| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $1.2B | -0.5% | -4.8% |
| Op. Income | $434M | $459M | $454M | -5.6% | -4.4% |
| Gross Margin | 65.7% | 67.8% | 63.7% | -2.1pp | 2.0pp |
| Net Margin | 30.3% | 32.5% | 30.6% | -2.2pp | -0.3pp |
| EPS (Diluted) | $0.68 | $0.73 | $0.72 | -7.4% | -5.6% |
| Free Cash Flow | $506M | $1.4B | -$485M | -65.0% | 204.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $388M |
| GROSS PROFIT | $744M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $278M |
| SG&A Expenses | $278M |
| Other Expenses | $33M |
| Operating Expenses | $311M |
| Cost & Expenses | $699M |
| OPERATING INCOME | $434M |
| Interest Income | $766M |
| Interest Expense | $282M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $434M |
| Income Tax Expense | $91M |
| Net Income from Continuing Ops | $343M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $343M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $343M |
| D&A | $27M |
| EBIT | $434M |
| EBITDA | $460M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $388M |
| GROSS PROFIT | $744M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $278M |
| SG&A Expenses | $278M |
| Other Expenses | $33M |
| Operating Expenses | $311M |
| Cost & Expenses | $699M |
| OPERATING INCOME | $434M |
| Interest Income | $766M |
| Interest Expense | $282M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $434M |
| Income Tax Expense | $91M |
| Net Income from Continuing Ops | $343M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $343M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $343M |
| D&A | $27M |
| EBIT | $434M |
| EBITDA | $460M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $343M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$13M |
| Other Non-Cash Items | $458M |
| Change in Working Capital | -$293M |
| OPERATING CASH FLOW | $522M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$9M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $182M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $182M |
| FREE CASH FLOW | $506M |
| Net Change in Cash | $661M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.6B |
| Short-Term Investments | $3.3B |
| Net Receivables | $3.4B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $10.2B |
| PP&E (Net) | $472M |
| Goodwill | $0 |
| Intangible Assets | $185M |
| Long-Term Investments | $47.9B |
| Tax Assets | $635M |
| Other Non-Current Assets | $596M |
| TOTAL NON-CURRENT ASSETS | $49.8B |
| TOTAL ASSETS | $60.0B |
| Account Payables | $452M |
| Short-Term Debt | $146M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $32.9B |
| TOTAL CURRENT LIABILITIES | $33.6B |
| Long-Term Debt | $14.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $5.8B |
| TOTAL NON-CURRENT LIABILITIES | $20.2B |
| TOTAL LIABILITIES | $53.7B |
| Common Stock | $2.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $475M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.3B |
| Minority Interest | $1.1K |
| TOTAL EQUITY | $6.3B |
| TOTAL LIABILITIES & EQUITY | $60.0B |
| Total Debt | $14.6B |
| Net Debt | $11.0B |
