| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $1.0B | 2.7% | 7.5% |
| Op. Income | $324M | $284M | $230M | 14.1% | 41.0% |
| Gross Margin | 61.1% | 58.8% | 54.5% | 2.3pp | 6.6pp |
| Net Margin | 23.6% | 21.3% | 17.8% | 2.3pp | 5.8pp |
| EPS (Diluted) | $1.52 | $1.30 | $1.03 | 16.9% | 47.6% |
| Free Cash Flow | $258M | $87M | $216M | 197.6% | 19.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $426M |
| GROSS PROFIT | $669M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $32M |
| SG&A Expenses | $38M |
| Other Expenses | $308M |
| Operating Expenses | $346M |
| Cost & Expenses | $772M |
| OPERATING INCOME | $324M |
| Interest Income | $1.0B |
| Interest Expense | $379M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $324M |
| Income Tax Expense | $65M |
| Net Income from Continuing Ops | $259M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $259M |
| Net Income Deductions | $3M |
| BOTTOM LINE NET INCOME | $252M |
| D&A | $18M |
| EBIT | $324M |
| EBITDA | $342M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $426M |
| GROSS PROFIT | $669M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $32M |
| SG&A Expenses | $38M |
| Other Expenses | $308M |
| Operating Expenses | $346M |
| Cost & Expenses | $772M |
| OPERATING INCOME | $324M |
| Interest Income | $1.0B |
| Interest Expense | $379M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $324M |
| Income Tax Expense | $65M |
| Net Income from Continuing Ops | $259M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $259M |
| Net Income Deductions | $3M |
| BOTTOM LINE NET INCOME | $252M |
| D&A | $18M |
| EBIT | $324M |
| EBITDA | $342M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $259M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | $45M |
| Change in Working Capital | -$58M |
| OPERATING CASH FLOW | $271M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$550M |
| Sales/Maturities of Investments | $359M |
| Other Investing Activities | -$884M |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | $430M |
| Common Stock Repurchased | -$79M |
| Common Dividends Paid | -$67M |
| Other Financing Activities | $1.0B |
| NET CASH FROM FINANCING | $1.3B |
| FREE CASH FLOW | $258M |
| Net Change in Cash | $482M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.0B |
| Short-Term Investments | $881.0K |
| Net Receivables | $1.2B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.2B |
| PP&E (Net) | $423M |
| Goodwill | $2.9B |
| Intangible Assets | $316M |
| Long-Term Investments | $69.8B |
| Tax Assets | $252M |
| Other Non-Current Assets | $4.0B |
| TOTAL NON-CURRENT ASSETS | $77.7B |
| TOTAL ASSETS | $81.9B |
| Account Payables | $0 |
| Short-Term Debt | $3.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $66.3B |
| TOTAL CURRENT LIABILITIES | $70.0B |
| Long-Term Debt | $916M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $72.6B |
| Common Stock | $2M |
| Additional Paid-In Capital | $6.2B |
| Retained Earnings | $4.1B |
| Treasury Stock | -$765M |
| Accum. Other Comp. Income | -$438M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.3B |
| TOTAL LIABILITIES & EQUITY | $81.9B |
| Total Debt | $4.6B |
| Net Debt | $1.6B |
