| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $868M | $843M | $885M | 2.9% | -1.9% |
| Op. Income | $173M | $139M | $93M | 24.4% | 85.5% |
| Gross Margin | 52.7% | 49.3% | 41.9% | 3.4pp | 10.8pp |
| Net Margin | 15.3% | 12.6% | 8.0% | 2.8pp | 7.4pp |
| EPS (Diluted) | $0.22 | $0.18 | $0.13 | 22.2% | 69.2% |
| Free Cash Flow | $159M | -$17M | $214M | 1029.5% | -25.6% |
| Item | Amount |
|---|---|
| REVENUE | $868M |
| Cost of Revenue | $410M |
| GROSS PROFIT | $457M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $158M |
| SG&A Expenses | $158M |
| Other Expenses | $127M |
| Operating Expenses | $284M |
| Cost & Expenses | $695M |
| OPERATING INCOME | $173M |
| Interest Income | $805M |
| Interest Expense | $373M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $173M |
| Income Tax Expense | $40M |
| Net Income from Continuing Ops | $133M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $133M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $126M |
| D&A | $17M |
| EBIT | $173M |
| EBITDA | $191M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $868M |
| Cost of Revenue | $410M |
| GROSS PROFIT | $457M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $158M |
| SG&A Expenses | $158M |
| Other Expenses | $127M |
| Operating Expenses | $284M |
| Cost & Expenses | $695M |
| OPERATING INCOME | $173M |
| Interest Income | $805M |
| Interest Expense | $373M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $173M |
| Income Tax Expense | $40M |
| Net Income from Continuing Ops | $133M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $133M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $126M |
| D&A | $17M |
| EBIT | $173M |
| EBITDA | $191M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $133M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $35M |
| Change in Working Capital | -$34M |
| OPERATING CASH FLOW | $159M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$415M |
| Sales/Maturities of Investments | $202M |
| Other Investing Activities | -$768M |
| NET CASH FROM INVESTING | -$981M |
| Net Debt Issuance | $98M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | -$62M |
| Other Financing Activities | $759M |
| NET CASH FROM FINANCING | $785M |
| FREE CASH FLOW | $159M |
| Net Change in Cash | -$37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $357M |
| Net Receivables | $238M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $670M |
| Goodwill | $1.9B |
| Intangible Assets | $115M |
| Long-Term Investments | $56.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.3B |
| TOTAL NON-CURRENT ASSETS | $60.9B |
| TOTAL ASSETS | $62.7B |
| Account Payables | $0 |
| Short-Term Debt | $162M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $50.7B |
| TOTAL CURRENT LIABILITIES | $50.9B |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $889M |
| TOTAL NON-CURRENT LIABILITIES | $4.2B |
| TOTAL LIABILITIES | $55.1B |
| Common Stock | $197M |
| Additional Paid-In Capital | $5.5B |
| Retained Earnings | $1.7B |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | -$120M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.6B |
| TOTAL LIABILITIES & EQUITY | $62.7B |
| Total Debt | $3.5B |
| Net Debt | $2.3B |
