| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $452M | $433M | $403M | 4.5% | 12.2% |
| Op. Income | $152M | $107M | $115M | 42.2% | 31.8% |
| Gross Margin | 66.3% | 60.1% | 61.7% | 6.2pp | 4.6pp |
| Net Margin | 26.7% | 19.5% | 24.0% | 7.2pp | 2.7pp |
| EPS (Diluted) | $0.85 | $0.59 | $0.71 | 44.1% | 19.7% |
| Free Cash Flow | $85M | $116M | $58M | -26.6% | 46.4% |
| Item | Amount |
|---|---|
| REVENUE | $452M |
| Cost of Revenue | $153M |
| GROSS PROFIT | $300M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $79M |
| SG&A Expenses | $79M |
| Other Expenses | $69M |
| Operating Expenses | $147M |
| Cost & Expenses | $300M |
| OPERATING INCOME | $152M |
| Interest Income | $421M |
| Interest Expense | $147M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $152M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $121M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $121M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $121M |
| D&A | $0 |
| EBIT | $152M |
| EBITDA | $152M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $452M |
| Cost of Revenue | $153M |
| GROSS PROFIT | $300M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $79M |
| SG&A Expenses | $79M |
| Other Expenses | $69M |
| Operating Expenses | $147M |
| Cost & Expenses | $300M |
| OPERATING INCOME | $152M |
| Interest Income | $421M |
| Interest Expense | $147M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $152M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $121M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $121M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $121M |
| D&A | $0 |
| EBIT | $152M |
| EBITDA | $152M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $0 |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $89M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $89M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$397M |
| Sales/Maturities of Investments | $332M |
| Other Investing Activities | -$186M |
| NET CASH FROM INVESTING | -$255M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | -$33M |
| Common Dividends Paid | -$53M |
| Other Financing Activities | -$29M |
| NET CASH FROM FINANCING | -$130M |
| FREE CASH FLOW | $85M |
| Net Change in Cash | -$295M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $294M |
| Net Receivables | $107M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $188M |
| Goodwill | $2.0B |
| Intangible Assets | $38M |
| Long-Term Investments | $26.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $949M |
| TOTAL NON-CURRENT ASSETS | $30.1B |
| TOTAL ASSETS | $32.8B |
| Account Payables | $0 |
| Short-Term Debt | $161M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $26.3B |
| TOTAL CURRENT LIABILITIES | $26.5B |
| Long-Term Debt | $551M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $274M |
| TOTAL NON-CURRENT LIABILITIES | $922M |
| TOTAL LIABILITIES | $27.4B |
| Common Stock | $377M |
| Additional Paid-In Capital | $3.5B |
| Retained Earnings | $2.0B |
| Treasury Stock | -$307M |
| Accum. Other Comp. Income | -$184M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.4B |
| TOTAL LIABILITIES & EQUITY | $32.8B |
| Total Debt | $809M |
| Net Debt | -$1.5B |
