| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.8B | — | $3.8B | — | 106.2% |
| Op. Income | $7.5B | — | $3.6B | — | 108.4% |
| Gross Margin | 100.0% | — | 100.0% | — | 0.0pp |
| Net Margin | 8.8% | — | -0.8% | — | 9.6pp |
| EPS (Diluted) | $0.42 | — | $-0.03 | — | 1423.5% |
| Free Cash Flow | -$236M | — | $365M | — | -164.6% |
| Item | Amount |
|---|---|
| REVENUE | $7.8B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $7.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $291M |
| Other Expenses | $0 |
| Operating Expenses | $291M |
| Cost & Expenses | $291M |
| OPERATING INCOME | $7.5B |
| Interest Income | $0 |
| Interest Expense | $206M |
| Other Income/Expenses | -$6.7B |
| INCOME BEFORE TAX | $792M |
| Income Tax Expense | $84M |
| Net Income from Continuing Ops | $707M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $683M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $661M |
| D&A | $0 |
| EBIT | $792M |
| EBITDA | $0 |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $7.8B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $7.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $291M |
| Other Expenses | $0 |
| Operating Expenses | $291M |
| Cost & Expenses | $291M |
| OPERATING INCOME | $7.5B |
| Interest Income | $0 |
| Interest Expense | $206M |
| Other Income/Expenses | -$6.7B |
| INCOME BEFORE TAX | $792M |
| Income Tax Expense | $84M |
| Net Income from Continuing Ops | $707M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $683M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $661M |
| D&A | $0 |
| EBIT | $792M |
| EBITDA | $0 |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $683M |
| Depreciation & Amortization | -$85M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$7.6B |
| Change in Working Capital | $6.8B |
| OPERATING CASH FLOW | -$206M |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | -$14M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $347M |
| NET CASH FROM INVESTING | $303M |
| Net Debt Issuance | -$12M |
| Common Stock Repurchased | -$175M |
| Common Dividends Paid | -$40M |
| Other Financing Activities | -$20M |
| NET CASH FROM FINANCING | -$247M |
| FREE CASH FLOW | -$236M |
| Net Change in Cash | $3.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.7B |
| Short-Term Investments | $59.0B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | -$62.8B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $614M |
| Long-Term Investments | $327.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $34.9B |
| TOTAL NON-CURRENT ASSETS | $363.2B |
| TOTAL ASSETS | $363.2B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $5.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $347.2B |
| TOTAL NON-CURRENT LIABILITIES | $352.2B |
| TOTAL LIABILITIES | $352.2B |
| Common Stock | $282M |
| Additional Paid-In Capital | $8.0B |
| Retained Earnings | $4.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4.5B |
| Other Equity | $2.3B |
| TOTAL STOCKHOLDERS' EQUITY | $10.8B |
| Minority Interest | $152M |
| TOTAL EQUITY | $11.0B |
| TOTAL LIABILITIES & EQUITY | $363.0B |
| Total Debt | $5.0B |
| Net Debt | $1.2B |
