| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $1.2B | 1.6% | -9.4% |
| Op. Income | $198M | $199M | $156M | -0.6% | 27.0% |
| Gross Margin | 38.1% | 38.5% | 35.6% | -0.4pp | 2.5pp |
| Net Margin | 14.5% | 13.6% | 9.5% | 0.9pp | 5.0pp |
| EPS (Diluted) | $1.45 | $1.33 | $1.01 | 9.0% | 43.6% |
| Free Cash Flow | $156M | $78M | $113M | 100.1% | 38.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $698M |
| GROSS PROFIT | $430M |
| R&D Expenses | $82M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $135M |
| Other Expenses | $16M |
| Operating Expenses | $232M |
| Cost & Expenses | $930M |
| OPERATING INCOME | $198M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $189M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $164M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $163M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $163M |
| D&A | $46M |
| EBIT | $198M |
| EBITDA | $244M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $698M |
| GROSS PROFIT | $430M |
| R&D Expenses | $82M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $135M |
| Other Expenses | $16M |
| Operating Expenses | $232M |
| Cost & Expenses | $930M |
| OPERATING INCOME | $198M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $189M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $164M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $163M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $163M |
| D&A | $46M |
| EBIT | $198M |
| EBITDA | $244M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $164M |
| Depreciation & Amortization | $46M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | $645.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$65M |
| OPERATING CASH FLOW | $172M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | -$86.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $60M |
| Other Investing Activities | $394.0K |
| NET CASH FROM INVESTING | $44M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$135M |
| Common Dividends Paid | -$54M |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | -$183M |
| FREE CASH FLOW | $156M |
| Net Change in Cash | $34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $247M |
| Short-Term Investments | $76M |
| Net Receivables | $958M |
| Inventory | $0 |
| Other Current Assets | $280M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $875M |
| Goodwill | $2.9B |
| Intangible Assets | $171M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $713M |
| TOTAL NON-CURRENT ASSETS | $4.6B |
| TOTAL ASSETS | $6.2B |
| Account Payables | $346M |
| Short-Term Debt | $0 |
| Deferred Revenue | $140M |
| Other Current Liabilities | $382M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $647M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $209M |
| Other Non-Current Liabilities | $404M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $5M |
| Additional Paid-In Capital | $4.5B |
| Retained Earnings | $7.0B |
| Treasury Stock | -$8.1B |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $41M |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $6.2B |
| Total Debt | $788M |
| Net Debt | $540M |
