| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $363M | $358M | $318M | 1.1% | 13.8% |
| Op. Income | -$22M | -$8M | -$68M | -182.0% | 67.9% |
| Gross Margin | 81.6% | 82.0% | 81.7% | -0.3pp | -0.0pp |
| Net Margin | 9.3% | 2.5% | -12.7% | 6.8pp | 21.9pp |
| EPS (Diluted) | $-0.06 | $0.08 | $-0.38 | -174.2% | 83.8% |
| Free Cash Flow | $86M | $82M | $74M | 5.2% | 15.6% |
| Item | Amount |
|---|---|
| REVENUE | $363M |
| Cost of Revenue | $67M |
| GROSS PROFIT | $296M |
| R&D Expenses | $85M |
| Selling & Marketing | $133M |
| General & Administrative | $71M |
| SG&A Expenses | $204M |
| Other Expenses | $29M |
| Operating Expenses | $318M |
| Cost & Expenses | $384M |
| OPERATING INCOME | -$22M |
| Interest Income | $20M |
| Interest Expense | $5M |
| Other Income/Expenses | $55M |
| INCOME BEFORE TAX | $34M |
| Income Tax Expense | $45.0K |
| Net Income from Continuing Ops | $34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $34M |
| Net Income Deductions | $40M |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $22M |
| EBIT | $38M |
| EBITDA | $60M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | $34M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $66M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$30M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | $79M |
| Capital Expenditure | $7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.6B |
| Sales/Maturities of Investments | $1.1B |
| Other Investing Activities | $520M |
| NET CASH FROM INVESTING | $10M |
| Net Debt Issuance | $745M |
| Common Stock Repurchased | -$200M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | $538M |
| FREE CASH FLOW | $86M |
| Net Change in Cash | $626M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $645M |
| Net Receivables | $611M |
| Inventory | $0 |
| Other Current Assets | $4.0B |
| TOTAL CURRENT ASSETS | $6.8B |
| PP&E (Net) | $155M |
| Goodwill | $2.4B |
| Intangible Assets | $253M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $30M |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $9.7B |
| Account Payables | $6M |
| Short-Term Debt | $33M |
| Deferred Revenue | $3.8B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4.1B |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $202.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $504.0K |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $5.9B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $5.3B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$239.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $9.7B |
| Total Debt | $1.8B |
| Net Debt | $209M |
