| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.0B | $971M | 4.1% | 7.6% |
| Op. Income | $267M | $253M | $211M | 5.5% | 26.4% |
| Gross Margin | 62.1% | 61.7% | 56.8% | 0.4pp | 5.3pp |
| Net Margin | 18.7% | 18.8% | 15.7% | -0.1pp | 3.0pp |
| EPS (Diluted) | $2.78 | $2.69 | $2.32 | 3.3% | 19.8% |
| Free Cash Flow | $322M | $127M | $182M | 153.3% | 76.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $396M |
| GROSS PROFIT | $649M |
| R&D Expenses | $0 |
| Selling & Marketing | $19M |
| General & Administrative | $231M |
| SG&A Expenses | $249M |
| Other Expenses | $132M |
| Operating Expenses | $381M |
| Cost & Expenses | $778M |
| OPERATING INCOME | $267M |
| Interest Income | $921M |
| Interest Expense | $374M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $267M |
| Income Tax Expense | $72M |
| Net Income from Continuing Ops | $196M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $196M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $189M |
| D&A | $31M |
| EBIT | $267M |
| EBITDA | $298M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $396M |
| GROSS PROFIT | $649M |
| R&D Expenses | $0 |
| Selling & Marketing | $19M |
| General & Administrative | $231M |
| SG&A Expenses | $249M |
| Other Expenses | $132M |
| Operating Expenses | $381M |
| Cost & Expenses | $778M |
| OPERATING INCOME | $267M |
| Interest Income | $921M |
| Interest Expense | $374M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $267M |
| Income Tax Expense | $72M |
| Net Income from Continuing Ops | $196M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $196M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $189M |
| D&A | $31M |
| EBIT | $267M |
| EBITDA | $298M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $196M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $27M |
| Change in Working Capital | $65M |
| OPERATING CASH FLOW | $329M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$986M |
| Sales/Maturities of Investments | $651M |
| Other Investing Activities | -$2.6B |
| NET CASH FROM INVESTING | -$2.9B |
| Net Debt Issuance | $75M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$40M |
| Other Financing Activities | $2.7B |
| NET CASH FROM FINANCING | $2.7B |
| FREE CASH FLOW | $322M |
| Net Change in Cash | $79M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.3B |
| Short-Term Investments | $4.7B |
| Net Receivables | $240M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $10.2B |
| PP&E (Net) | $1.1B |
| Goodwill | $798M |
| Intangible Assets | $110M |
| Long-Term Investments | $55.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.9B |
| TOTAL NON-CURRENT ASSETS | $58.8B |
| TOTAL ASSETS | $69.0B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $55.8B |
| TOTAL CURRENT LIABILITIES | $55.8B |
| Long-Term Debt | $4.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $5.9B |
| TOTAL LIABILITIES | $61.8B |
| Common Stock | $67M |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | $4.2B |
| Treasury Stock | -$9M |
| Accum. Other Comp. Income | -$366M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.2B |
| TOTAL LIABILITIES & EQUITY | $69.0B |
| Total Debt | $4.3B |
| Net Debt | -$936M |
