| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $523M | $509M | $463M | 2.8% | 12.9% |
| Op. Income | $119M | $129M | $82M | -7.7% | 46.0% |
| Gross Margin | 81.1% | 82.2% | 73.8% | -1.0pp | 7.4pp |
| Net Margin | 20.9% | 21.4% | 17.4% | -0.6pp | 3.5pp |
| EPS (Diluted) | $0.41 | $0.42 | $0.30 | -1.8% | 36.6% |
| Free Cash Flow | $1M | $75M | $141M | -98.3% | -99.1% |
| Item | Amount |
|---|---|
| REVENUE | $523M |
| Cost of Revenue | $99M |
| GROSS PROFIT | $424M |
| R&D Expenses | $19M |
| Selling & Marketing | $89M |
| General & Administrative | $16M |
| SG&A Expenses | $105M |
| Other Expenses | $182M |
| Operating Expenses | $305M |
| Cost & Expenses | $404M |
| OPERATING INCOME | $119M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $17M |
| INCOME BEFORE TAX | $136M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $110M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $109M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $109M |
| D&A | $0 |
| EBIT | $127M |
| EBITDA | $127M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $523M |
| Cost of Revenue | $99M |
| GROSS PROFIT | $424M |
| R&D Expenses | $19M |
| Selling & Marketing | $89M |
| General & Administrative | $16M |
| SG&A Expenses | $105M |
| Other Expenses | $182M |
| Operating Expenses | $305M |
| Cost & Expenses | $404M |
| OPERATING INCOME | $119M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $17M |
| INCOME BEFORE TAX | $136M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $110M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $109M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $109M |
| D&A | $0 |
| EBIT | $127M |
| EBITDA | $127M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $109M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$114M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$150M |
| NET CASH FROM INVESTING | -$150M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $96M |
| NET CASH FROM FINANCING | $96M |
| FREE CASH FLOW | $1M |
| Net Change in Cash | -$52M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $774M |
| Short-Term Investments | $379M |
| Net Receivables | $1.4B |
| Inventory | $0 |
| Other Current Assets | $259M |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $96M |
| Goodwill | $0 |
| Intangible Assets | $22M |
| Long-Term Investments | $167M |
| Tax Assets | $455M |
| Other Non-Current Assets | $199M |
| TOTAL NON-CURRENT ASSETS | $938M |
| TOTAL ASSETS | $3.7B |
| Account Payables | $0 |
| Short-Term Debt | $10M |
| Deferred Revenue | $199M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $679M |
| Long-Term Debt | $151M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $88M |
| Other Non-Current Liabilities | $465M |
| TOTAL NON-CURRENT LIABILITIES | $710M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $853M |
| Retained Earnings | $1.6B |
| Treasury Stock | -$316M |
| Accum. Other Comp. Income | $136M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $50M |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $166M |
| Net Debt | -$608M |
