| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $764M | $746M | $628M | 2.5% | 21.6% |
| Op. Income | $184M | $172M | $145M | 7.1% | 26.9% |
| Gross Margin | 46.9% | 46.4% | 47.6% | 0.6pp | -0.7pp |
| Net Margin | 10.0% | 9.8% | 8.6% | 0.2pp | 1.4pp |
| EPS (Diluted) | $2.86 | $2.69 | $1.93 | 6.3% | 48.2% |
| Free Cash Flow | $436M | $378M | $350M | 15.3% | 24.7% |
| Item | Amount |
|---|---|
| REVENUE | $764M |
| Cost of Revenue | $405M |
| GROSS PROFIT | $359M |
| R&D Expenses | $0 |
| Selling & Marketing | $143M |
| General & Administrative | $41M |
| SG&A Expenses | $183M |
| Other Expenses | -$9M |
| Operating Expenses | $175M |
| Cost & Expenses | $580M |
| OPERATING INCOME | $184M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$83M |
| INCOME BEFORE TAX | $101M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $76M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $76M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $76M |
| D&A | $10M |
| EBIT | $101M |
| EBITDA | $112M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $764M |
| Cost of Revenue | $405M |
| GROSS PROFIT | $359M |
| R&D Expenses | $0 |
| Selling & Marketing | $143M |
| General & Administrative | $41M |
| SG&A Expenses | $183M |
| Other Expenses | -$9M |
| Operating Expenses | $175M |
| Cost & Expenses | $580M |
| OPERATING INCOME | $184M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$83M |
| INCOME BEFORE TAX | $101M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $76M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $76M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $76M |
| D&A | $10M |
| EBIT | $101M |
| EBITDA | $112M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $76M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | $326M |
| Change in Working Capital | $18M |
| OPERATING CASH FLOW | $447M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$517M |
| NET CASH FROM INVESTING | -$528M |
| Net Debt Issuance | $206M |
| Common Stock Repurchased | -$55M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $149M |
| FREE CASH FLOW | $436M |
| Net Change in Cash | $68M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $56M |
| Short-Term Investments | $0 |
| Net Receivables | $4.9B |
| Inventory | $0 |
| Other Current Assets | $324M |
| TOTAL CURRENT ASSETS | $5.3B |
| PP&E (Net) | $145M |
| Goodwill | $279M |
| Intangible Assets | $7M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $27M |
| TOTAL NON-CURRENT ASSETS | $458M |
| TOTAL ASSETS | $5.7B |
| Account Payables | $258M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $258M |
| Long-Term Debt | $4.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $242M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $4.2B |
| TOTAL LIABILITIES | $4.5B |
| Common Stock | $0 |
| Additional Paid-In Capital | $347M |
| Retained Earnings | $1.8B |
| Treasury Stock | -$956M |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $5.7B |
| Total Debt | $4.0B |
| Net Debt | $3.9B |
