| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $655M | $591M | $565M | 10.8% | 15.8% |
| Op. Income | $65M | $27M | $37M | 140.1% | 76.6% |
| Gross Margin | 87.0% | 86.0% | 85.6% | 1.0pp | 1.4pp |
| Net Margin | 8.6% | 5.1% | 5.8% | 3.6pp | 2.8pp |
| EPS (Diluted) | $0.19 | $0.10 | $0.11 | 90.0% | 72.7% |
| Free Cash Flow | $187M | $152M | $163M | 23.1% | 15.0% |
| Item | Amount |
|---|---|
| REVENUE | $655M |
| Cost of Revenue | $85M |
| GROSS PROFIT | $569M |
| R&D Expenses | $183M |
| Selling & Marketing | $261M |
| General & Administrative | $60M |
| SG&A Expenses | $321M |
| Other Expenses | $0 |
| Operating Expenses | $504M |
| Cost & Expenses | $589M |
| OPERATING INCOME | $65M |
| Interest Income | $14M |
| Interest Expense | $2M |
| Other Income/Expenses | -$355.0K |
| INCOME BEFORE TAX | $65M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $56M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $56M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $56M |
| D&A | $18M |
| EBIT | $67M |
| EBITDA | $85M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $655M |
| Cost of Revenue | $85M |
| GROSS PROFIT | $569M |
| R&D Expenses | $183M |
| Selling & Marketing | $261M |
| General & Administrative | $60M |
| SG&A Expenses | $321M |
| Other Expenses | $0 |
| Operating Expenses | $504M |
| Cost & Expenses | $589M |
| OPERATING INCOME | $65M |
| Interest Income | $14M |
| Interest Expense | $2M |
| Other Income/Expenses | -$355.0K |
| INCOME BEFORE TAX | $65M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $56M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $56M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $56M |
| D&A | $18M |
| EBIT | $67M |
| EBITDA | $85M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $56M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $93M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $72M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | $222M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$383M |
| Sales/Maturities of Investments | $70M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$347M |
| Net Debt Issuance | $752M |
| Common Stock Repurchased | -$200M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$72M |
| NET CASH FROM FINANCING | $481M |
| FREE CASH FLOW | $187M |
| Net Change in Cash | $355M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $671M |
| Net Receivables | $335M |
| Inventory | $0 |
| Other Current Assets | $32M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $251M |
| Goodwill | $185M |
| Intangible Assets | $3M |
| Long-Term Investments | $314.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $367M |
| TOTAL NON-CURRENT ASSETS | $807M |
| TOTAL ASSETS | $3.0B |
| Account Payables | $46M |
| Short-Term Debt | $26M |
| Deferred Revenue | $1.0B |
| Other Current Liabilities | $50M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $995M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $44M |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $3.8B |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $4.1B |
| Retained Earnings | -$4.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $404.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$808M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$808M |
| TOTAL LIABILITIES & EQUITY | $3.0B |
| Total Debt | $1.5B |
| Net Debt | $394M |
