| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.3B | $3.0B | $2.6B | 8.3% | 24.9% |
| Op. Income | $163M | $155M | -$201M | 5.2% | 181.1% |
| Gross Margin | 50.8% | 50.5% | 47.3% | 0.3pp | 3.5pp |
| Net Margin | 8.7% | 6.4% | -6.0% | 2.3pp | 14.6pp |
| EPS (Diluted) | $0.65 | $0.44 | $-0.38 | 47.7% | 271.1% |
| Free Cash Flow | $355M | $494M | $451M | -28.1% | -21.3% |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $351M |
| Selling & Marketing | $607M |
| General & Administrative | $388M |
| SG&A Expenses | $995M |
| Other Expenses | $159M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $163M |
| Interest Income | $49M |
| Interest Expense | $0 |
| Other Income/Expenses | $108M |
| INCOME BEFORE TAX | $271M |
| Income Tax Expense | -$13M |
| Net Income from Continuing Ops | $284M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $285M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $285M |
| D&A | $159M |
| EBIT | $163M |
| EBITDA | $322M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $351M |
| Selling & Marketing | $607M |
| General & Administrative | $388M |
| SG&A Expenses | $995M |
| Other Expenses | $159M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $163M |
| Interest Income | $49M |
| Interest Expense | $0 |
| Other Income/Expenses | $108M |
| INCOME BEFORE TAX | $271M |
| Income Tax Expense | -$13M |
| Net Income from Continuing Ops | $284M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $285M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $285M |
| D&A | $159M |
| EBIT | $163M |
| EBITDA | $322M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $284M |
| Depreciation & Amortization | $159M |
| Stock-Based Compensation | $282M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$222M |
| OPERATING CASH FLOW | $504M |
| Capital Expenditure | -$149M |
| Acquisitions (Net) | -$1.1B |
| Purchases of Investments | -$300M |
| Sales/Maturities of Investments | $654M |
| Other Investing Activities | -$83M |
| NET CASH FROM INVESTING | -$941M |
| Net Debt Issuance | $2.0B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | $2.4B |
| FREE CASH FLOW | $355M |
| Net Change in Cash | $2.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.9B |
| Short-Term Investments | $1.1B |
| Net Receivables | $994M |
| Inventory | $0 |
| Other Current Assets | $3.5B |
| TOTAL CURRENT ASSETS | $9.7B |
| PP&E (Net) | $1.3B |
| Goodwill | $3.5B |
| Intangible Assets | $890M |
| Long-Term Investments | $725M |
| Tax Assets | $0 |
| Other Non-Current Assets | $774M |
| TOTAL NON-CURRENT ASSETS | $7.2B |
| TOTAL ASSETS | $16.9B |
| Account Payables | $345M |
| Short-Term Debt | $0 |
| Deferred Revenue | $421M |
| Other Current Liabilities | $1.9B |
| TOTAL CURRENT LIABILITIES | $4.7B |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $153M |
| TOTAL NON-CURRENT LIABILITIES | $3.3B |
| TOTAL LIABILITIES | $8.0B |
| Common Stock | $0 |
| Additional Paid-In Capital | $13.4B |
| Retained Earnings | -$4.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $261M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.9B |
| Minority Interest | $5M |
| TOTAL EQUITY | $8.9B |
| TOTAL LIABILITIES & EQUITY | $16.9B |
| Total Debt | $3.3B |
| Net Debt | -$660M |
