| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.6B | $1.5B | 3.5% | 7.5% |
| Op. Income | $199M | $160M | $51M | 24.2% | 287.5% |
| Gross Margin | 22.7% | 20.5% | 14.6% | 2.2pp | 8.1pp |
| Net Margin | 9.5% | 8.0% | 2.6% | 1.5pp | 6.9pp |
| EPS (Diluted) | $4.30 | $3.50 | $1.12 | 22.9% | 283.9% |
| Free Cash Flow | $205M | $37M | $137M | 452.3% | 49.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $375M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $176M |
| Operating Expenses | $176M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $199M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $199M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $157M |
| Net Income from Discontinued Ops | $200.0K |
| Other Adjustments | $0 |
| NET INCOME | $157M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $157M |
| D&A | -$1M |
| EBIT | $207M |
| EBITDA | $206M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $375M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $176M |
| Operating Expenses | $176M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $199M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $199M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $157M |
| Net Income from Discontinued Ops | $200.0K |
| Other Adjustments | $0 |
| NET INCOME | $157M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $157M |
| D&A | -$1M |
| EBIT | $207M |
| EBITDA | $206M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $157M |
| Depreciation & Amortization | -$1M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | -$32M |
| Change in Working Capital | $76M |
| OPERATING CASH FLOW | $207M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.0B |
| Sales/Maturities of Investments | $817M |
| Other Investing Activities | -$200.0K |
| NET CASH FROM INVESTING | -$222M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$28M |
| Common Dividends Paid | -$32M |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | -$55M |
| FREE CASH FLOW | $205M |
| Net Change in Cash | -$71M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $244M |
| Short-Term Investments | $4.0B |
| Net Receivables | $3.9B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $8.2B |
| PP&E (Net) | $0 |
| Goodwill | $179M |
| Intangible Assets | $675M |
| Long-Term Investments | $6.0B |
| Tax Assets | $131M |
| Other Non-Current Assets | $614M |
| TOTAL NON-CURRENT ASSETS | $7.6B |
| TOTAL ASSETS | $15.7B |
| Account Payables | $50M |
| Short-Term Debt | $437M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$50M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $348M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11.1B |
| TOTAL NON-CURRENT LIABILITIES | $11.5B |
| TOTAL LIABILITIES | $12.5B |
| Common Stock | $600.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $3.4B |
| Treasury Stock | -$1.9B |
| Accum. Other Comp. Income | -$287M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $15.7B |
| Total Debt | $785M |
| Net Debt | $541M |
