minority Interest | $0 |
| TOTAL EQUITY | $352M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $1.1B |
| Net Debt | $905M |
