| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $927M | $895M | $606M | 3.7% | 52.9% |
| Op. Income | $282M | $121M | $173M | 132.7% | 63.3% |
| Gross Margin | 70.9% | 59.2% | 69.5% | 11.6pp | 1.3pp |
| Net Margin | 23.2% | 10.0% | 21.8% | 13.3pp | 1.4pp |
| EPS (Diluted) | $2.11 | $0.87 | $1.73 | 142.5% | 22.0% |
| Free Cash Flow | $52M | -$139M | $117M | 137.7% | -55.3% |
| Item | Amount |
|---|---|
| REVENUE | $927M |
| Cost of Revenue | $270M |
| GROSS PROFIT | $657M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $5M |
| SG&A Expenses | $8M |
| Other Expenses | $367M |
| Operating Expenses | $375M |
| Cost & Expenses | $645M |
| OPERATING INCOME | $282M |
| Interest Income | $841M |
| Interest Expense | $263M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $282M |
| Income Tax Expense | $67M |
| Net Income from Continuing Ops | $215M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $215M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $215M |
| D&A | $40M |
| EBIT | $282M |
| EBITDA | $322M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $927M |
| Cost of Revenue | $270M |
| GROSS PROFIT | $657M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $5M |
| SG&A Expenses | $8M |
| Other Expenses | $367M |
| Operating Expenses | $375M |
| Cost & Expenses | $645M |
| OPERATING INCOME | $282M |
| Interest Income | $841M |
| Interest Expense | $263M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $282M |
| Income Tax Expense | $67M |
| Net Income from Continuing Ops | $215M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $215M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $215M |
| D&A | $40M |
| EBIT | $282M |
| EBITDA | $322M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $215M |
| Depreciation & Amortization | $40M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | -$239M |
| Change in Working Capital | $57M |
| OPERATING CASH FLOW | $73M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$349M |
| Sales/Maturities of Investments | $333M |
| Other Investing Activities | -$474M |
| NET CASH FROM INVESTING | -$511M |
| Net Debt Issuance | $345M |
| Common Stock Repurchased | -$97.0K |
| Common Dividends Paid | -$55M |
| Other Financing Activities | $311M |
| NET CASH FROM FINANCING | $602M |
| FREE CASH FLOW | $52M |
| Net Change in Cash | $164M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.5B |
| Short-Term Investments | $5.9B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $9.4B |
| PP&E (Net) | $965M |
| Goodwill | $3.1B |
| Intangible Assets | $433M |
| Long-Term Investments | $49.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.9B |
| TOTAL NON-CURRENT ASSETS | $56.5B |
| TOTAL ASSETS | $65.9B |
| Account Payables | $0 |
| Short-Term Debt | $631M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $53.7B |
| TOTAL CURRENT LIABILITIES | $54.3B |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.7B |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $57.1B |
| Common Stock | $254M |
| Additional Paid-In Capital | $6.7B |
| Retained Earnings | $2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$372M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.8B |
| TOTAL LIABILITIES & EQUITY | $65.9B |
| Total Debt | $1.7B |
| Net Debt | -$1.7B |
