| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $957M | $724M | $751M | 32.2% | 27.5% |
| Op. Income | $156M | $182M | $156M | -14.2% | -0.5% |
| Gross Margin | 56.4% | 62.1% | 58.5% | -5.7pp | -2.1pp |
| Net Margin | 13.1% | 20.0% | 16.1% | -6.9pp | -3.0pp |
| EPS (Diluted) | $0.35 | $0.44 | $0.37 | -20.5% | -5.4% |
| Free Cash Flow | $64M | $102M | $152M | -37.4% | -57.7% |
| Item | Amount |
|---|---|
| REVENUE | $957M |
| Cost of Revenue | $417M |
| GROSS PROFIT | $540M |
| R&D Expenses | $0 |
| Selling & Marketing | $14M |
| General & Administrative | $101M |
| SG&A Expenses | $114M |
| Other Expenses | $270M |
| Operating Expenses | $385M |
| Cost & Expenses | $802M |
| OPERATING INCOME | $156M |
| Interest Income | $825M |
| Interest Expense | $310M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $156M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $125M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $125M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $121M |
| D&A | $25M |
| EBIT | $156M |
| EBITDA | $181M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $957M |
| Cost of Revenue | $417M |
| GROSS PROFIT | $540M |
| R&D Expenses | $0 |
| Selling & Marketing | $14M |
| General & Administrative | $101M |
| SG&A Expenses | $114M |
| Other Expenses | $270M |
| Operating Expenses | $385M |
| Cost & Expenses | $802M |
| OPERATING INCOME | $156M |
| Interest Income | $825M |
| Interest Expense | $310M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $156M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $125M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $125M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $121M |
| D&A | $25M |
| EBIT | $156M |
| EBITDA | $181M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $125M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $32M |
| Change in Working Capital | -$129M |
| OPERATING CASH FLOW | $73M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.8B |
| Sales/Maturities of Investments | $2.5B |
| Other Investing Activities | -$55M |
| NET CASH FROM INVESTING | -$414M |
| Net Debt Issuance | -$207M |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | -$59M |
| Other Financing Activities | $741M |
| NET CASH FROM FINANCING | $910M |
| FREE CASH FLOW | $64M |
| Net Change in Cash | $569M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $308M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $683M |
| Goodwill | $2.4B |
| Intangible Assets | $534M |
| Long-Term Investments | $61.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.1B |
| TOTAL NON-CURRENT ASSETS | $68.9B |
| TOTAL ASSETS | $71.0B |
| Account Payables | $0 |
| Short-Term Debt | $638M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $54.4B |
| TOTAL CURRENT LIABILITIES | $55.0B |
| Long-Term Debt | $6.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $7.9B |
| TOTAL LIABILITIES | $62.9B |
| Common Stock | $392M |
| Additional Paid-In Capital | $6.0B |
| Retained Earnings | $2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$600M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.1B |
| TOTAL LIABILITIES & EQUITY | $71.0B |
| Total Debt | $7.3B |
| Net Debt | $5.5B |
