| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $914M | $897M | $823M | 1.9% | 11.1% |
| Op. Income | $124M | $110M | $52M | 12.7% | 138.5% |
| Gross Margin | 74.2% | 74.8% | 75.7% | -0.6pp | -1.5pp |
| Net Margin | 12.7% | 11.8% | 7.4% | 0.9pp | 5.3pp |
| EPS (Diluted) | $0.41 | $0.38 | $0.20 | 7.9% | 105.0% |
| Free Cash Flow | $187M | $280M | $221M | -33.2% | -15.4% |
| Item | Amount |
|---|---|
| REVENUE | $914M |
| Cost of Revenue | $236M |
| GROSS PROFIT | $678M |
| R&D Expenses | $166M |
| Selling & Marketing | $217M |
| General & Administrative | $106M |
| SG&A Expenses | $323M |
| Other Expenses | $65M |
| Operating Expenses | $554M |
| Cost & Expenses | $790M |
| OPERATING INCOME | $124M |
| Interest Income | $15M |
| Interest Expense | $0 |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | $142M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $116M |
| D&A | $23M |
| EBIT | $123M |
| EBITDA | $146M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $914M |
| Cost of Revenue | $236M |
| GROSS PROFIT | $678M |
| R&D Expenses | $166M |
| Selling & Marketing | $217M |
| General & Administrative | $106M |
| SG&A Expenses | $323M |
| Other Expenses | $65M |
| Operating Expenses | $554M |
| Cost & Expenses | $790M |
| OPERATING INCOME | $124M |
| Interest Income | $15M |
| Interest Expense | $0 |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | $142M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $116M |
| D&A | $23M |
| EBIT | $123M |
| EBITDA | $146M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $116M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $106M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$49M |
| OPERATING CASH FLOW | $203M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | -$105M |
| Purchases of Investments | -$82M |
| Sales/Maturities of Investments | $46M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$157M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$121M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | -$129M |
| FREE CASH FLOW | $187M |
| Net Change in Cash | -$77M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $109M |
| Net Receivables | $1.0B |
| Inventory | $0 |
| Other Current Assets | $249M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $254M |
| Goodwill | $392M |
| Intangible Assets | $82M |
| Long-Term Investments | $0 |
| Tax Assets | $775M |
| Other Non-Current Assets | $40M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $4.4B |
| Account Payables | $69M |
| Short-Term Debt | $0 |
| Deferred Revenue | $220M |
| Other Current Liabilities | $233M |
| TOTAL CURRENT LIABILITIES | $871M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $228M |
| TOTAL NON-CURRENT LIABILITIES | $262M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $6.9B |
| Retained Earnings | -$3.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $4.4B |
| Total Debt | $37M |
| Net Debt | -$1.5B |
