| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $989M | $927M | $682M | 6.7% | 45.0% |
| Op. Income | $439M | $372M | $189M | 18.0% | 132.3% |
| Gross Margin | 92.2% | 85.5% | 82.0% | 6.7pp | 10.2pp |
| Net Margin | 39.0% | 36.2% | 27.6% | 2.8pp | 11.5pp |
| EPS (Diluted) | $0.42 | $0.37 | $0.21 | 13.5% | 102.1% |
| Free Cash Flow | $3.5B | $631M | $47M | 453.2% | 7327.7% |
| Item | Amount |
|---|---|
| REVENUE | $989M |
| Cost of Revenue | $77M |
| GROSS PROFIT | $912M |
| R&D Expenses | $214M |
| Selling & Marketing | $99M |
| General & Administrative | $132M |
| SG&A Expenses | $231M |
| Other Expenses | $28M |
| Operating Expenses | $473M |
| Cost & Expenses | $550M |
| OPERATING INCOME | $439M |
| Interest Income | $352M |
| Interest Expense | $8M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $442M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $386M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $386M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $386M |
| D&A | $21M |
| EBIT | $439M |
| EBITDA | $460M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $989M |
| Cost of Revenue | $77M |
| GROSS PROFIT | $912M |
| R&D Expenses | $214M |
| Selling & Marketing | $99M |
| General & Administrative | $132M |
| SG&A Expenses | $231M |
| Other Expenses | $28M |
| Operating Expenses | $473M |
| Cost & Expenses | $550M |
| OPERATING INCOME | $439M |
| Interest Income | $352M |
| Interest Expense | $8M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $442M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $386M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $386M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $386M |
| D&A | $21M |
| EBIT | $439M |
| EBITDA | $460M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $386M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $78M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $32M |
| Change in Working Capital | $3.0B |
| OPERATING CASH FLOW | $3.5B |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $944M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $58M |
| Other Investing Activities | -$162M |
| NET CASH FROM INVESTING | $832M |
| Net Debt Issuance | $80M |
| Common Stock Repurchased | -$124M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$242M |
| NET CASH FROM FINANCING | -$286M |
| FREE CASH FLOW | $3.5B |
| Net Change in Cash | $4.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.2B |
| Short-Term Investments | $9.4B |
| Net Receivables | $10.1B |
| Inventory | $0 |
| Other Current Assets | $10.1B |
| TOTAL CURRENT ASSETS | $33.8B |
| PP&E (Net) | $149M |
| Goodwill | $383M |
| Intangible Assets | $191M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $768M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $35.3B |
| Account Payables | $369M |
| Short-Term Debt | $12.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3.6B |
| TOTAL CURRENT LIABILITIES | $27.1B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $130M |
| TOTAL NON-CURRENT LIABILITIES | $130M |
| TOTAL LIABILITIES | $27.3B |
| Common Stock | $0 |
| Additional Paid-In Capital | $11.4B |
| Retained Earnings | -$3.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.1B |
| TOTAL LIABILITIES & EQUITY | $35.3B |
| Total Debt | $12.6B |
| Net Debt | $8.5B |
