| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $673M | $651M | $648M | 3.3% | 3.8% |
| Op. Income | $76M | -$22M | $70M | 442.3% | 8.9% |
| Gross Margin | 71.2% | 70.5% | 71.6% | 0.7pp | -0.4pp |
| Net Margin | 4.3% | -8.0% | 8.2% | 12.3pp | -3.9pp |
| EPS (Diluted) | $0.25 | $-0.49 | $0.41 | 151.0% | -39.0% |
| Free Cash Flow | $101M | $46M | $141M | 120.5% | -28.1% |
| Item | Amount |
|---|---|
| REVENUE | $673M |
| Cost of Revenue | $194M |
| GROSS PROFIT | $479M |
| R&D Expenses | $112M |
| Selling & Marketing | $212M |
| General & Administrative | $79M |
| SG&A Expenses | $291M |
| Other Expenses | $0 |
| Operating Expenses | $403M |
| Cost & Expenses | $596M |
| OPERATING INCOME | $76M |
| Interest Income | $9M |
| Interest Expense | $4M |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | $51M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $25M |
| EBIT | $55M |
| EBITDA | $80M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $673M |
| Cost of Revenue | $194M |
| GROSS PROFIT | $479M |
| R&D Expenses | $112M |
| Selling & Marketing | $212M |
| General & Administrative | $79M |
| SG&A Expenses | $291M |
| Other Expenses | $0 |
| Operating Expenses | $403M |
| Cost & Expenses | $596M |
| OPERATING INCOME | $76M |
| Interest Income | $9M |
| Interest Expense | $4M |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | $51M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $25M |
| EBIT | $55M |
| EBITDA | $80M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $59M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$111M |
| Change in Working Capital | $105M |
| OPERATING CASH FLOW | $108M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$81M |
| Sales/Maturities of Investments | $74M |
| Other Investing Activities | $90M |
| NET CASH FROM INVESTING | $76M |
| Net Debt Issuance | $698M |
| Common Stock Repurchased | -$335M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$37M |
| NET CASH FROM FINANCING | $327M |
| FREE CASH FLOW | $101M |
| Net Change in Cash | $534M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $229M |
| Net Receivables | $147M |
| Inventory | $0 |
| Other Current Assets | $89M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $230M |
| Goodwill | $38M |
| Intangible Assets | $317M |
| Long-Term Investments | $127M |
| Tax Assets | $156M |
| Other Non-Current Assets | $41M |
| TOTAL NON-CURRENT ASSETS | $909M |
| TOTAL ASSETS | $2.6B |
| Account Payables | $156M |
| Short-Term Debt | $6M |
| Deferred Revenue | $24M |
| Other Current Liabilities | $93M |
| TOTAL CURRENT LIABILITIES | $486M |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $121M |
| TOTAL NON-CURRENT LIABILITIES | $3.2B |
| TOTAL LIABILITIES | $3.7B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$2.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$220M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$1.1B |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $3.1B |
| Net Debt | $1.9B |
