| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $731M | $766M | $681M | -4.6% | 7.3% |
| Op. Income | $159M | $205M | $140M | -22.5% | 13.5% |
| Gross Margin | 80.7% | 81.7% | 79.3% | -0.9pp | 1.4pp |
| Net Margin | 19.9% | 21.7% | 17.5% | -1.8pp | 2.4pp |
| EPS (Diluted) | $2.48 | $2.82 | $2.00 | -12.1% | 24.0% |
| Free Cash Flow | $246M | $195M | $212M | 26.4% | 16.0% |
| Item | Amount |
|---|---|
| REVENUE | $731M |
| Cost of Revenue | $141M |
| GROSS PROFIT | $590M |
| R&D Expenses | $137M |
| Selling & Marketing | $218M |
| General & Administrative | $77M |
| SG&A Expenses | $295M |
| Other Expenses | $0 |
| Operating Expenses | $431M |
| Cost & Expenses | $572M |
| OPERATING INCOME | $159M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | $171M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $146M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $146M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $146M |
| D&A | $22M |
| EBIT | $159M |
| EBITDA | $181M |
| EPS | $3 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $731M |
| Cost of Revenue | $141M |
| GROSS PROFIT | $590M |
| R&D Expenses | $137M |
| Selling & Marketing | $218M |
| General & Administrative | $77M |
| SG&A Expenses | $295M |
| Other Expenses | $0 |
| Operating Expenses | $431M |
| Cost & Expenses | $572M |
| OPERATING INCOME | $159M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | $171M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $146M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $146M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $146M |
| D&A | $22M |
| EBIT | $159M |
| EBITDA | $181M |
| EPS | $3 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $146M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $59M |
| Deferred Income Tax | -$27M |
| Other Non-Cash Items | $10M |
| Change in Working Capital | $47M |
| OPERATING CASH FLOW | $257M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | -$10M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$127M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$130M |
| FREE CASH FLOW | $246M |
| Net Change in Cash | $108M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $0 |
| Net Receivables | $808M |
| Inventory | $68M |
| Other Current Assets | $69M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $338M |
| Goodwill | $2.3B |
| Intangible Assets | $93M |
| Long-Term Investments | $311M |
| Tax Assets | $407M |
| Other Non-Current Assets | $135M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $5.9B |
| Account Payables | $44M |
| Short-Term Debt | $30M |
| Deferred Revenue | $1.2B |
| Other Current Liabilities | $44M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $237M |
| Deferred Revenue NC | $722M |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | -$135M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $40M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$22M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $5.9B |
| Total Debt | $503M |
| Net Debt | -$756M |
