| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $694M | $616M | $585M | 12.7% | 18.7% |
| Op. Income | $117M | $54M | $95M | 114.5% | 23.3% |
| Gross Margin | 78.2% | 76.8% | 81.1% | 1.4pp | -2.9pp |
| Net Margin | 13.0% | 8.2% | 14.5% | 4.8pp | -1.6pp |
| EPS (Diluted) | $0.18 | $0.10 | $0.17 | 80.0% | 5.9% |
| Free Cash Flow | $117M | $230M | $57M | -49.2% | 105.9% |
| Item | Amount |
|---|---|
| REVENUE | $694M |
| Cost of Revenue | $151M |
| GROSS PROFIT | $543M |
| R&D Expenses | $134M |
| Selling & Marketing | $161M |
| General & Administrative | $131M |
| SG&A Expenses | $292M |
| Other Expenses | $0 |
| Operating Expenses | $426M |
| Cost & Expenses | $577M |
| OPERATING INCOME | $117M |
| Interest Income | $18M |
| Interest Expense | $0 |
| Other Income/Expenses | $16M |
| INCOME BEFORE TAX | $133M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $90M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $90M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $90M |
| D&A | $27M |
| EBIT | $117M |
| EBITDA | $143M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $694M |
| Cost of Revenue | $151M |
| GROSS PROFIT | $543M |
| R&D Expenses | $134M |
| Selling & Marketing | $161M |
| General & Administrative | $131M |
| SG&A Expenses | $292M |
| Other Expenses | $0 |
| Operating Expenses | $426M |
| Cost & Expenses | $577M |
| OPERATING INCOME | $117M |
| Interest Income | $18M |
| Interest Expense | $0 |
| Other Income/Expenses | $16M |
| INCOME BEFORE TAX | $133M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $90M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $90M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $90M |
| D&A | $27M |
| EBIT | $117M |
| EBITDA | $143M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $90M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $129M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $16M |
| Change in Working Capital | -$97M |
| OPERATING CASH FLOW | $165M |
| Capital Expenditure | -$48M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$346M |
| Sales/Maturities of Investments | $181M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$214M |
| Net Debt Issuance | $74M |
| Common Stock Repurchased | -$261M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $13M |
| NET CASH FROM FINANCING | -$174M |
| FREE CASH FLOW | $117M |
| Net Change in Cash | -$222M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $896M |
| Short-Term Investments | $791M |
| Net Receivables | $3.3B |
| Inventory | $0 |
| Other Current Assets | $112M |
| TOTAL CURRENT ASSETS | $5.1B |
| PP&E (Net) | $579M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $229M |
| Other Non-Current Assets | $96M |
| TOTAL NON-CURRENT ASSETS | $904M |
| TOTAL ASSETS | $6.0B |
| Account Payables | $2.7B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.9B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $42M |
| TOTAL NON-CURRENT LIABILITIES | $313M |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | -$162M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $6.0B |
| Total Debt | $344M |
| Net Debt | -$553M |
