| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $282M | $271M | $235M | 4.1% | 20.1% |
| Op. Income | -$96M | -$101M | -$108M | 4.7% | 11.0% |
| Gross Margin | 73.7% | 74.5% | 72.4% | -0.8pp | 1.4pp |
| Net Margin | -29.0% | -24.9% | -38.3% | -4.1pp | 9.2pp |
| EPS (Diluted) | $-0.24 | $-0.20 | $-0.28 | -20.0% | 14.3% |
| Free Cash Flow | $17M | -$33M | $3M | 152.1% | 534.8% |
| Item | Amount |
|---|---|
| REVENUE | $282M |
| Cost of Revenue | $74M |
| GROSS PROFIT | $208M |
| R&D Expenses | $121M |
| Selling & Marketing | $144M |
| General & Administrative | $40M |
| SG&A Expenses | $183M |
| Other Expenses | $0 |
| Operating Expenses | $305M |
| Cost & Expenses | $379M |
| OPERATING INCOME | -$96M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $21M |
| INCOME BEFORE TAX | -$75M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | -$82M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$82M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$82M |
| D&A | $7M |
| EBIT | -$96M |
| EBITDA | -$89M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$82M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $102M |
| Deferred Income Tax | $177.0K |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | $18M |
| Capital Expenditure | -$919.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$466M |
| Sales/Maturities of Investments | $465M |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | $17M |
| Net Change in Cash | $17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $296M |
| Short-Term Investments | $1.6B |
| Net Receivables | $358M |
| Inventory | $0 |
| Other Current Assets | $143M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $94M |
| Goodwill | $164M |
| Intangible Assets | $7M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $111M |
| TOTAL NON-CURRENT ASSETS | $376M |
| TOTAL ASSETS | $2.8B |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $424M |
| Other Current Liabilities | $83M |
| TOTAL CURRENT LIABILITIES | $613M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $31M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | -$2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $1.1B |
| Net Debt | $812M |
