| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $576M | $562M | $531M | 2.4% | 8.3% |
| Op. Income | $110M | $134M | -$39M | -18.3% | 384.7% |
| Gross Margin | 61.5% | 61.0% | 62.2% | 0.5pp | -0.7pp |
| Net Margin | 15.2% | 18.9% | -8.9% | -3.7pp | 24.0pp |
| EPS (Diluted) | $7.42 | $8.66 | $-3.83 | -14.3% | 293.7% |
| Free Cash Flow | $139M | $346M | $204M | -59.7% | -31.5% |
| Item | Amount |
|---|---|
| REVENUE | $576M |
| Cost of Revenue | $222M |
| GROSS PROFIT | $354M |
| R&D Expenses | $0 |
| Selling & Marketing | $27M |
| General & Administrative | $45M |
| SG&A Expenses | $72M |
| Other Expenses | $173M |
| Operating Expenses | $244M |
| Cost & Expenses | $466M |
| OPERATING INCOME | $110M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $118M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $87M |
| D&A | $7M |
| EBIT | $110M |
| EBITDA | $116M |
| EPS | $8 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| REVENUE | $576M |
| Cost of Revenue | $222M |
| GROSS PROFIT | $354M |
| R&D Expenses | $0 |
| Selling & Marketing | $27M |
| General & Administrative | $45M |
| SG&A Expenses | $72M |
| Other Expenses | $173M |
| Operating Expenses | $244M |
| Cost & Expenses | $466M |
| OPERATING INCOME | $110M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $118M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $87M |
| D&A | $7M |
| EBIT | $110M |
| EBITDA | $116M |
| EPS | $8 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| Net Income | $87M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$15M |
| Other Non-Cash Items | $173M |
| Change in Working Capital | -$125M |
| OPERATING CASH FLOW | $140M |
| Capital Expenditure | -$300.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$194M |
| NET CASH FROM INVESTING | -$194M |
| Net Debt Issuance | -$240M |
| Common Stock Repurchased | -$262M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$400.0K |
| NET CASH FROM FINANCING | -$502M |
| FREE CASH FLOW | $139M |
| Net Change in Cash | -$557M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $564M |
| Short-Term Investments | $9M |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | -$582M |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $13M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | -$13M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $8.7B |
| Account Payables | $0 |
| Short-Term Debt | $64M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $393M |
| TOTAL CURRENT LIABILITIES | $456M |
| Long-Term Debt | $6.4B |
| Deferred Revenue NC | $78M |
| Deferred Tax Liabilities | $306M |
| Other Non-Current Liabilities | -$6.8B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $7.2B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $369M |
| Retained Earnings | $1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $8.7B |
| Total Debt | $6.5B |
| Net Debt | $5.9B |
