| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $248M | — | $269M | — | -7.6% |
| Op. Income | -$338M | — | $52M | — | -751.2% |
| Gross Margin | 70.1% | — | 70.2% | — | -0.1pp |
| Net Margin | -102.2% | — | 10.2% | — | -112.4pp |
| EPS (Diluted) | $-2.41 | — | $0.22 | — | -1195.5% |
| Free Cash Flow | $68M | — | $31M | — | 117.1% |
| Item | Amount |
|---|---|
| REVENUE | $248M |
| Cost of Revenue | $74M |
| GROSS PROFIT | $174M |
| R&D Expenses | $33M |
| Selling & Marketing | $32M |
| General & Administrative | $36M |
| SG&A Expenses | $68M |
| Other Expenses | $411M |
| Operating Expenses | $512M |
| Cost & Expenses | $587M |
| OPERATING INCOME | -$338M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | -$361M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | -$367M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$254M |
| Net Income Deductions | $4.0K |
| BOTTOM LINE NET INCOME | -$254M |
| D&A | $7M |
| EBIT | -$350M |
| EBITDA | -$344M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$254M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $586.0K |
| Other Non-Cash Items | $311M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $71M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | $68M |
| Net Change in Cash | $59M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $262M |
| Short-Term Investments | $0 |
| Net Receivables | $97M |
| Inventory | $0 |
| Other Current Assets | $39M |
| TOTAL CURRENT ASSETS | $398M |
| PP&E (Net) | $19M |
| Goodwill | $1.1B |
| Intangible Assets | $589M |
| Long-Term Investments | $2M |
| Tax Assets | $15M |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $2.2B |
| Account Payables | $9M |
| Short-Term Debt | $6M |
| Deferred Revenue | $41M |
| Other Current Liabilities | $56M |
| TOTAL CURRENT LIABILITIES | $120M |
| Long-Term Debt | $609M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $253.0K |
| Other Non-Current Liabilities | $418M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$941M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $133M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $578M |
| Minority Interest | $427M |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $627M |
| Net Debt | $365M |
