| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $410M | $402M | $387M | 1.9% | 5.9% |
| Op. Income | $281M | $271M | $266M | 3.5% | 5.4% |
| Gross Margin | 88.0% | 87.7% | 87.8% | 0.3pp | 0.2pp |
| Net Margin | 50.6% | 49.5% | 51.4% | 1.1pp | -0.8pp |
| EPS (Diluted) | $2.21 | $2.10 | $2.01 | 5.2% | 10.0% |
| Free Cash Flow | $195M | $286M | $151M | -31.8% | 28.8% |
| Item | Amount |
|---|---|
| REVENUE | $410M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $361M |
| R&D Expenses | $26M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $54M |
| Other Expenses | $0 |
| Operating Expenses | $80M |
| Cost & Expenses | $129M |
| OPERATING INCOME | $281M |
| Interest Income | $6M |
| Interest Expense | $19M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $267M |
| Income Tax Expense | $60M |
| Net Income from Continuing Ops | $207M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $207M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $207M |
| D&A | $8M |
| EBIT | $286M |
| EBITDA | $295M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $410M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $361M |
| R&D Expenses | $26M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $54M |
| Other Expenses | $0 |
| Operating Expenses | $80M |
| Cost & Expenses | $129M |
| OPERATING INCOME | $281M |
| Interest Income | $6M |
| Interest Expense | $19M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $267M |
| Income Tax Expense | $60M |
| Net Income from Continuing Ops | $207M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $207M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $207M |
| D&A | $8M |
| EBIT | $286M |
| EBITDA | $295M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $207M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $39M |
| Change in Working Capital | -$68M |
| OPERATING CASH FLOW | $203M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$245M |
| Sales/Maturities of Investments | $38M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$213M |
| Net Debt Issuance | -$600.0K |
| Common Stock Repurchased | -$167M |
| Common Dividends Paid | -$72M |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$251M |
| FREE CASH FLOW | $195M |
| Net Change in Cash | -$261M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $314M |
| Short-Term Investments | $280M |
| Net Receivables | $28M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $682M |
| PP&E (Net) | $229M |
| Goodwill | $53M |
| Intangible Assets | $0 |
| Long-Term Investments | $5M |
| Tax Assets | $272M |
| Other Non-Current Assets | $166M |
| TOTAL NON-CURRENT ASSETS | $726M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $8M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.1B |
| Other Current Liabilities | $51M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $345M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $3.4B |
| Common Stock | $10.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$12.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$2.0B |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $1.8B |
| Net Debt | $1.5B |
