| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.1B | $1.0B | 15.4% | 16.5% |
| Op. Income | $311M | $217M | -$477M | 43.4% | 165.1% |
| Gross Margin | 92.1% | 91.5% | 91.1% | 0.6pp | 1.0pp |
| Net Margin | 33.3% | 15.0% | -42.6% | 18.3pp | 75.9pp |
| EPS (Diluted) | $2.04 | $0.80 | $-2.04 | 155.0% | 200.0% |
| Free Cash Flow | $26M | $263M | -$631M | -90.2% | 104.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $96M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $478M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $331M |
| Other Expenses | $0 |
| Operating Expenses | $809M |
| Cost & Expenses | $905M |
| OPERATING INCOME | $311M |
| Interest Income | $25M |
| Interest Expense | $594.0K |
| Other Income/Expenses | $247M |
| INCOME BEFORE TAX | $558M |
| Income Tax Expense | $153M |
| Net Income from Continuing Ops | $405M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $405M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $405M |
| D&A | $23M |
| EBIT | $559M |
| EBITDA | $582M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $96M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $478M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $331M |
| Other Expenses | $0 |
| Operating Expenses | $809M |
| Cost & Expenses | $905M |
| OPERATING INCOME | $311M |
| Interest Income | $25M |
| Interest Expense | $594.0K |
| Other Income/Expenses | $247M |
| INCOME BEFORE TAX | $558M |
| Income Tax Expense | $153M |
| Net Income from Continuing Ops | $405M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $405M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $405M |
| D&A | $23M |
| EBIT | $559M |
| EBITDA | $582M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $405M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $65M |
| Deferred Income Tax | $117M |
| Other Non-Cash Items | $18M |
| Change in Working Capital | -$583M |
| OPERATING CASH FLOW | $45M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$56M |
| Sales/Maturities of Investments | $56M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$19M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | $26M |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $467M |
| Net Receivables | $843M |
| Inventory | $83M |
| Other Current Assets | $296M |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $828M |
| Goodwill | $156M |
| Intangible Assets | $126M |
| Long-Term Investments | $13M |
| Tax Assets | $652M |
| Other Non-Current Assets | $403M |
| TOTAL NON-CURRENT ASSETS | $2.2B |
| TOTAL ASSETS | $5.8B |
| Account Payables | $241M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $786M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $340M |
| TOTAL NON-CURRENT LIABILITIES | $372M |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $194.0K |
| Additional Paid-In Capital | $4.7B |
| Retained Earnings | -$510M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.2B |
| TOTAL LIABILITIES & EQUITY | $5.8B |
| Total Debt | $42M |
| Net Debt | -$1.9B |
