| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.5B | $1.4B | 5.9% | 13.6% |
| Op. Income | $457M | $454M | $437M | 0.6% | 4.5% |
| Gross Margin | 81.5% | 81.0% | 80.8% | 0.5pp | 0.7pp |
| Net Margin | 27.0% | 28.1% | 26.5% | -1.1pp | 0.5pp |
| EPS (Diluted) | $0.57 | $0.56 | $0.49 | 1.8% | 16.3% |
| Free Cash Flow | $284M | $797M | $319M | -64.3% | -10.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $302M |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $210M |
| Selling & Marketing | $592M |
| General & Administrative | $57M |
| SG&A Expenses | $649M |
| Other Expenses | $13M |
| Operating Expenses | $872M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $457M |
| Interest Income | $45M |
| Interest Expense | $5M |
| Other Income/Expenses | $60M |
| INCOME BEFORE TAX | $517M |
| Income Tax Expense | $77M |
| Net Income from Continuing Ops | $440M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $440M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $440M |
| D&A | $38M |
| EBIT | $522M |
| EBITDA | $560M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $302M |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $210M |
| Selling & Marketing | $592M |
| General & Administrative | $57M |
| SG&A Expenses | $649M |
| Other Expenses | $13M |
| Operating Expenses | $872M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $457M |
| Interest Income | $45M |
| Interest Expense | $5M |
| Other Income/Expenses | $60M |
| INCOME BEFORE TAX | $517M |
| Income Tax Expense | $77M |
| Net Income from Continuing Ops | $440M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $440M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $440M |
| D&A | $38M |
| EBIT | $522M |
| EBITDA | $560M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $440M |
| Depreciation & Amortization | $38M |
| Stock-Based Compensation | $69M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $64M |
| Change in Working Capital | -$159M |
| OPERATING CASH FLOW | $452M |
| Capital Expenditure | -$168M |
| Acquisitions (Net) | -$30M |
| Purchases of Investments | -$474M |
| Sales/Maturities of Investments | $406M |
| Other Investing Activities | -$100.0K |
| NET CASH FROM INVESTING | -$266M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$401M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$24M |
| NET CASH FROM FINANCING | -$414M |
| FREE CASH FLOW | $284M |
| Net Change in Cash | -$228M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.4B |
| Short-Term Investments | $1.2B |
| Net Receivables | $1.2B |
| Inventory | $405M |
| Other Current Assets | $163M |
| TOTAL CURRENT ASSETS | $6.3B |
| PP&E (Net) | $1.5B |
| Goodwill | $259M |
| Intangible Assets | $123M |
| Long-Term Investments | $112M |
| Tax Assets | $1.5B |
| Other Non-Current Assets | $799M |
| TOTAL NON-CURRENT ASSETS | $4.3B |
| TOTAL ASSETS | $10.6B |
| Account Payables | $245M |
| Short-Term Debt | $499M |
| Deferred Revenue | $3.4B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4.8B |
| Long-Term Debt | $496M |
| Deferred Revenue NC | $3.2B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $153M |
| TOTAL NON-CURRENT LIABILITIES | $3.8B |
| TOTAL LIABILITIES | $8.6B |
| Common Stock | $800.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $364M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $10.6B |
| Total Debt | $995M |
| Net Debt | -$2.4B |
