| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $180M | $162M | $145M | 11.1% | 23.8% |
| Op. Income | -$39M | -$40M | -$28M | 3.7% | -38.7% |
| Gross Margin | 67.7% | 68.6% | 70.2% | -0.9pp | -2.5pp |
| Net Margin | -15.5% | -22.1% | -15.8% | 6.6pp | 0.3pp |
| EPS (Diluted) | $-0.26 | $-0.34 | $-0.23 | 23.5% | -13.0% |
| Free Cash Flow | $5M | $23M | $7M | -76.4% | -25.4% |
| Item | Amount |
|---|---|
| REVENUE | $180M |
| Cost of Revenue | $58M |
| GROSS PROFIT | $122M |
| R&D Expenses | $41M |
| Selling & Marketing | $83M |
| General & Administrative | $37M |
| SG&A Expenses | $119M |
| Other Expenses | $0 |
| Operating Expenses | $161M |
| Cost & Expenses | $219M |
| OPERATING INCOME | -$39M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$35M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | -$28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$28M |
| D&A | $5M |
| EBIT | -$35M |
| EBITDA | -$30M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$28M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $38M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$530.0K |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$181M |
| Purchases of Investments | -$23M |
| Sales/Maturities of Investments | -$74M |
| Other Investing Activities | $120M |
| NET CASH FROM INVESTING | -$161M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | -$146M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $81M |
| Short-Term Investments | $283M |
| Net Receivables | $93M |
| Inventory | $0 |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $485M |
| PP&E (Net) | $113M |
| Goodwill | $268M |
| Intangible Assets | $68M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $86M |
| TOTAL NON-CURRENT ASSETS | $538M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $262M |
| Other Current Liabilities | $62M |
| TOTAL CURRENT LIABILITIES | $354M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $70M |
| TOTAL LIABILITIES | $423M |
| Common Stock | $11.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$651M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$104.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $599M |
| Minority Interest | $169.0K |
| TOTAL EQUITY | $599M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $84M |
| Net Debt | $3M |
