| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $587M | $551M | $505M | 6.6% | 16.3% |
| Op. Income | $125M | $47M | $84M | 164.2% | 48.4% |
| Gross Margin | 40.8% | 39.2% | 39.8% | 1.7pp | 1.0pp |
| Net Margin | 16.4% | 7.4% | 13.2% | 9.0pp | 3.2pp |
| EPS (Diluted) | $2.03 | $0.94 | $1.54 | 116.0% | 31.8% |
| Free Cash Flow | $209M | -$157M | $161M | 233.0% | 29.8% |
| Item | Amount |
|---|---|
| REVENUE | $587M |
| Cost of Revenue | $347M |
| GROSS PROFIT | $240M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $115M |
| Other Expenses | $0 |
| Operating Expenses | $115M |
| Cost & Expenses | $462M |
| OPERATING INCOME | $125M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $130M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $96M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $96M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $96M |
| D&A | $27M |
| EBIT | $132M |
| EBITDA | $160M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $587M |
| Cost of Revenue | $347M |
| GROSS PROFIT | $240M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $115M |
| Other Expenses | $0 |
| Operating Expenses | $115M |
| Cost & Expenses | $462M |
| OPERATING INCOME | $125M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $130M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $96M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $96M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $96M |
| D&A | $27M |
| EBIT | $132M |
| EBITDA | $160M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $96M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $88M |
| OPERATING CASH FLOW | $223M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$86M |
| Sales/Maturities of Investments | $86M |
| Other Investing Activities | -$15M |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | -$8M |
| Common Stock Repurchased | -$759.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | $209M |
| Net Change in Cash | $200M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $515M |
| Short-Term Investments | $202M |
| Net Receivables | $583M |
| Inventory | $21M |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $133M |
| Goodwill | $247M |
| Intangible Assets | $186M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $116M |
| TOTAL NON-CURRENT ASSETS | $682M |
| TOTAL ASSETS | $2.1B |
| Account Payables | $31M |
| Short-Term Debt | $0 |
| Deferred Revenue | $17M |
| Other Current Liabilities | $45M |
| TOTAL CURRENT LIABILITIES | $231M |
| Long-Term Debt | $416M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $470.0K |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $522M |
| TOTAL LIABILITIES | $753M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $725M |
| Retained Earnings | $696M |
| Treasury Stock | -$102M |
| Accum. Other Comp. Income | -$43.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $561M |
| Net Debt | $46M |
