$22.17

-0.20 (-0.89%)

After Hours: $22.37 (+0.20, +0.90%)

Weekly Expected Move ±3.5%

$21 $21 $22 $23 $24

NYSE · Real Estate · REIT - Retail · Tech Score Neutral · Power 59 · $2.5B mcap · 108M float · 0.890% daily turnover · Short 63% of daily vol

Credit Risk of going bust: not rated, financial company (lending is its business) Bonds: none of note held by US funds details ▾

Not rated: lending and leverage are a financial company's business, which the model misreads.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Revenue Segmentation

By Product / Service

By Geography

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$294M +9.7% ▲

5Y CAGR: +11.5%

Gross Profit

$281M +23.3% ▲

5Y CAGR: +13.1%

Operating Income

$164M +9.8% ▲

5Y CAGR: +8.9%

Net Income

$112M +11.8% ▲

5Y CAGR: +7.8%

EPS (Diluted)

$1.09 +1.9% ▲

5Y CAGR: +0.2%

EBITDA

$225M +10.0% ▲

5Y CAGR: +10.5%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$199M	$223M	$251M	$268M	$294M
YoY Growth	+16.6%	+11.9%	+12.3%	+7.0%	+9.7%
Cost of Revenue	$30M	$36M	$40M	$41M	$14M
Gross Profit	$170M	$187M	$210M	$227M	$281M
Gross Margin	85.2%	84.0%	83.9%	84.9%	95.4%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$18M	$20M	$23M	$24M	$27M
Operating Expenses	$52M	$62M	$73M	$78M	$117M
Operating Income	$117M	$126M	$137M	$149M	$164M
Operating Margin	58.9%	56.4%	54.6%	55.6%	55.7%
Interest Expense	$33M	$36M	$45M	$49M	$52M
Income Before Tax	$85M	$98M	$96M	$101M	$113M
Tax Expense	-$534K	$237K	$130K	$308K	$303K
Net Income	$86M	$98M	$95M	$100M	$112M
Net Margin	42.9%	43.8%	38.0%	37.5%	38.2%
EPS (Diluted)	$1.11	$1.20	$1.07	$1.07	$1.09
EBITDA	$152M	$176M	$191M	$205M	$225M
Shares Outstanding	77M	82M	89M	94M	103M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$67M	$68M	$71M	$73M	$74M	$76M	$78M	$78M
Cost of Revenue	$10M	$10M	$11M	-$4M	$4M	$3M	$3M	$12M
Gross Profit	$57M	$58M	$61M	$77M	$70M	$72M	$75M	$67M
Gross Margin	85.6%	85.2%	84.9%	105.7%	95.0%	95.7%	95.7%	85.3%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$6M	$6M	$8M	$6M	$7M	$6M	$7M	$7M
Operating Expenses	$19M	$20M	$22M	$36M	$29M	$30M	$32M	$24M
Operating Income	$38M	$38M	$39M	$41M	$42M	$43M	$43M	$43M
Operating Margin	56.4%	56.2%	54.0%	56.3%	56.2%	56.3%	55.3%	54.9%
Interest Expense	$12M	$12M	$13M	$13M	$65M	-$39M	$13M	$13M
Income Before Tax	$26M	$26M	$26M	$28M	$29M	$30M	$30M	$30M
Tax Expense	$90K	$105K	$63K	$112K	$380K	$98K	-$98K	$67K
Net Income	$26M	$26M	$26M	$28M	$29M	$29M	$30M	$30M
Net Margin	38.3%	38.3%	36.6%	38.3%	38.9%	38.9%	38.8%	38.2%
EPS (Diluted)	$0.27	$0.27	$0.26	$0.28	$0.28	$0.28	$0.28	$0.27
EBITDA	$52M	$53M	$53M	$56M	$109M	$7M	$60M	$59M
Shares Outstanding	95M	97M	100M	101M	102M	107M	110M	110M

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