| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $326M | $324M | $319M | 0.6% | 2.3% |
| Op. Income | $231M | $207M | $239M | 11.7% | -3.4% |
| Gross Margin | 94.8% | 90.3% | 100.1% | 4.4pp | -5.3pp |
| Net Margin | 59.9% | 54.1% | 63.9% | 5.8pp | -4.0pp |
| EPS (Diluted) | $1.93 | $1.69 | $1.91 | 14.2% | 1.0% |
| Free Cash Flow | $189M | $221M | $188M | -14.7% | 0.6% |
| Item | Amount |
|---|---|
| REVENUE | $326M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $309M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $31M |
| SG&A Expenses | $31M |
| Other Expenses | $47M |
| Operating Expenses | $78M |
| Cost & Expenses | $95M |
| OPERATING INCOME | $231M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $231M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $195M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $195M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $195M |
| D&A | $1M |
| EBIT | $239M |
| EBITDA | $241M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $326M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $309M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $31M |
| SG&A Expenses | $31M |
| Other Expenses | $47M |
| Operating Expenses | $78M |
| Cost & Expenses | $95M |
| OPERATING INCOME | $231M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $231M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $195M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $195M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $195M |
| D&A | $1M |
| EBIT | $239M |
| EBITDA | $241M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $195M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $10M |
| Other Non-Cash Items | -$83.0K |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | $190M |
| Capital Expenditure | -$742.0K |
| Acquisitions (Net) | -$35M |
| Purchases of Investments | -$253M |
| Sales/Maturities of Investments | $184M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$104M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$171M |
| Common Dividends Paid | -$31M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$201M |
| FREE CASH FLOW | $189M |
| Net Change in Cash | -$116M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $92M |
| Short-Term Investments | $6.0B |
| Net Receivables | $52M |
| Inventory | $0 |
| Other Current Assets | -$6.6B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $42M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $6.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$6.1B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $7.2B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $495M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $427M |
| Other Non-Current Liabilities | -$922M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $888M |
| Retained Earnings | $5.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$216M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.7B |
| TOTAL LIABILITIES & EQUITY | $7.2B |
| Total Debt | $495M |
| Net Debt | $403M |
