| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $2.0B | $2.1B | 0.8% | -4.8% |
| Op. Income | $209M | $220M | $230M | -4.7% | -9.0% |
| Gross Margin | 27.8% | 27.9% | 29.6% | -0.1pp | -1.7pp |
| Net Margin | 9.1% | 7.7% | 6.9% | 1.4pp | 2.1pp |
| EPS (Diluted) | $2.30 | $1.90 | $1.76 | 21.1% | 30.7% |
| Free Cash Flow | $128M | $239M | $182M | -46.7% | -30.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $562M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $205M |
| Other Expenses | $147M |
| Operating Expenses | $352M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $209M |
| Interest Income | $2M |
| Interest Expense | $50M |
| Other Income/Expenses | -$48M |
| INCOME BEFORE TAX | $161M |
| Income Tax Expense | -$22M |
| Net Income from Continuing Ops | $183M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $183M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $183M |
| D&A | $98M |
| EBIT | $211M |
| EBITDA | $309M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $562M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $205M |
| Other Expenses | $147M |
| Operating Expenses | $352M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $209M |
| Interest Income | $2M |
| Interest Expense | $50M |
| Other Income/Expenses | -$48M |
| INCOME BEFORE TAX | $161M |
| Income Tax Expense | -$22M |
| Net Income from Continuing Ops | $183M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $183M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $183M |
| D&A | $98M |
| EBIT | $211M |
| EBITDA | $309M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $183M |
| Depreciation & Amortization | $98M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | -$21M |
| Other Non-Cash Items | $56M |
| Change in Working Capital | -$169M |
| OPERATING CASH FLOW | $162M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | -$97.9K |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $479.6K |
| Other Investing Activities | $243 |
| NET CASH FROM INVESTING | -$41M |
| Net Debt Issuance | -$8M |
| Common Stock Repurchased | -$269M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$275M |
| FREE CASH FLOW | $128M |
| Net Change in Cash | -$136M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $390M |
| Short-Term Investments | $0 |
| Net Receivables | $2.8B |
| Inventory | $0 |
| Other Current Assets | $143M |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $518M |
| Goodwill | $9.1B |
| Intangible Assets | $3.4B |
| Long-Term Investments | $153M |
| Tax Assets | $86M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $13.3B |
| TOTAL ASSETS | $16.6B |
| Account Payables | $95M |
| Short-Term Debt | $30M |
| Deferred Revenue | $1.5B |
| Other Current Liabilities | $899M |
| TOTAL CURRENT LIABILITIES | $2.6B |
| Long-Term Debt | $3.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $775M |
| Other Non-Current Liabilities | $198M |
| TOTAL NON-CURRENT LIABILITIES | $4.5B |
| TOTAL LIABILITIES | $7.0B |
| Common Stock | $6M |
| Additional Paid-In Capital | $7.1B |
| Retained Earnings | $2.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$67M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.6B |
| TOTAL LIABILITIES & EQUITY | $16.6B |
| Total Debt | $3.5B |
| Net Debt | $3.2B |
