| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.4B | $4.2B | $4.1B | 3.9% | 6.7% |
| Op. Income | $815M | $249M | $833M | 227.3% | -2.2% |
| Gross Margin | 23.9% | 12.3% | 24.9% | 11.6pp | -1.0pp |
| Net Margin | 15.4% | 5.0% | 17.5% | 10.5pp | -2.1pp |
| EPS (Diluted) | $16.10 | $4.90 | $16.70 | 228.6% | -3.6% |
| Free Cash Flow | $1.1B | $928M | $1.3B | 16.3% | -19.3% |
| Item | Amount |
|---|---|
| REVENUE | $4.4B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $31M |
| SG&A Expenses | $31M |
| Other Expenses | $206M |
| Operating Expenses | $237M |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $815M |
| Interest Income | $2M |
| Interest Expense | $38M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $815M |
| Income Tax Expense | $135M |
| Net Income from Continuing Ops | $680M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $680M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $672M |
| D&A | $0 |
| EBIT | $853M |
| EBITDA | $853M |
| EPS | $16 |
| EPS Diluted | $16 |
| Item | Amount |
|---|---|
| REVENUE | $4.4B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $31M |
| SG&A Expenses | $31M |
| Other Expenses | $206M |
| Operating Expenses | $237M |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $815M |
| Interest Income | $2M |
| Interest Expense | $38M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $815M |
| Income Tax Expense | $135M |
| Net Income from Continuing Ops | $680M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $680M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $672M |
| D&A | $0 |
| EBIT | $853M |
| EBITDA | $853M |
| EPS | $16 |
| EPS Diluted | $16 |
| Item | Amount |
|---|---|
| Net Income | $680M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $27M |
| Change in Working Capital | $352M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.1B |
| Sales/Maturities of Investments | $1.7B |
| Other Investing Activities | -$70M |
| NET CASH FROM INVESTING | -$445M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$200M |
| Common Dividends Paid | -$84M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$284M |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | $335M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $17.2B |
| Net Receivables | $11.2B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $31.2B |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $1.6B |
| Long-Term Investments | $25.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.5B |
| TOTAL NON-CURRENT ASSETS | $29.3B |
| TOTAL ASSETS | $60.5B |
| Account Payables | $918M |
| Short-Term Debt | $0 |
| Deferred Revenue | $7.6B |
| Other Current Liabilities | $32.5B |
| TOTAL CURRENT LIABILITIES | $41.1B |
| Long-Term Debt | $3.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $792M |
| TOTAL NON-CURRENT LIABILITIES | $4.4B |
| TOTAL LIABILITIES | $45.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.8B |
| Retained Earnings | $16.0B |
| Treasury Stock | -$4.5B |
| Accum. Other Comp. Income | -$321M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $15.0B |
| TOTAL LIABILITIES & EQUITY | $60.5B |
| Total Debt | $3.6B |
| Net Debt | $1.7B |
