| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.8B | $2.7B | $2.7B | 3.7% | 4.4% |
| Op. Income | $539M | $515M | $335M | 4.7% | 60.9% |
| Gross Margin | 60.5% | 59.5% | 51.4% | 1.0pp | 9.1pp |
| Net Margin | 15.2% | 15.0% | 10.2% | 0.2pp | 5.0pp |
| EPS (Diluted) | $0.35 | $0.33 | $0.25 | 6.1% | 40.0% |
| Free Cash Flow | $1.2B | -$150M | -$230M | 907.3% | 626.5% |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $24M |
| General & Administrative | $843M |
| SG&A Expenses | $867M |
| Other Expenses | $287M |
| Operating Expenses | $1.2B |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $539M |
| Interest Income | $2.1B |
| Interest Expense | $966M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $539M |
| Income Tax Expense | $116M |
| Net Income from Continuing Ops | $423M |
| Net Income from Discontinued Ops | $2M |
| Other Adjustments | $0 |
| NET INCOME | $425M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $389M |
| D&A | $8M |
| EBIT | $539M |
| EBITDA | $547M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $24M |
| General & Administrative | $843M |
| SG&A Expenses | $867M |
| Other Expenses | $287M |
| Operating Expenses | $1.2B |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $539M |
| Interest Income | $2.1B |
| Interest Expense | $966M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $539M |
| Income Tax Expense | $116M |
| Net Income from Continuing Ops | $423M |
| Net Income from Discontinued Ops | $2M |
| Other Adjustments | $0 |
| NET INCOME | $425M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $389M |
| D&A | $8M |
| EBIT | $539M |
| EBITDA | $547M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $425M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $33M |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | $517M |
| Change in Working Capital | $265M |
| OPERATING CASH FLOW | $1.2B |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.5B |
| Sales/Maturities of Investments | $5.8B |
| Other Investing Activities | -$1.6B |
| NET CASH FROM INVESTING | $2.7B |
| Net Debt Issuance | -$11M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$263M |
| Other Financing Activities | -$3.8B |
| NET CASH FROM FINANCING | -$4.1B |
| FREE CASH FLOW | $1.2B |
| Net Change in Cash | -$143M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $19.9B |
| Net Receivables | $2.4B |
| Inventory | $0 |
| Other Current Assets | -$2.4B |
| TOTAL CURRENT ASSETS | $21.6B |
| PP&E (Net) | $599M |
| Goodwill | $2.8B |
| Intangible Assets | $18M |
| Long-Term Investments | $148.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $11.9B |
| TOTAL NON-CURRENT ASSETS | $163.9B |
| TOTAL ASSETS | $185.5B |
| Account Payables | $0 |
| Short-Term Debt | $2.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.8B |
| Long-Term Debt | $12.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $151.2B |
| TOTAL NON-CURRENT LIABILITIES | $163.3B |
| TOTAL LIABILITIES | $166.0B |
| Common Stock | $1.3B |
| Additional Paid-In Capital | $6.0B |
| Retained Earnings | $14.9B |
| Treasury Stock | -$2.6B |
| Accum. Other Comp. Income | -$2.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $19.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $19.5B |
| TOTAL LIABILITIES & EQUITY | $185.5B |
| Total Debt | $14.8B |
| Net Debt | $13.1B |
