| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $596M | $565M | $541M | 5.5% | 10.2% |
| Op. Income | $96M | $89M | $78M | 7.2% | 22.5% |
| Gross Margin | 43.5% | 44.8% | 41.4% | -1.2pp | 2.1pp |
| Net Margin | 14.2% | 14.3% | 12.5% | -0.1pp | 1.7pp |
| EPS (Diluted) | $1.93 | $1.84 | $1.57 | 4.9% | 22.9% |
| Free Cash Flow | $93M | $54M | $49M | 72.5% | 90.9% |
| Item | Amount |
|---|---|
| REVENUE | $596M |
| Cost of Revenue | $337M |
| GROSS PROFIT | $259M |
| R&D Expenses | $51M |
| Selling & Marketing | $36M |
| General & Administrative | $77M |
| SG&A Expenses | $113M |
| Other Expenses | $0 |
| Operating Expenses | $164M |
| Cost & Expenses | $501M |
| OPERATING INCOME | $96M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $103M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $85M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $85M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $85M |
| D&A | $37M |
| EBIT | $104M |
| EBITDA | $141M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $596M |
| Cost of Revenue | $337M |
| GROSS PROFIT | $259M |
| R&D Expenses | $51M |
| Selling & Marketing | $36M |
| General & Administrative | $77M |
| SG&A Expenses | $113M |
| Other Expenses | $0 |
| Operating Expenses | $164M |
| Cost & Expenses | $501M |
| OPERATING INCOME | $96M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $103M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $85M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $85M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $85M |
| D&A | $37M |
| EBIT | $104M |
| EBITDA | $141M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $85M |
| Depreciation & Amortization | $37M |
| Stock-Based Compensation | $38M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $38.0K |
| Change in Working Capital | -$62M |
| OPERATING CASH FLOW | $98M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$206.0K |
| Purchases of Investments | -$35M |
| Sales/Maturities of Investments | $33M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $93M |
| Net Change in Cash | $82M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $787M |
| Short-Term Investments | $105M |
| Net Receivables | $732M |
| Inventory | $0 |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $196M |
| Goodwill | $2.5B |
| Intangible Assets | $868M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $93M |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $5.4B |
| Account Payables | $172M |
| Short-Term Debt | $599M |
| Deferred Revenue | $720M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $23M |
| Deferred Tax Liabilities | $36M |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $119M |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $481.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $2.0B |
| Treasury Stock | -$18M |
| Accum. Other Comp. Income | -$115.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.6B |
| TOTAL LIABILITIES & EQUITY | $5.4B |
| Total Debt | $642M |
| Net Debt | -$146M |
