| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $528M | $519M | $384M | 1.8% | 37.5% |
| Op. Income | -$931M | $9M | -$9M | -10285.4% | -9757.4% |
| Gross Margin | 87.3% | 88.4% | 86.9% | -1.1pp | 0.4pp |
| Net Margin | -174.8% | 2.5% | 0.1% | -177.3pp | -174.9pp |
| EPS (Diluted) | $-2.49 | $0.20 | $0.00 | -1345.0% | -Infinity% |
| Free Cash Flow | $23M | -$31M | -$4M | 173.2% | 745.0% |
| Item | Amount |
|---|---|
| REVENUE | $528M |
| Cost of Revenue | $67M |
| GROSS PROFIT | $461M |
| R&D Expenses | $622M |
| Selling & Marketing | $185M |
| General & Administrative | $280M |
| SG&A Expenses | $465M |
| Other Expenses | $305M |
| Operating Expenses | $1.4B |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | -$931M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$924M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$923M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$923M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$923M |
| D&A | $7M |
| EBIT | -$931M |
| EBITDA | -$923M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$923M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $970M |
| Change in Working Capital | -$26M |
| OPERATING CASH FLOW | $28M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$196M |
| Sales/Maturities of Investments | $308M |
| Other Investing Activities | -$34M |
| NET CASH FROM INVESTING | $72M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$323M |
| NET CASH FROM FINANCING | $450M |
| FREE CASH FLOW | $23M |
| Net Change in Cash | $551M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $868M |
| Short-Term Investments | $225M |
| Net Receivables | $344M |
| Inventory | $0 |
| Other Current Assets | $299M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $135M |
| Goodwill | $27M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $166M |
| TOTAL ASSETS | $1.9B |
| Account Payables | $52M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $203M |
| TOTAL CURRENT LIABILITIES | $360M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $40M |
| TOTAL NON-CURRENT LIABILITIES | $115M |
| TOTAL LIABILITIES | $474M |
| Common Stock | $31.0K |
| Additional Paid-In Capital | $4.7B |
| Retained Earnings | -$3.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$116.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $88M |
| Net Debt | -$780M |
