| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.0B | $861M | 8.9% | 31.2% |
| Op. Income | $112M | $80M | $15M | 40.6% | 631.4% |
| Gross Margin | 74.8% | 73.9% | 68.2% | 0.9pp | 6.6pp |
| Net Margin | 8.6% | 6.9% | 2.0% | 1.8pp | 6.6pp |
| EPS (Diluted) | $0.08 | $0.06 | $0.01 | 37.5% | 1000.0% |
| Free Cash Flow | -$1.5B | -$33M | -$524M | -4581.2% | -192.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $285M |
| GROSS PROFIT | $845M |
| R&D Expenses | $0 |
| Selling & Marketing | $265M |
| General & Administrative | $165M |
| SG&A Expenses | $430M |
| Other Expenses | $303M |
| Operating Expenses | $733M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $112M |
| Interest Income | $792M |
| Interest Expense | $275M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $112M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $97M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $97M |
| Net Income Deductions | -$351.0K |
| BOTTOM LINE NET INCOME | $98M |
| D&A | $57M |
| EBIT | $112M |
| EBITDA | $169M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $285M |
| GROSS PROFIT | $845M |
| R&D Expenses | $0 |
| Selling & Marketing | $265M |
| General & Administrative | $165M |
| SG&A Expenses | $430M |
| Other Expenses | $303M |
| Operating Expenses | $733M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $112M |
| Interest Income | $792M |
| Interest Expense | $275M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $112M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $97M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $97M |
| Net Income Deductions | -$351.0K |
| BOTTOM LINE NET INCOME | $98M |
| D&A | $57M |
| EBIT | $112M |
| EBITDA | $169M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $97M |
| Depreciation & Amortization | $57M |
| Stock-Based Compensation | $63M |
| Deferred Income Tax | $10M |
| Other Non-Cash Items | -$120M |
| Change in Working Capital | -$1.6B |
| OPERATING CASH FLOW | -$1.5B |
| Capital Expenditure | -$66M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$547M |
| Sales/Maturities of Investments | $347M |
| Other Investing Activities | -$1.5B |
| NET CASH FROM INVESTING | -$1.7B |
| Net Debt Issuance | $895M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2.3B |
| NET CASH FROM FINANCING | $3.2B |
| FREE CASH FLOW | -$1.5B |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.1B |
| Short-Term Investments | $2.3B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.4B |
| PP&E (Net) | $432M |
| Goodwill | $1.4B |
| Intangible Assets | $639M |
| Long-Term Investments | $32.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.9B |
| TOTAL NON-CURRENT ASSETS | $36.7B |
| TOTAL ASSETS | $41.1B |
| Account Payables | $0 |
| Short-Term Debt | $486M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $29.5B |
| TOTAL CURRENT LIABILITIES | $30.0B |
| Long-Term Debt | $3.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $676M |
| TOTAL NON-CURRENT LIABILITIES | $4.2B |
| TOTAL LIABILITIES | $34.3B |
| Common Stock | $111.0K |
| Additional Paid-In Capital | $8.0B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.9B |
| TOTAL LIABILITIES & EQUITY | $41.1B |
| Total Debt | $4.0B |
| Net Debt | $1.9B |
