| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $727M | $700M | $664M | 3.8% | 9.4% |
| Op. Income | $161M | $148M | $129M | 8.4% | 24.7% |
| Gross Margin | 66.8% | 66.9% | 66.2% | -0.1pp | 0.6pp |
| Net Margin | 25.8% | 18.5% | 17.4% | 7.3pp | 8.4pp |
| EPS (Diluted) | $2.96 | $2.01 | $1.76 | 47.3% | 68.2% |
| Free Cash Flow | $39M | $265M | $148M | -85.4% | -73.9% |
| Item | Amount |
|---|---|
| REVENUE | $727M |
| Cost of Revenue | $242M |
| GROSS PROFIT | $485M |
| R&D Expenses | $90M |
| Selling & Marketing | $170M |
| General & Administrative | $65M |
| SG&A Expenses | $235M |
| Other Expenses | $0 |
| Operating Expenses | $325M |
| Cost & Expenses | $566M |
| OPERATING INCOME | $161M |
| Interest Income | $15M |
| Interest Expense | $0 |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | $175M |
| Income Tax Expense | -$12M |
| Net Income from Continuing Ops | $187M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $187M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $187M |
| D&A | $45M |
| EBIT | $161M |
| EBITDA | $205M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $727M |
| Cost of Revenue | $242M |
| GROSS PROFIT | $485M |
| R&D Expenses | $90M |
| Selling & Marketing | $170M |
| General & Administrative | $65M |
| SG&A Expenses | $235M |
| Other Expenses | $0 |
| Operating Expenses | $325M |
| Cost & Expenses | $566M |
| OPERATING INCOME | $161M |
| Interest Income | $15M |
| Interest Expense | $0 |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | $175M |
| Income Tax Expense | -$12M |
| Net Income from Continuing Ops | $187M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $187M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $187M |
| D&A | $45M |
| EBIT | $161M |
| EBITDA | $205M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $187M |
| Depreciation & Amortization | $45M |
| Stock-Based Compensation | $37M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$200M |
| OPERATING CASH FLOW | $61M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$25M |
| Sales/Maturities of Investments | $76M |
| Other Investing Activities | -$18M |
| NET CASH FROM INVESTING | $29M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$31M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $333.0K |
| NET CASH FROM FINANCING | -$31M |
| FREE CASH FLOW | $39M |
| Net Change in Cash | $65M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $535M |
| Short-Term Investments | $1.1B |
| Net Receivables | $681M |
| Inventory | $0 |
| Other Current Assets | $223M |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $255M |
| Goodwill | $1.9B |
| Intangible Assets | $192M |
| Long-Term Investments | $0 |
| Tax Assets | $244M |
| Other Non-Current Assets | $217M |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $5.3B |
| Account Payables | $82M |
| Short-Term Debt | $460M |
| Deferred Revenue | $356M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $67M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $60M |
| TOTAL NON-CURRENT LIABILITIES | $195M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $3.7B |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $5.3B |
| Total Debt | $539M |
| Net Debt | $4M |
