| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $500M | $488M | $516M | 2.4% | -3.0% |
| Op. Income | $145M | $149M | $145M | -3.1% | -0.2% |
| Gross Margin | 71.9% | 72.2% | 67.8% | -0.3pp | 4.1pp |
| Net Margin | 22.7% | 24.5% | 22.2% | -1.8pp | 0.5pp |
| EPS (Diluted) | $1.32 | $1.38 | $1.31 | -4.3% | 0.8% |
| Free Cash Flow | $122M | $100M | $104M | 21.7% | 17.6% |
| Item | Amount |
|---|---|
| REVENUE | $500M |
| Cost of Revenue | $141M |
| GROSS PROFIT | $360M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $117M |
| SG&A Expenses | $120M |
| Other Expenses | $95M |
| Operating Expenses | $215M |
| Cost & Expenses | $355M |
| OPERATING INCOME | $145M |
| Interest Income | $403M |
| Interest Expense | $126M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $145M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $114M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $114M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $113M |
| D&A | $10M |
| EBIT | $145M |
| EBITDA | $154M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $500M |
| Cost of Revenue | $141M |
| GROSS PROFIT | $360M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $117M |
| SG&A Expenses | $120M |
| Other Expenses | $95M |
| Operating Expenses | $215M |
| Cost & Expenses | $355M |
| OPERATING INCOME | $145M |
| Interest Income | $403M |
| Interest Expense | $126M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $145M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $114M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $114M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $113M |
| D&A | $10M |
| EBIT | $145M |
| EBITDA | $154M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $114M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $19M |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | $126M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$359M |
| Sales/Maturities of Investments | $470M |
| Other Investing Activities | -$508M |
| NET CASH FROM INVESTING | -$400M |
| Net Debt Issuance | $502M |
| Common Stock Repurchased | -$39M |
| Common Dividends Paid | -$39M |
| Other Financing Activities | -$148M |
| NET CASH FROM FINANCING | $277M |
| FREE CASH FLOW | $122M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $5.6B |
| Net Receivables | $143M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $7.0B |
| PP&E (Net) | $371M |
| Goodwill | $855M |
| Intangible Assets | $142M |
| Long-Term Investments | $25.4B |
| Tax Assets | $88M |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $28.3B |
| TOTAL ASSETS | $35.2B |
| Account Payables | $17M |
| Short-Term Debt | $1.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$17M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $211M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $29.6B |
| TOTAL NON-CURRENT LIABILITIES | $29.8B |
| TOTAL LIABILITIES | $30.8B |
| Common Stock | $310M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $2.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$470M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.4B |
| TOTAL LIABILITIES & EQUITY | $35.2B |
| Total Debt | $1.4B |
| Net Debt | $267M |
