| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $676M | $650M | $590M | 4.0% | 14.6% |
| Op. Income | $166M | $155M | $104M | 7.3% | 60.0% |
| Gross Margin | 74.8% | 73.3% | 71.4% | 1.5pp | 3.4pp |
| Net Margin | 25.3% | 24.9% | 18.9% | 0.4pp | 6.4pp |
| EPS (Diluted) | $1.04 | $0.98 | $0.68 | 6.1% | 52.9% |
| Free Cash Flow | $90M | $755M | $255M | -88.1% | -64.8% |
| Item | Amount |
|---|---|
| REVENUE | $676M |
| Cost of Revenue | $170M |
| GROSS PROFIT | $506M |
| R&D Expenses | $176M |
| Selling & Marketing | $102M |
| General & Administrative | $61M |
| SG&A Expenses | $163M |
| Other Expenses | $0 |
| Operating Expenses | $339M |
| Cost & Expenses | $510M |
| OPERATING INCOME | $166M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $59M |
| INCOME BEFORE TAX | $225M |
| Income Tax Expense | $54M |
| Net Income from Continuing Ops | $171M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $171M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $171M |
| D&A | $11M |
| EBIT | $166M |
| EBITDA | $178M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $676M |
| Cost of Revenue | $170M |
| GROSS PROFIT | $506M |
| R&D Expenses | $176M |
| Selling & Marketing | $102M |
| General & Administrative | $61M |
| SG&A Expenses | $163M |
| Other Expenses | $0 |
| Operating Expenses | $339M |
| Cost & Expenses | $510M |
| OPERATING INCOME | $166M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $59M |
| INCOME BEFORE TAX | $225M |
| Income Tax Expense | $54M |
| Net Income from Continuing Ops | $171M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $171M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $171M |
| D&A | $11M |
| EBIT | $166M |
| EBITDA | $178M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $171M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $108M |
| Deferred Income Tax | -$33M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$162M |
| OPERATING CASH FLOW | $93M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$614M |
| Sales/Maturities of Investments | $504M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$114M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$18M |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | $90M |
| Net Change in Cash | -$32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $3.7B |
| Net Receivables | $404M |
| Inventory | $0 |
| Other Current Assets | $79M |
| TOTAL CURRENT ASSETS | $5.4B |
| PP&E (Net) | $100M |
| Goodwill | $440M |
| Intangible Assets | $53M |
| Long-Term Investments | $0 |
| Tax Assets | $291M |
| Other Non-Current Assets | $79M |
| TOTAL NON-CURRENT ASSETS | $963M |
| TOTAL ASSETS | $6.3B |
| Account Payables | $28M |
| Short-Term Debt | $0 |
| Deferred Revenue | $956M |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $591.0K |
| Other Non-Current Liabilities | $31M |
| TOTAL NON-CURRENT LIABILITIES | $76M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | $3.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.2B |
| TOTAL LIABILITIES & EQUITY | $6.3B |
| Total Debt | $54M |
| Net Debt | -$1.1B |
