| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.9B | $4.9B | $4.5B | 0.1% | 10.1% |
| Op. Income | $475M | $595M | $311M | -20.2% | 52.6% |
| Gross Margin | 31.5% | 31.6% | 29.2% | -0.2pp | 2.3pp |
| Net Margin | -2.1% | 5.4% | 7.2% | -7.4pp | -9.2pp |
| EPS (Diluted) | $-0.49 | $1.25 | $1.56 | -139.3% | -131.6% |
| Free Cash Flow | $817M | $623M | $573M | 31.1% | 42.7% |
| Item | Amount |
|---|---|
| REVENUE | $4.9B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $485M |
| Selling & Marketing | $426M |
| General & Administrative | $158M |
| SG&A Expenses | $583M |
| Other Expenses | $0 |
| Operating Expenses | $1.1B |
| Cost & Expenses | $4.4B |
| OPERATING INCOME | $475M |
| Interest Income | $71M |
| Interest Expense | $9M |
| Other Income/Expenses | -$419M |
| INCOME BEFORE TAX | $56M |
| Income Tax Expense | $157M |
| Net Income from Continuing Ops | -$101M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$101M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$101M |
| D&A | $30M |
| EBIT | $65M |
| EBITDA | $96M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$101M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $85M |
| Deferred Income Tax | $157M |
| Other Non-Cash Items | $421M |
| Change in Working Capital | $236M |
| OPERATING CASH FLOW | $829M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$5.4B |
| Sales/Maturities of Investments | $4.9B |
| Other Investing Activities | $27M |
| NET CASH FROM INVESTING | -$472M |
| Net Debt Issuance | -$26M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$69M |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | $817M |
| Net Change in Cash | $166M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.0B |
| Short-Term Investments | $3.7B |
| Net Receivables | $959M |
| Inventory | $0 |
| Other Current Assets | $159M |
| TOTAL CURRENT ASSETS | $10.9B |
| PP&E (Net) | $489M |
| Goodwill | $1.3B |
| Intangible Assets | $43M |
| Long-Term Investments | $3.0B |
| Tax Assets | $110M |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $4.9B |
| TOTAL ASSETS | $15.8B |
| Account Payables | $941M |
| Short-Term Debt | $2.3B |
| Deferred Revenue | $779M |
| Other Current Liabilities | $3.2B |
| TOTAL CURRENT LIABILITIES | $7.4B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $77M |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $616M |
| TOTAL LIABILITIES | $8.0B |
| Common Stock | $0 |
| Additional Paid-In Capital | $7.5B |
| Retained Earnings | -$3.4B |
| Treasury Stock | -$307M |
| Accum. Other Comp. Income | $4.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.8B |
| TOTAL LIABILITIES & EQUITY | $15.8B |
| Total Debt | $2.8B |
| Net Debt | -$3.3B |
