| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $408M | $389M | $425M | 4.8% | -4.1% |
| Op. Income | $143M | $113M | $127M | 26.3% | 12.8% |
| Gross Margin | 70.9% | 65.6% | 63.8% | 5.3pp | 7.2pp |
| Net Margin | 26.9% | 22.6% | 21.3% | 4.3pp | 5.6pp |
| EPS (Diluted) | $1.60 | $1.27 | $1.32 | 26.0% | 21.2% |
| Free Cash Flow | $54M | $114M | -$100M | -52.9% | 153.5% |
| Item | Amount |
|---|---|
| REVENUE | $408M |
| Cost of Revenue | $119M |
| GROSS PROFIT | $289M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $89M |
| SG&A Expenses | $93M |
| Other Expenses | $54M |
| Operating Expenses | $147M |
| Cost & Expenses | $265M |
| OPERATING INCOME | $143M |
| Interest Income | $348M |
| Interest Expense | $116M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $143M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $110M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $110M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $110M |
| D&A | $10M |
| EBIT | $143M |
| EBITDA | $153M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $408M |
| Cost of Revenue | $119M |
| GROSS PROFIT | $289M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $89M |
| SG&A Expenses | $93M |
| Other Expenses | $54M |
| Operating Expenses | $147M |
| Cost & Expenses | $265M |
| OPERATING INCOME | $143M |
| Interest Income | $348M |
| Interest Expense | $116M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $143M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $110M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $110M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $110M |
| D&A | $10M |
| EBIT | $143M |
| EBITDA | $153M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $110M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$636.0K |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$60M |
| OPERATING CASH FLOW | $61M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$209M |
| Sales/Maturities of Investments | $284M |
| Other Investing Activities | -$345M |
| NET CASH FROM INVESTING | -$277M |
| Net Debt Issuance | $100M |
| Common Stock Repurchased | -$13M |
| Common Dividends Paid | -$14M |
| Other Financing Activities | $20M |
| NET CASH FROM FINANCING | $94M |
| FREE CASH FLOW | $54M |
| Net Change in Cash | -$122M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $1.2B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $211M |
| Goodwill | $1.0B |
| Intangible Assets | $63M |
| Long-Term Investments | $22.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $859M |
| TOTAL NON-CURRENT ASSETS | $24.3B |
| TOTAL ASSETS | $26.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21.9B |
| TOTAL CURRENT LIABILITIES | $21.9B |
| Long-Term Debt | $510M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $320M |
| TOTAL NON-CURRENT LIABILITIES | $830M |
| TOTAL LIABILITIES | $22.8B |
| Common Stock | $73M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $2.0B |
| Treasury Stock | -$137M |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.9B |
| TOTAL LIABILITIES & EQUITY | $26.7B |
| Total Debt | $510M |
| Net Debt | -$660M |
