| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $998M | $855M | $854M | 16.8% | 16.9% |
| Op. Income | -$4M | -$35M | -$21M | 87.8% | 79.8% |
| Gross Margin | 79.7% | 76.7% | 78.3% | 3.0pp | 1.3pp |
| Net Margin | 3.9% | 1.0% | 1.0% | 2.8pp | 2.8pp |
| EPS (Diluted) | $0.06 | $0.01 | $0.01 | 335.7% | 349.6% |
| Free Cash Flow | $197M | $356M | $102M | -44.8% | 93.5% |
| Item | Amount |
|---|---|
| REVENUE | $998M |
| Cost of Revenue | $203M |
| GROSS PROFIT | $795M |
| R&D Expenses | $360M |
| Selling & Marketing | $313M |
| General & Administrative | $127M |
| SG&A Expenses | $440M |
| Other Expenses | $0 |
| Operating Expenses | $800M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | -$4M |
| Interest Income | $28M |
| Interest Expense | $0 |
| Other Income/Expenses | $39M |
| INCOME BEFORE TAX | $35M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $6M |
| EBIT | -$4M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $39M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $227M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $26M |
| Change in Working Capital | -$84M |
| OPERATING CASH FLOW | $208M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$463M |
| Sales/Maturities of Investments | $388M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$86M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$158M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$158M |
| FREE CASH FLOW | $197M |
| Net Change in Cash | -$35M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $1.4B |
| Net Receivables | $760M |
| Inventory | $0 |
| Other Current Assets | $99M |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $128M |
| Goodwill | $0 |
| Intangible Assets | $109M |
| Long-Term Investments | $5M |
| Tax Assets | $1.6B |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $5.4B |
| Account Payables | $92M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $310M |
| TOTAL CURRENT LIABILITIES | $402M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $52M |
| TOTAL NON-CURRENT LIABILITIES | $189M |
| TOTAL LIABILITIES | $591M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $5.0B |
| Retained Earnings | -$240M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.8B |
| TOTAL LIABILITIES & EQUITY | $5.4B |
| Total Debt | $137M |
| Net Debt | -$1.1B |
