| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $876M | $841M | $871M | 4.2% | 0.6% |
| Op. Income | $128M | $98M | $62M | 31.1% | 107.5% |
| Gross Margin | 68.3% | 66.7% | 62.7% | 1.6pp | 5.6pp |
| Net Margin | 10.2% | 7.9% | 151.2% | 2.3pp | -141.0pp |
| EPS (Diluted) | $0.37 | $0.27 | $5.34 | 37.0% | -93.1% |
| Free Cash Flow | -$59M | $149M | $73M | -139.9% | -181.0% |
| Item | Amount |
|---|---|
| REVENUE | $876M |
| Cost of Revenue | $278M |
| GROSS PROFIT | $598M |
| R&D Expenses | $163M |
| Selling & Marketing | $158M |
| General & Administrative | $118M |
| SG&A Expenses | $276M |
| Other Expenses | $31M |
| Operating Expenses | $470M |
| Cost & Expenses | $748M |
| OPERATING INCOME | $128M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $113M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $89M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $89M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $89M |
| D&A | $50M |
| EBIT | $133M |
| EBITDA | $183M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $876M |
| Cost of Revenue | $278M |
| GROSS PROFIT | $598M |
| R&D Expenses | $163M |
| Selling & Marketing | $158M |
| General & Administrative | $118M |
| SG&A Expenses | $276M |
| Other Expenses | $31M |
| Operating Expenses | $470M |
| Cost & Expenses | $748M |
| OPERATING INCOME | $128M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $113M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $89M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $89M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $89M |
| D&A | $50M |
| EBIT | $133M |
| EBITDA | $183M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $89M |
| Depreciation & Amortization | $50M |
| Stock-Based Compensation | $38M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | $33M |
| Change in Working Capital | -$270M |
| OPERATING CASH FLOW | -$54M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $121M |
| Common Stock Repurchased | -$73M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $29M |
| FREE CASH FLOW | -$59M |
| Net Change in Cash | -$24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $266M |
| Short-Term Investments | $0 |
| Net Receivables | $540M |
| Inventory | $180M |
| Other Current Assets | $195M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $187M |
| Goodwill | $5.2B |
| Intangible Assets | $1.0B |
| Long-Term Investments | $631M |
| Tax Assets | $300M |
| Other Non-Current Assets | $429M |
| TOTAL NON-CURRENT ASSETS | $7.8B |
| TOTAL ASSETS | $9.1B |
| Account Payables | $160M |
| Short-Term Debt | $71M |
| Deferred Revenue | $781M |
| Other Current Liabilities | $346M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $101M |
| Deferred Tax Liabilities | $212M |
| Other Non-Current Liabilities | $280M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $3.4B |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $3.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $30M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.7B |
| TOTAL LIABILITIES & EQUITY | $9.1B |
| Total Debt | $1.5B |
| Net Debt | $1.2B |
