| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $484M | $531M | $438M | -8.8% | 10.5% |
| Op. Income | $112M | $185M | $95M | -39.3% | 18.1% |
| Gross Margin | 81.9% | 84.1% | 80.8% | -2.1pp | 1.1pp |
| Net Margin | 18.5% | 26.3% | 15.5% | -7.8pp | 3.0pp |
| EPS (Diluted) | $1.58 | $2.48 | $1.20 | -36.3% | 31.7% |
| Free Cash Flow | $61M | $145M | $86M | -58.0% | -29.7% |
| Item | Amount |
|---|---|
| REVENUE | $484M |
| Cost of Revenue | $88M |
| GROSS PROFIT | $396M |
| R&D Expenses | $75M |
| Selling & Marketing | $116M |
| General & Administrative | $70M |
| SG&A Expenses | $186M |
| Other Expenses | $23M |
| Operating Expenses | $284M |
| Cost & Expenses | $371M |
| OPERATING INCOME | $112M |
| Interest Income | $0 |
| Interest Expense | $800.0K |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $117M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $90M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $90M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $90M |
| D&A | $42M |
| EBIT | $118M |
| EBITDA | $160M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $484M |
| Cost of Revenue | $88M |
| GROSS PROFIT | $396M |
| R&D Expenses | $75M |
| Selling & Marketing | $116M |
| General & Administrative | $70M |
| SG&A Expenses | $186M |
| Other Expenses | $23M |
| Operating Expenses | $284M |
| Cost & Expenses | $371M |
| OPERATING INCOME | $112M |
| Interest Income | $0 |
| Interest Expense | $800.0K |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $117M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $90M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $90M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $90M |
| D&A | $42M |
| EBIT | $118M |
| EBITDA | $160M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $90M |
| Depreciation & Amortization | $42M |
| Stock-Based Compensation | $38M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | -$300.0K |
| Change in Working Capital | -$53M |
| OPERATING CASH FLOW | $123M |
| Capital Expenditure | -$62M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$466M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $342M |
| NET CASH FROM INVESTING | -$185M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $5M |
| Common Dividends Paid | -$22M |
| Other Financing Activities | -$661M |
| NET CASH FROM FINANCING | -$677M |
| FREE CASH FLOW | $61M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $532M |
| Short-Term Investments | $0 |
| Net Receivables | $46M |
| Inventory | $2M |
| Other Current Assets | $1.8B |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $679M |
| Goodwill | $52M |
| Intangible Assets | $44M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $853M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $4.0B |
| Account Payables | $20M |
| Short-Term Debt | $0 |
| Deferred Revenue | $30M |
| Other Current Liabilities | $1.6B |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $119M |
| Deferred Tax Liabilities | $150M |
| Other Non-Current Liabilities | $51M |
| TOTAL NON-CURRENT LIABILITIES | $380M |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $600.0K |
| Additional Paid-In Capital | $802M |
| Retained Earnings | $2.1B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | $200.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $4.0B |
| Total Debt | $81M |
| Net Debt | -$451M |
