| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.2B | 3.5% | -0.2% |
| Op. Income | $312M | $239M | $262M | 30.5% | 19.1% |
| Gross Margin | 67.6% | 64.8% | 61.3% | 2.8pp | 6.3pp |
| Net Margin | 19.7% | 14.2% | 16.2% | 5.5pp | 3.5pp |
| EPS (Diluted) | $1.63 | $1.13 | $1.28 | 44.2% | 27.3% |
| Free Cash Flow | -$93M | $152M | $234M | -161.2% | -139.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $402M |
| GROSS PROFIT | $839M |
| R&D Expenses | $0 |
| Selling & Marketing | $12M |
| General & Administrative | $356M |
| SG&A Expenses | $368M |
| Other Expenses | $159M |
| Operating Expenses | $527M |
| Cost & Expenses | $929M |
| OPERATING INCOME | $312M |
| Interest Income | $1.1B |
| Interest Expense | $403M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $312M |
| Income Tax Expense | $68M |
| Net Income from Continuing Ops | $244M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $244M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $243M |
| D&A | $29M |
| EBIT | $312M |
| EBITDA | $341M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $402M |
| GROSS PROFIT | $839M |
| R&D Expenses | $0 |
| Selling & Marketing | $12M |
| General & Administrative | $356M |
| SG&A Expenses | $368M |
| Other Expenses | $159M |
| Operating Expenses | $527M |
| Cost & Expenses | $929M |
| OPERATING INCOME | $312M |
| Interest Income | $1.1B |
| Interest Expense | $403M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $312M |
| Income Tax Expense | $68M |
| Net Income from Continuing Ops | $244M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $244M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $243M |
| D&A | $29M |
| EBIT | $312M |
| EBITDA | $341M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $244M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | -$12M |
| Change in Working Capital | -$322M |
| OPERATING CASH FLOW | -$62M |
| Capital Expenditure | -$31M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$411M |
| Sales/Maturities of Investments | $721M |
| Other Investing Activities | -$910M |
| NET CASH FROM INVESTING | -$631M |
| Net Debt Issuance | $2.6B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$65M |
| Other Financing Activities | -$1.9B |
| NET CASH FROM FINANCING | $640M |
| FREE CASH FLOW | -$93M |
| Net Change in Cash | -$53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.6B |
| Short-Term Investments | $9.1B |
| Net Receivables | $367M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $12.1B |
| PP&E (Net) | $1.4B |
| Goodwill | $1.1B |
| Intangible Assets | $0 |
| Long-Term Investments | $69.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.8B |
| TOTAL NON-CURRENT ASSETS | $76.8B |
| TOTAL ASSETS | $88.9B |
| Account Payables | $0 |
| Short-Term Debt | $6.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $73.8B |
| TOTAL CURRENT LIABILITIES | $79.9B |
| Long-Term Debt | $966M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $82.3B |
| Common Stock | $1.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $7.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.6B |
| TOTAL LIABILITIES & EQUITY | $88.9B |
| Total Debt | $7.0B |
| Net Debt | $4.5B |
