| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $472M | $467M | $425M | 1.1% | 11.0% |
| Op. Income | $123M | $115M | $103M | 6.6% | 18.9% |
| Gross Margin | 66.8% | 65.2% | 60.6% | 1.6pp | 6.2pp |
| Net Margin | 21.0% | 19.9% | 22.3% | 1.1pp | -1.3pp |
| EPS (Diluted) | $0.53 | $0.49 | $0.52 | 8.2% | 1.9% |
| Free Cash Flow | $88M | -$9M | $166M | 1112.6% | -47.3% |
| Item | Amount |
|---|---|
| REVENUE | $472M |
| Cost of Revenue | $156M |
| GROSS PROFIT | $315M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $107M |
| SG&A Expenses | $110M |
| Other Expenses | $83M |
| Operating Expenses | $193M |
| Cost & Expenses | $349M |
| OPERATING INCOME | $123M |
| Interest Income | $403M |
| Interest Expense | $148M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $123M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $99M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $99M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $97M |
| D&A | $13M |
| EBIT | $123M |
| EBITDA | $135M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $472M |
| Cost of Revenue | $156M |
| GROSS PROFIT | $315M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $107M |
| SG&A Expenses | $110M |
| Other Expenses | $83M |
| Operating Expenses | $193M |
| Cost & Expenses | $349M |
| OPERATING INCOME | $123M |
| Interest Income | $403M |
| Interest Expense | $148M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $123M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $99M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $99M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $97M |
| D&A | $13M |
| EBIT | $123M |
| EBITDA | $135M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $99M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | $92M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$247M |
| Sales/Maturities of Investments | $211M |
| Other Investing Activities | -$156M |
| NET CASH FROM INVESTING | -$196M |
| Net Debt Issuance | $117M |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | -$35M |
| Other Financing Activities | -$191M |
| NET CASH FROM FINANCING | -$122M |
| FREE CASH FLOW | $88M |
| Net Change in Cash | -$226M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $781M |
| Short-Term Investments | $2.6B |
| Net Receivables | $501M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.9B |
| PP&E (Net) | $184M |
| Goodwill | $0 |
| Intangible Assets | $624M |
| Long-Term Investments | $25.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $28.2B |
| TOTAL ASSETS | $32.0B |
| Account Payables | $28M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $26.1B |
| TOTAL CURRENT LIABILITIES | $26.1B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $799M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $28.7B |
| Common Stock | $618M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $1.9B |
| Treasury Stock | -$900M |
| Accum. Other Comp. Income | -$272M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $32.0B |
| Total Debt | $1.8B |
| Net Debt | $993M |
