| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $436M | $423M | $447M | 3.1% | -2.5% |
| Op. Income | $172M | $166M | $143M | 3.5% | 20.5% |
| Gross Margin | 71.3% | 69.9% | 63.5% | 1.5pp | 7.8pp |
| Net Margin | 31.0% | 30.8% | 25.0% | 0.2pp | 6.0pp |
| EPS (Diluted) | $1.42 | $1.37 | $1.17 | 3.6% | 21.4% |
| Free Cash Flow | $92M | $171M | $212M | -46.4% | -56.7% |
| Item | Amount |
|---|---|
| REVENUE | $436M |
| Cost of Revenue | $125M |
| GROSS PROFIT | $311M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $93M |
| SG&A Expenses | $93M |
| Other Expenses | $46M |
| Operating Expenses | $139M |
| Cost & Expenses | $264M |
| OPERATING INCOME | $172M |
| Interest Income | $393M |
| Interest Expense | $125M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $172M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $135M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $135M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $135M |
| D&A | $133M |
| EBIT | $172M |
| EBITDA | $306M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $436M |
| Cost of Revenue | $125M |
| GROSS PROFIT | $311M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $93M |
| SG&A Expenses | $93M |
| Other Expenses | $46M |
| Operating Expenses | $139M |
| Cost & Expenses | $264M |
| OPERATING INCOME | $172M |
| Interest Income | $393M |
| Interest Expense | $125M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $172M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $135M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $135M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $135M |
| D&A | $133M |
| EBIT | $172M |
| EBITDA | $306M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $135M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$52M |
| OPERATING CASH FLOW | $98M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6.7B |
| Sales/Maturities of Investments | $6.9B |
| Other Investing Activities | -$220M |
| NET CASH FROM INVESTING | -$47M |
| Net Debt Issuance | $200M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$55M |
| Other Financing Activities | -$586M |
| NET CASH FROM FINANCING | -$441M |
| FREE CASH FLOW | $92M |
| Net Change in Cash | -$390M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $342M |
| Net Receivables | $102M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $375M |
| Goodwill | $3.5B |
| Intangible Assets | $59M |
| Long-Term Investments | $32.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $615M |
| TOTAL NON-CURRENT ASSETS | $36.7B |
| TOTAL ASSETS | $38.4B |
| Account Payables | $33M |
| Short-Term Debt | $3.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $27.5B |
| TOTAL CURRENT LIABILITIES | $30.6B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $228M |
| TOTAL NON-CURRENT LIABILITIES | $228M |
| TOTAL LIABILITIES | $30.8B |
| Common Stock | $95M |
| Additional Paid-In Capital | $3.8B |
| Retained Earnings | $3.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.6B |
| TOTAL LIABILITIES & EQUITY | $38.4B |
| Total Debt | $3.1B |
| Net Debt | $1.8B |
