| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $820M | $711M | $654M | 15.3% | 25.5% |
| Op. Income | $194M | $170M | $65M | 14.0% | 198.9% |
| Gross Margin | 58.6% | 54.9% | 44.0% | 3.7pp | 14.7pp |
| Net Margin | 19.3% | 19.7% | 8.1% | -0.4pp | 11.2pp |
| EPS (Diluted) | $2.00 | $1.77 | $0.64 | 13.0% | 212.5% |
| Free Cash Flow | $244M | -$43M | $59M | 666.3% | 314.4% |
| Item | Amount |
|---|---|
| REVENUE | $820M |
| Cost of Revenue | $339M |
| GROSS PROFIT | $481M |
| R&D Expenses | $0 |
| Selling & Marketing | $9M |
| General & Administrative | $181M |
| SG&A Expenses | $190M |
| Other Expenses | $96M |
| Operating Expenses | $286M |
| Cost & Expenses | $626M |
| OPERATING INCOME | $194M |
| Interest Income | $695M |
| Interest Expense | $315M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $194M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $159M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $159M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $155M |
| D&A | $28M |
| EBIT | $194M |
| EBITDA | $222M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $820M |
| Cost of Revenue | $339M |
| GROSS PROFIT | $481M |
| R&D Expenses | $0 |
| Selling & Marketing | $9M |
| General & Administrative | $181M |
| SG&A Expenses | $190M |
| Other Expenses | $96M |
| Operating Expenses | $286M |
| Cost & Expenses | $626M |
| OPERATING INCOME | $194M |
| Interest Income | $695M |
| Interest Expense | $315M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $194M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $159M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $159M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $155M |
| D&A | $28M |
| EBIT | $194M |
| EBITDA | $222M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $159M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$23M |
| Other Non-Cash Items | $26M |
| Change in Working Capital | $61M |
| OPERATING CASH FLOW | $262M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$774M |
| Sales/Maturities of Investments | $309M |
| Other Investing Activities | -$1.0B |
| NET CASH FROM INVESTING | -$1.5B |
| Net Debt Issuance | -$116M |
| Common Stock Repurchased | -$495.0K |
| Common Dividends Paid | -$19M |
| Other Financing Activities | $514M |
| NET CASH FROM FINANCING | $375M |
| FREE CASH FLOW | $244M |
| Net Change in Cash | -$889M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.0B |
| Short-Term Investments | $6.4B |
| Net Receivables | $219M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $9.6B |
| PP&E (Net) | $321M |
| Goodwill | $1.8B |
| Intangible Assets | $20M |
| Long-Term Investments | $39.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.7B |
| TOTAL NON-CURRENT ASSETS | $45.2B |
| TOTAL ASSETS | $54.8B |
| Account Payables | $49M |
| Short-Term Debt | $426M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $45.0B |
| TOTAL CURRENT LIABILITIES | $45.4B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $705M |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $48.2B |
| Common Stock | $78M |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | $3.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$218M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.6B |
| TOTAL LIABILITIES & EQUITY | $54.8B |
| Total Debt | $2.5B |
| Net Debt | -$530M |
