| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $415M | $396M | $363M | 4.8% | 14.4% |
| Op. Income | -$18M | -$21M | -$22M | 12.8% | 16.7% |
| Gross Margin | 79.8% | 80.5% | 81.6% | -0.7pp | -1.8pp |
| Net Margin | -0.6% | -0.7% | 9.3% | 0.1pp | -9.9pp |
| EPS (Diluted) | $-0.03 | $-0.03 | $-0.06 | 11.7% | 58.3% |
| Free Cash Flow | $104M | $82M | $86M | 26.2% | 21.1% |
| Item | Amount |
|---|---|
| REVENUE | $415M |
| Cost of Revenue | $84M |
| GROSS PROFIT | $331M |
| R&D Expenses | $83M |
| Selling & Marketing | $155M |
| General & Administrative | $79M |
| SG&A Expenses | $235M |
| Other Expenses | $31M |
| Operating Expenses | $349M |
| Cost & Expenses | $433M |
| OPERATING INCOME | -$18M |
| Interest Income | $23M |
| Interest Expense | $7M |
| Other Income/Expenses | $16M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $522.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $35M |
| EBIT | $3M |
| EBITDA | $38M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $35M |
| Stock-Based Compensation | $64M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $105M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$586M |
| Sales/Maturities of Investments | $453M |
| Other Investing Activities | $271M |
| NET CASH FROM INVESTING | $137M |
| Net Debt Issuance | -$33M |
| Common Stock Repurchased | -$133M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $48M |
| NET CASH FROM FINANCING | -$113M |
| FREE CASH FLOW | $104M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $1.1B |
| Net Receivables | $792M |
| Inventory | $0 |
| Other Current Assets | $4.2B |
| TOTAL CURRENT ASSETS | $7.3B |
| PP&E (Net) | $179M |
| Goodwill | $2.4B |
| Intangible Assets | $192M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $33M |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $10.1B |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $21M |
| Other Current Liabilities | $4.4B |
| TOTAL CURRENT LIABILITIES | $4.4B |
| Long-Term Debt | $1.9B |
| Deferred Revenue NC | $424.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$52M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $6.3B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $5.5B |
| Retained Earnings | -$1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $10.1B |
| Total Debt | $1.9B |
| Net Debt | $720M |
