| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $688M | $573M | $590M | 20.1% | 16.5% |
| Op. Income | $146M | $24M | $145M | 516.9% | 0.1% |
| Gross Margin | 98.4% | 98.4% | 98.4% | -0.0pp | -0.1pp |
| Net Margin | 15.6% | 1.4% | 11.0% | 14.3pp | 4.6pp |
| EPS (Diluted) | $1.06 | $0.08 | $0.63 | 1225.0% | 68.3% |
| Free Cash Flow | $90M | $54M | $53M | 65.4% | 68.9% |
| Item | Amount |
|---|---|
| REVENUE | $688M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $676M |
| R&D Expenses | $244M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $286M |
| Other Expenses | $0 |
| Operating Expenses | $531M |
| Cost & Expenses | $542M |
| OPERATING INCOME | $146M |
| Interest Income | $21M |
| Interest Expense | $0 |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | $160M |
| Income Tax Expense | $52M |
| Net Income from Continuing Ops | $108M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $108M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $108M |
| D&A | $7M |
| EBIT | $146M |
| EBITDA | $153M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $688M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $676M |
| R&D Expenses | $244M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $286M |
| Other Expenses | $0 |
| Operating Expenses | $531M |
| Cost & Expenses | $542M |
| OPERATING INCOME | $146M |
| Interest Income | $21M |
| Interest Expense | $0 |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | $160M |
| Income Tax Expense | $52M |
| Net Income from Continuing Ops | $108M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $108M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $108M |
| D&A | $7M |
| EBIT | $146M |
| EBITDA | $153M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $108M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $53M |
| Deferred Income Tax | -$37M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$39M |
| OPERATING CASH FLOW | $102M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$315M |
| Sales/Maturities of Investments | $299M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$29M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$18M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $90M |
| Net Change in Cash | $70M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $264M |
| Short-Term Investments | $712M |
| Net Receivables | $596M |
| Inventory | $57M |
| Other Current Assets | $121M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $584M |
| Goodwill | $0 |
| Intangible Assets | $37M |
| Long-Term Investments | $961M |
| Tax Assets | $537M |
| Other Non-Current Assets | $22M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $3.9B |
| Account Payables | $105M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $317M |
| TOTAL CURRENT LIABILITIES | $546M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $210M |
| TOTAL NON-CURRENT LIABILITIES | $649M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | $85M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $3.9B |
| Total Debt | $439M |
| Net Debt | $175M |
