| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | $3.1B | $2.6B | 4.1% | 22.4% |
| Op. Income | $358M | $451M | $240M | -20.6% | 49.2% |
| Gross Margin | 77.5% | 78.9% | 79.0% | -1.4pp | -1.5pp |
| Net Margin | 12.0% | 14.9% | 10.0% | -2.9pp | 2.0pp |
| EPS (Diluted) | $0.37 | $0.44 | $0.25 | -15.9% | 46.8% |
| Free Cash Flow | $526M | $1.5B | $349M | -64.3% | 50.7% |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $724M |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $734M |
| Selling & Marketing | $1.1B |
| General & Administrative | $271M |
| SG&A Expenses | $1.4B |
| Other Expenses | $0 |
| Operating Expenses | $2.1B |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $358M |
| Interest Income | $116M |
| Interest Expense | $6M |
| Other Income/Expenses | $113M |
| INCOME BEFORE TAX | $471M |
| Income Tax Expense | $86M |
| Net Income from Continuing Ops | $385M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $385M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $385M |
| D&A | $172M |
| EBIT | $477M |
| EBITDA | $649M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $724M |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $734M |
| Selling & Marketing | $1.1B |
| General & Administrative | $271M |
| SG&A Expenses | $1.4B |
| Other Expenses | $0 |
| Operating Expenses | $2.1B |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $358M |
| Interest Income | $116M |
| Interest Expense | $6M |
| Other Income/Expenses | $113M |
| INCOME BEFORE TAX | $471M |
| Income Tax Expense | $86M |
| Net Income from Continuing Ops | $385M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $385M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $385M |
| D&A | $172M |
| EBIT | $477M |
| EBITDA | $649M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $385M |
| Depreciation & Amortization | $145M |
| Stock-Based Compensation | $499M |
| Deferred Income Tax | $16M |
| Other Non-Cash Items | $233M |
| Change in Working Capital | -$562M |
| OPERATING CASH FLOW | $716M |
| Capital Expenditure | -$190M |
| Acquisitions (Net) | -$58M |
| Purchases of Investments | -$1.3B |
| Sales/Maturities of Investments | $1.1B |
| Other Investing Activities | $41M |
| NET CASH FROM INVESTING | -$423M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$361M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$185M |
| NET CASH FROM FINANCING | -$546M |
| FREE CASH FLOW | $526M |
| Net Change in Cash | -$244M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.1B |
| Short-Term Investments | $3.0B |
| Net Receivables | $1.7B |
| Inventory | $0 |
| Other Current Assets | $887M |
| TOTAL CURRENT ASSETS | $8.7B |
| PP&E (Net) | $2.8B |
| Goodwill | $1.8B |
| Intangible Assets | $319M |
| Long-Term Investments | $5.3B |
| Tax Assets | $1.3B |
| Other Non-Current Assets | $1.8B |
| TOTAL NON-CURRENT ASSETS | $13.3B |
| TOTAL ASSETS | $22.1B |
| Account Payables | $211M |
| Short-Term Debt | $104M |
| Deferred Revenue | $6.8B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $8.5B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $110M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $209M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $11.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $8.5B |
| Retained Earnings | $4.3B |
| Treasury Stock | -$1.9B |
| Accum. Other Comp. Income | -$49M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.9B |
| TOTAL LIABILITIES & EQUITY | $22.1B |
| Total Debt | $2.4B |
| Net Debt | -$724M |
