| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | $2.6B | $2.5B | 26.6% | 27.7% |
| Op. Income | $855M | -$128M | $386M | 768.0% | 121.5% |
| Gross Margin | 48.9% | 23.3% | 41.8% | 25.6pp | 7.1pp |
| Net Margin | 21.1% | -3.5% | 12.3% | 24.6pp | 8.8pp |
| EPS (Diluted) | $4.34 | $-0.58 | $1.98 | 848.3% | 119.2% |
| Free Cash Flow | $737M | $307M | $737M | 140.1% | 0.0% |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $733M |
| Operating Expenses | $733M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $855M |
| Interest Income | $284M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $855M |
| Income Tax Expense | $170M |
| NET INCOME | $685M |
| D&A | $46M |
| EBIT | $869M |
| EBITDA | $915M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $733M |
| Operating Expenses | $733M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $855M |
| Interest Income | $284M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $855M |
| Income Tax Expense | $170M |
| NET INCOME | $685M |
| D&A | $46M |
| EBIT | $869M |
| EBITDA | $915M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $685M |
| Depreciation & Amortization | $46M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | $89M |
| Other Non-Cash Items | $159M |
| Change in Working Capital | -$264M |
| OPERATING CASH FLOW | $741M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.4B |
| Sales/Maturities of Investments | $869M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$556M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$133M |
| Other Financing Activities | -$69M |
| NET CASH FROM FINANCING | -$200M |
| FREE CASH FLOW | $737M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $995M |
| Short-Term Investments | $1.2B |
| Net Receivables | $4.5B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.8B |
| PP&E (Net) | $214M |
| Goodwill | $0 |
| Intangible Assets | $1.4B |
| Long-Term Investments | $28.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.1B |
| TOTAL NON-CURRENT ASSETS | $32.0B |
| TOTAL ASSETS | $38.8B |
| Account Payables | $0 |
| Short-Term Debt | $25M |
| Deferred Revenue | $5.4B |
| Other Current Liabilities | $12.7B |
| TOTAL CURRENT LIABILITIES | $18.1B |
| Long-Term Debt | $790M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.6B |
| Other Non-Current Liabilities | $4.0B |
| TOTAL NON-CURRENT LIABILITIES | $6.4B |
| TOTAL LIABILITIES | $24.5B |
| Common Stock | $397M |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | $15.2B |
| Treasury Stock | -$2.6B |
| Accum. Other Comp. Income | -$249M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $14.3B |
| TOTAL LIABILITIES & EQUITY | $38.8B |
| Total Debt | $884M |
| Net Debt | -$111M |
