| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $445M | $397M | $438M | 12.1% | 1.6% |
| Op. Income | $146M | $110M | $135M | 32.0% | 7.5% |
| Gross Margin | 76.7% | 77.6% | 79.5% | -0.9pp | -2.8pp |
| Net Margin | 28.3% | 27.0% | 25.6% | 1.3pp | 2.7pp |
| EPS (Diluted) | $0.47 | $0.40 | $0.42 | 17.5% | 11.9% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $445M |
| Cost of Revenue | $103M |
| GROSS PROFIT | $341M |
| R&D Expenses | $78M |
| Selling & Marketing | $110M |
| General & Administrative | $8M |
| SG&A Expenses | $118M |
| Other Expenses | $0 |
| Operating Expenses | $196M |
| Cost & Expenses | $299M |
| OPERATING INCOME | $146M |
| Interest Income | $16M |
| Interest Expense | $0 |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | $158M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $127M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $126M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $126M |
| D&A | $0 |
| EBIT | $146M |
| EBITDA | $146M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $445M |
| Cost of Revenue | $103M |
| GROSS PROFIT | $341M |
| R&D Expenses | $78M |
| Selling & Marketing | $110M |
| General & Administrative | $8M |
| SG&A Expenses | $118M |
| Other Expenses | $0 |
| Operating Expenses | $196M |
| Cost & Expenses | $299M |
| OPERATING INCOME | $146M |
| Interest Income | $16M |
| Interest Expense | $0 |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | $158M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $127M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $126M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $126M |
| D&A | $0 |
| EBIT | $146M |
| EBITDA | $146M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $126M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$138M |
| 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 | $1.2B |
| Short-Term Investments | $953M |
| Net Receivables | $829M |
| Inventory | $0 |
| Other Current Assets | $339M |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $281M |
| Goodwill | $0 |
| Intangible Assets | $268M |
| Long-Term Investments | $1.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $3.3B |
| TOTAL ASSETS | $6.5B |
| Account Payables | $187M |
| Short-Term Debt | $0 |
| Deferred Revenue | $77M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $897M |
| Long-Term Debt | $1.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $102M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $3.6B |
| TOTAL STOCKHOLDERS' EQUITY | $3.6B |
| Minority Interest | $79M |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $6.5B |
| Total Debt | $1.9B |
| Net Debt | $708M |
