| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.5B | $1.4B | 9.5% | 10.6% |
| Op. Income | $2M | -$29M | -$27M | 108.4% | 108.9% |
| Gross Margin | 41.1% | 40.5% | 42.9% | 0.6pp | -1.8pp |
| Net Margin | 2.5% | 0.2% | 0.3% | 2.4pp | 2.2pp |
| EPS (Diluted) | $0.10 | $0.01 | $0.01 | 1462.3% | 681.1% |
| Free Cash Flow | $329M | $281M | $256M | 17.4% | 28.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $936M |
| GROSS PROFIT | $652M |
| R&D Expenses | $109M |
| Selling & Marketing | $191M |
| General & Administrative | $232M |
| SG&A Expenses | $423M |
| Other Expenses | $117M |
| Operating Expenses | $650M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | $42M |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $31M |
| EBIT | $49M |
| EBITDA | $80M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $936M |
| GROSS PROFIT | $652M |
| R&D Expenses | $109M |
| Selling & Marketing | $191M |
| General & Administrative | $232M |
| SG&A Expenses | $423M |
| Other Expenses | $117M |
| Operating Expenses | $650M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | $42M |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $31M |
| EBIT | $49M |
| EBITDA | $80M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $40M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $82M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$19M |
| Change in Working Capital | $210M |
| OPERATING CASH FLOW | $344M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $18M |
| Purchases of Investments | -$565M |
| Sales/Maturities of Investments | $993M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $431M |
| Net Debt Issuance | -$417M |
| Common Stock Repurchased | -$200M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$37M |
| NET CASH FROM FINANCING | -$648M |
| FREE CASH FLOW | $329M |
| Net Change in Cash | -$72M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $914M |
| Short-Term Investments | $878M |
| Net Receivables | $360M |
| Inventory | $0 |
| Other Current Assets | $242M |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $544M |
| Goodwill | $256M |
| Intangible Assets | $38M |
| Long-Term Investments | $43M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.7B |
| TOTAL NON-CURRENT ASSETS | $2.6B |
| TOTAL ASSETS | $5.4B |
| Account Payables | $104M |
| Short-Term Debt | $47M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.3B |
| TOTAL CURRENT LIABILITIES | $3.9B |
| Long-Term Debt | $527M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $51M |
| TOTAL NON-CURRENT LIABILITIES | $720M |
| TOTAL LIABILITIES | $4.6B |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $11.0B |
| Retained Earnings | -$10.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $733M |
| Minority Interest | $0 |
| TOTAL EQUITY | $733M |
| TOTAL LIABILITIES & EQUITY | $5.4B |
| Total Debt | $770M |
| Net Debt | -$144M |
