| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $480M | $509M | $420M | -5.7% | 14.1% |
| Op. Income | $150M | $159M | $217M | -5.6% | -30.8% |
| Gross Margin | 60.8% | 59.5% | 57.3% | 1.3pp | 3.5pp |
| Net Margin | 21.8% | 22.1% | 36.1% | -0.3pp | -14.3pp |
| EPS (Diluted) | $1.80 | $1.93 | $2.62 | -6.7% | -31.3% |
| Free Cash Flow | $156M | $53M | $108M | 195.0% | 44.8% |
| Item | Amount |
|---|---|
| REVENUE | $480M |
| Cost of Revenue | $188M |
| GROSS PROFIT | $291M |
| R&D Expenses | $0 |
| Selling & Marketing | $11M |
| General & Administrative | $90M |
| SG&A Expenses | $101M |
| Other Expenses | $40M |
| Operating Expenses | $141M |
| Cost & Expenses | $329M |
| OPERATING INCOME | $150M |
| Interest Income | $456M |
| Interest Expense | $176M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $150M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $105M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $105M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $105M |
| D&A | $7M |
| EBIT | $150M |
| EBITDA | $157M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $480M |
| Cost of Revenue | $188M |
| GROSS PROFIT | $291M |
| R&D Expenses | $0 |
| Selling & Marketing | $11M |
| General & Administrative | $90M |
| SG&A Expenses | $101M |
| Other Expenses | $40M |
| Operating Expenses | $141M |
| Cost & Expenses | $329M |
| OPERATING INCOME | $150M |
| Interest Income | $456M |
| Interest Expense | $176M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $150M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $105M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $105M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $105M |
| D&A | $7M |
| EBIT | $150M |
| EBITDA | $157M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $105M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$16M |
| Other Non-Cash Items | -$16M |
| Change in Working Capital | $73M |
| OPERATING CASH FLOW | $163M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$12M |
| Sales/Maturities of Investments | $45M |
| Other Investing Activities | -$297M |
| NET CASH FROM INVESTING | -$269M |
| Net Debt Issuance | $15M |
| Common Stock Repurchased | -$293.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$38M |
| NET CASH FROM FINANCING | -$24M |
| FREE CASH FLOW | $156M |
| Net Change in Cash | -$130M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.4B |
| Short-Term Investments | $97M |
| Net Receivables | $414M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $0 |
| Goodwill | $138M |
| Intangible Assets | $28M |
| Long-Term Investments | $19.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $20.8B |
| TOTAL ASSETS | $23.7B |
| Account Payables | $310M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $19.9B |
| TOTAL CURRENT LIABILITIES | $20.2B |
| Long-Term Debt | $419M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $524M |
| TOTAL NON-CURRENT LIABILITIES | $943M |
| TOTAL LIABILITIES | $21.2B |
| Common Stock | $706.0K |
| Additional Paid-In Capital | $529M |
| Retained Earnings | $2.4B |
| Treasury Stock | -$413M |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $23.7B |
| Total Debt | $419M |
| Net Debt | -$2.0B |
