| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.7B | $3.2B | $2.8B | 13.4% | 33.9% |
| Op. Income | $879M | $795M | $725M | 10.6% | 21.2% |
| Gross Margin | 44.6% | 42.4% | 48.2% | 2.1pp | -3.6pp |
| Net Margin | 17.3% | 17.2% | 17.7% | 0.1pp | -0.4pp |
| EPS (Diluted) | $0.13 | $0.11 | $0.10 | 18.2% | 30.3% |
| Free Cash Flow | $2.5B | $1.0B | $2.7B | 147.7% | -6.3% |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $133M |
| SG&A Expenses | $133M |
| Other Expenses | $627M |
| Operating Expenses | $761M |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $879M |
| Interest Income | $3.1B |
| Interest Expense | $1.0B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $879M |
| Income Tax Expense | $242M |
| Net Income from Continuing Ops | $637M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $637M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $637M |
| D&A | $23M |
| EBIT | $879M |
| EBITDA | $902M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $133M |
| SG&A Expenses | $133M |
| Other Expenses | $627M |
| Operating Expenses | $761M |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $879M |
| Interest Income | $3.1B |
| Interest Expense | $1.0B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $879M |
| Income Tax Expense | $242M |
| Net Income from Continuing Ops | $637M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $637M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $637M |
| D&A | $23M |
| EBIT | $879M |
| EBITDA | $902M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $637M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $57M |
| Deferred Income Tax | -$197M |
| Other Non-Cash Items | $4.0B |
| Change in Working Capital | -$2.0B |
| OPERATING CASH FLOW | $2.6B |
| Capital Expenditure | -$70M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$70M |
| NET CASH FROM INVESTING | -$72M |
| Net Debt Issuance | $434M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $434M |
| FREE CASH FLOW | $2.5B |
| Net Change in Cash | $3.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17.2B |
| Short-Term Investments | $10.3B |
| Net Receivables | $16.8B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $44.4B |
| PP&E (Net) | $47M |
| Goodwill | $410M |
| Intangible Assets | $514M |
| Long-Term Investments | $9.5B |
| Tax Assets | $2.1B |
| Other Non-Current Assets | $5.8B |
| TOTAL NON-CURRENT ASSETS | $18.3B |
| TOTAL ASSETS | $62.7B |
| Account Payables | $11.2B |
| Short-Term Debt | $1.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $37.0B |
| TOTAL CURRENT LIABILITIES | $49.6B |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $106M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.3B |
| TOTAL NON-CURRENT LIABILITIES | $3.5B |
| TOTAL LIABILITIES | $53.2B |
| Common Stock | $84.0K |
| Additional Paid-In Capital | $5.1B |
| Retained Earnings | $4.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$173M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.6B |
| Minority Interest | $1M |
| TOTAL EQUITY | $9.6B |
| TOTAL LIABILITIES & EQUITY | $62.7B |
| Total Debt | $2.3B |
| Net Debt | -$14.9B |
