| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $952M | $906M | 5.7% | 11.1% |
| Op. Income | $110M | $133M | $118M | -17.3% | -6.7% |
| Gross Margin | 46.5% | 47.2% | 45.5% | -0.7pp | 1.0pp |
| Net Margin | 7.7% | 11.2% | 9.8% | -3.5pp | -2.1pp |
| EPS (Diluted) | $2.44 | $3.36 | $2.84 | -27.4% | -14.1% |
| Free Cash Flow | $50M | $113M | $88M | -56.1% | -43.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $538M |
| GROSS PROFIT | $468M |
| R&D Expenses | $0 |
| Selling & Marketing | $358M |
| General & Administrative | $0 |
| SG&A Expenses | $358M |
| Other Expenses | $0 |
| Operating Expenses | $358M |
| Cost & Expenses | $896M |
| OPERATING INCOME | $110M |
| Interest Income | $5M |
| Interest Expense | $12M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $102M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $78M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $78M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $78M |
| D&A | $1M |
| EBIT | $109M |
| EBITDA | $110M |
| EPS | $3 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $538M |
| GROSS PROFIT | $468M |
| R&D Expenses | $0 |
| Selling & Marketing | $358M |
| General & Administrative | $0 |
| SG&A Expenses | $358M |
| Other Expenses | $0 |
| Operating Expenses | $358M |
| Cost & Expenses | $896M |
| OPERATING INCOME | $110M |
| Interest Income | $5M |
| Interest Expense | $12M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $102M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $78M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $78M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $78M |
| D&A | $1M |
| EBIT | $109M |
| EBITDA | $110M |
| EPS | $3 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $78M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$60M |
| OPERATING CASH FLOW | $59M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | -$1.2B |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$16M |
| Common Dividends Paid | -$6M |
| Other Financing Activities | $600M |
| NET CASH FROM FINANCING | $578M |
| FREE CASH FLOW | $50M |
| Net Change in Cash | -$538M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $398M |
| Short-Term Investments | $0 |
| Net Receivables | $578M |
| Inventory | $472M |
| Other Current Assets | $111M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $404M |
| Goodwill | $1.5B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $0 |
| Tax Assets | $2M |
| Other Non-Current Assets | $41M |
| TOTAL NON-CURRENT ASSETS | $3.0B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $353M |
| Short-Term Debt | $100M |
| Deferred Revenue | $21M |
| Other Current Liabilities | $282M |
| TOTAL CURRENT LIABILITIES | $801M |
| Long-Term Debt | $997M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $184M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $500.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $4.1B |
| Treasury Stock | -$2.6B |
| Accum. Other Comp. Income | -$143M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $1.2B |
| Net Debt | $794M |
