| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $2.0B | $1.4B | -26.4% | 3.3% |
| Op. Income | -$25M | $706M | $343M | -103.5% | -107.2% |
| Gross Margin | 71.5% | 75.3% | 73.8% | -3.8pp | -2.3pp |
| Net Margin | 95.4% | 3.2% | 2.5% | 92.2pp | 92.9pp |
| EPS (Diluted) | $5.14 | $0.24 | $0.14 | 2041.7% | 3571.4% |
| Free Cash Flow | $328M | -$183M | $484M | 279.8% | -32.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $426M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $387M |
| Selling & Marketing | $204M |
| General & Administrative | $205M |
| SG&A Expenses | $409M |
| Other Expenses | $299M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | -$25M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | $1.8B |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $395M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | -$4M |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $34M |
| EBIT | $1.8B |
| EBITDA | $1.9B |
| EPS | $6 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $1.4B |
| Depreciation & Amortization | $34M |
| Stock-Based Compensation | $196M |
| Deferred Income Tax | $455M |
| Other Non-Cash Items | -$1.8B |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $328M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$311M |
| Sales/Maturities of Investments | $52M |
| Other Investing Activities | -$426M |
| NET CASH FROM INVESTING | -$685M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$101M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$290M |
| NET CASH FROM FINANCING | -$391M |
| FREE CASH FLOW | $328M |
| Net Change in Cash | -$670M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.5B |
| Short-Term Investments | $2.0B |
| Net Receivables | $1.1B |
| Inventory | $0 |
| Other Current Assets | $6.7B |
| TOTAL CURRENT ASSETS | $17.5B |
| PP&E (Net) | $378M |
| Goodwill | $1.2B |
| Intangible Assets | $41M |
| Long-Term Investments | $3.8B |
| Tax Assets | $541M |
| Other Non-Current Assets | $99M |
| TOTAL NON-CURRENT ASSETS | $6.0B |
| TOTAL ASSETS | $23.5B |
| Account Payables | $69M |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6.4B |
| TOTAL CURRENT LIABILITIES | $8.2B |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $3.2B |
| TOTAL LIABILITIES | $11.4B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $5.6B |
| Retained Earnings | $6.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$60.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $12.1B |
| TOTAL LIABILITIES & EQUITY | $23.5B |
| Total Debt | $4.4B |
| Net Debt | -$3.1B |
