| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $438M | $395M | $440M | 10.7% | -0.5% |
| Op. Income | $135M | $100M | $123M | 35.7% | 9.7% |
| Gross Margin | 79.5% | 78.0% | 78.6% | 1.4pp | 0.9pp |
| Net Margin | 25.6% | 12.5% | 18.5% | 13.1pp | 7.1pp |
| EPS (Diluted) | $0.42 | $0.19 | $0.34 | 121.1% | 23.5% |
| Free Cash Flow | $0 | $0 | $55M | — | -100.0% |
| Item | Amount |
|---|---|
| REVENUE | $438M |
| Cost of Revenue | $90M |
| GROSS PROFIT | $348M |
| R&D Expenses | $72M |
| Selling & Marketing | $114M |
| General & Administrative | $27M |
| SG&A Expenses | $141M |
| Other Expenses | $0 |
| Operating Expenses | $213M |
| Cost & Expenses | $302M |
| OPERATING INCOME | $135M |
| Interest Income | $11M |
| Interest Expense | $0 |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | $147M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $114M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $112M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $112M |
| D&A | $0 |
| EBIT | $135M |
| EBITDA | $135M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $438M |
| Cost of Revenue | $90M |
| GROSS PROFIT | $348M |
| R&D Expenses | $72M |
| Selling & Marketing | $114M |
| General & Administrative | $27M |
| SG&A Expenses | $141M |
| Other Expenses | $0 |
| Operating Expenses | $213M |
| Cost & Expenses | $302M |
| OPERATING INCOME | $135M |
| Interest Income | $11M |
| Interest Expense | $0 |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | $147M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $114M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $112M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $112M |
| D&A | $0 |
| EBIT | $135M |
| EBITDA | $135M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $112M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$129M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $916M |
| Net Receivables | $838M |
| Inventory | $0 |
| Other Current Assets | $348M |
| TOTAL CURRENT ASSETS | $4.0B |
| PP&E (Net) | $212M |
| Goodwill | $0 |
| Intangible Assets | $284M |
| Long-Term Investments | $1.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $3.1B |
| TOTAL ASSETS | $7.1B |
| Account Payables | $150M |
| Short-Term Debt | $800M |
| Deferred Revenue | $89M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $1.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $113M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $3.7B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $3.3B |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $88M |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $7.1B |
| Total Debt | $2.7B |
| Net Debt | $735M |
