| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $574M | $601M | $546M | -4.5% | 5.2% |
| Op. Income | $123M | $151M | $119M | -18.7% | 3.4% |
| Gross Margin | 42.0% | 42.9% | 41.2% | -0.9pp | 0.8pp |
| Net Margin | 17.1% | 19.8% | 16.9% | -2.8pp | 0.2pp |
| EPS (Diluted) | $1.34 | $1.63 | $1.26 | -17.8% | 6.3% |
| Free Cash Flow | $73M | $104M | $65M | -29.9% | 12.8% |
| Item | Amount |
|---|---|
| REVENUE | $574M |
| Cost of Revenue | $333M |
| GROSS PROFIT | $241M |
| R&D Expenses | $41M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $77M |
| Other Expenses | $0 |
| Operating Expenses | $118M |
| Cost & Expenses | $451M |
| OPERATING INCOME | $123M |
| Interest Income | $7M |
| Interest Expense | $3M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $127M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $98M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $98M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $98M |
| D&A | $52M |
| EBIT | $130M |
| EBITDA | $182M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $574M |
| Cost of Revenue | $333M |
| GROSS PROFIT | $241M |
| R&D Expenses | $41M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $77M |
| Other Expenses | $0 |
| Operating Expenses | $118M |
| Cost & Expenses | $451M |
| OPERATING INCOME | $123M |
| Interest Income | $7M |
| Interest Expense | $3M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $127M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $98M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $98M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $98M |
| D&A | $52M |
| EBIT | $130M |
| EBITDA | $182M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $98M |
| Depreciation & Amortization | $52M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $23.0K |
| Change in Working Capital | -$64M |
| OPERATING CASH FLOW | $90M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$61M |
| Net Debt Issuance | $10M |
| Common Stock Repurchased | -$17M |
| Common Dividends Paid | -$40M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$46M |
| FREE CASH FLOW | $73M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $26M |
| Short-Term Investments | $0 |
| Net Receivables | $283M |
| Inventory | $0 |
| Other Current Assets | $271M |
| TOTAL CURRENT ASSETS | $580M |
| PP&E (Net) | $227M |
| Goodwill | $805M |
| Intangible Assets | $680M |
| Long-Term Investments | $137M |
| Tax Assets | $0 |
| Other Non-Current Assets | $483M |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $2.9B |
| Account Payables | $24M |
| Short-Term Debt | $90M |
| Deferred Revenue | $197M |
| Other Current Liabilities | -$9M |
| TOTAL CURRENT LIABILITIES | $497M |
| Long-Term Debt | $60M |
| Deferred Revenue NC | $72M |
| Deferred Tax Liabilities | $235M |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $439M |
| TOTAL LIABILITIES | $936M |
| Common Stock | $1M |
| Additional Paid-In Capital | $633M |
| Retained Earnings | $3.2B |
| Treasury Stock | -$1.9B |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $206M |
| Net Debt | $180M |
