| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $301M | $211M | $223M | 42.8% | 34.5% |
| Op. Income | $205M | $132M | $134M | 55.8% | 53.4% |
| Gross Margin | 92.0% | 91.6% | 88.7% | 0.4pp | 3.3pp |
| Net Margin | 60.1% | 54.9% | 49.1% | 5.2pp | 11.0pp |
| EPS (Diluted) | $5.35 | $3.45 | $3.93 | 55.1% | 36.1% |
| Free Cash Flow | $105M | -$34M | -$62M | 403.1% | 268.4% |
| Item | Amount |
|---|---|
| REVENUE | $301M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $277M |
| R&D Expenses | $54M |
| Selling & Marketing | $0 |
| General & Administrative | $18M |
| SG&A Expenses | $18M |
| Other Expenses | $0 |
| Operating Expenses | $71M |
| Cost & Expenses | $95M |
| OPERATING INCOME | $205M |
| Interest Income | $9M |
| Interest Expense | $10M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $211M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $181M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $181M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $181M |
| D&A | $19M |
| EBIT | $221M |
| EBITDA | $240M |
| EPS | $7 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $301M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $277M |
| R&D Expenses | $54M |
| Selling & Marketing | $0 |
| General & Administrative | $18M |
| SG&A Expenses | $18M |
| Other Expenses | $0 |
| Operating Expenses | $71M |
| Cost & Expenses | $95M |
| OPERATING INCOME | $205M |
| Interest Income | $9M |
| Interest Expense | $10M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $211M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $181M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $181M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $181M |
| D&A | $19M |
| EBIT | $221M |
| EBITDA | $240M |
| EPS | $7 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $181M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $21M |
| Other Non-Cash Items | -$33M |
| Change in Working Capital | -$94M |
| OPERATING CASH FLOW | $105M |
| Capital Expenditure | -$574.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$149M |
| Sales/Maturities of Investments | $81M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$82M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$26M |
| Common Dividends Paid | -$16M |
| Other Financing Activities | -$939.0K |
| NET CASH FROM FINANCING | -$43M |
| FREE CASH FLOW | $105M |
| Net Change in Cash | -$19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $518M |
| Short-Term Investments | $419M |
| Net Receivables | $413M |
| Inventory | $0 |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $41M |
| Goodwill | $22M |
| Intangible Assets | $318M |
| Long-Term Investments | $13M |
| Tax Assets | $96M |
| Other Non-Current Assets | $107M |
| TOTAL NON-CURRENT ASSETS | $598M |
| TOTAL ASSETS | $2.0B |
| Account Payables | $8M |
| Short-Term Debt | $456M |
| Deferred Revenue | $178M |
| Other Current Liabilities | $29M |
| TOTAL CURRENT LIABILITIES | $709M |
| Long-Term Debt | $17M |
| Deferred Revenue NC | $114M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $44M |
| TOTAL NON-CURRENT LIABILITIES | $189M |
| TOTAL LIABILITIES | $898M |
| Common Stock | $709.0K |
| Additional Paid-In Capital | $805M |
| Retained Earnings | $2.0B |
| Treasury Stock | -$1.8B |
| Accum. Other Comp. Income | -$107.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $488M |
| Net Debt | -$30M |
