| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $318M | $318M | $321M | 0.0% | -1.0% |
| Op. Income | $175M | $188M | $188M | -7.1% | -7.0% |
| Gross Margin | 91.3% | 90.5% | 95.5% | 0.8pp | -4.3pp |
| Net Margin | 44.6% | 45.5% | 47.3% | -0.9pp | -2.7pp |
| EPS (Diluted) | $1.02 | $0.98 | $0.98 | 4.1% | 4.1% |
| Free Cash Flow | -$715M | $67M | -$208M | -1173.0% | -243.0% |
| Item | Amount |
|---|---|
| REVENUE | $318M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $290M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $115M |
| Operating Expenses | $115M |
| Cost & Expenses | $143M |
| OPERATING INCOME | $175M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $175M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $142M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $142M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $142M |
| D&A | $27M |
| EBIT | $201M |
| EBITDA | $228M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $318M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $290M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $115M |
| Operating Expenses | $115M |
| Cost & Expenses | $143M |
| OPERATING INCOME | $175M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $175M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $142M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $142M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $142M |
| D&A | $27M |
| EBIT | $201M |
| EBITDA | $228M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $142M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $31M |
| Other Non-Cash Items | -$814M |
| Change in Working Capital | -$99M |
| OPERATING CASH FLOW | -$713M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$279M |
| Sales/Maturities of Investments | $339M |
| Other Investing Activities | $67M |
| NET CASH FROM INVESTING | $125M |
| Net Debt Issuance | $815M |
| Common Stock Repurchased | -$223M |
| Common Dividends Paid | -$39M |
| Other Financing Activities | $28M |
| NET CASH FROM FINANCING | $582M |
| FREE CASH FLOW | -$715M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $22M |
| Short-Term Investments | $5.4B |
| Net Receivables | $174M |
| Inventory | $0 |
| Other Current Assets | -$6.7B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $24M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $5.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$5.6B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $9.6B |
| Account Payables | $0 |
| Short-Term Debt | $88M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$148M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $3.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $841M |
| Other Non-Current Liabilities | -$4.0B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $5.1B |
| Common Stock | $157.0K |
| Additional Paid-In Capital | $847M |
| Retained Earnings | $4.9B |
| Treasury Stock | -$989M |
| Accum. Other Comp. Income | -$273M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.5B |
| TOTAL LIABILITIES & EQUITY | $9.6B |
| Total Debt | $3.2B |
| Net Debt | $3.2B |
