| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.0B | $4.6B | $4.1B | 8.3% | 22.4% |
| Op. Income | $1.4B | $678M | $1.2B | 108.1% | 22.3% |
| Gross Margin | 37.1% | 27.0% | 39.4% | 10.1pp | -2.3pp |
| Net Margin | 24.9% | 12.5% | 31.2% | 12.4pp | -6.4pp |
| EPS (Diluted) | $3.23 | $1.48 | $3.30 | 118.2% | -2.1% |
| Free Cash Flow | $1.1B | $1.4B | $1.5B | -23.3% | -26.2% |
| Item | Amount |
|---|---|
| REVENUE | $5.0B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $29M |
| SG&A Expenses | $29M |
| Other Expenses | $406M |
| Operating Expenses | $435M |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $1.4B |
| Interest Income | $0 |
| Interest Expense | $38M |
| Other Income/Expenses | $40M |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | $214M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $48M |
| EBIT | $1.4B |
| EBITDA | $1.5B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $5.0B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $29M |
| SG&A Expenses | $29M |
| Other Expenses | $406M |
| Operating Expenses | $435M |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $1.4B |
| Interest Income | $0 |
| Interest Expense | $38M |
| Other Income/Expenses | $40M |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | $214M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $48M |
| EBIT | $1.4B |
| EBITDA | $1.5B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $1.2B |
| Depreciation & Amortization | $48M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$320M |
| Change in Working Capital | $134M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$8.9B |
| Sales/Maturities of Investments | $7.6B |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$116M |
| Common Dividends Paid | -$2M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$128M |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | -$177M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $983M |
| Short-Term Investments | $9.3B |
| Net Receivables | $19.1B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $32.7B |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $3.1B |
| Long-Term Investments | $36.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.3B |
| TOTAL NON-CURRENT ASSETS | $46.1B |
| TOTAL ASSETS | $78.8B |
| Account Payables | $5.1B |
| Short-Term Debt | $0 |
| Deferred Revenue | $11.6B |
| Other Current Liabilities | $32.3B |
| TOTAL CURRENT LIABILITIES | $49.8B |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.2B |
| TOTAL NON-CURRENT LIABILITIES | $6.0B |
| TOTAL LIABILITIES | $55.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.7B |
| Retained Earnings | $24.5B |
| Treasury Stock | -$4.9B |
| Accum. Other Comp. Income | -$48M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $23.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $23.0B |
| TOTAL LIABILITIES & EQUITY | $78.8B |
| Total Debt | $2.7B |
| Net Debt | $1.7B |
