Q2 2023 Earnings

Revenue

$708M-12.4% YoY

Gross Profit

$438M61.8% margin

Operating Income

-$74M-10.4% margin

Net Income

-$97M-13.8% margin

EPS (Diluted)

$-0.42

QoQ Revenue Growth

-8.4%

Operating Cash Flow

$151M

Free Cash Flow

$151M

Stock-Based Comp.

$200M

Total Assets

$137.7B

Total Liabilities

$131.9B

Stockholders' Equity

$5.8B

Cash & Equivalents

$5.2B

Metric	Current	Year Ago	Change
Revenue	$708M	$808M	-12.4%
Gross Profit	$438M	$641M	-31.7%
Operating Income	-$74M	-$1.0B	+93.0%
Net Income	-$97M	-$1.1B	+91.1%

Bank Servicing, Consumer, Net

$310M67%

Subscription and Circulation, Blockchain Infrastructure Service

$88M19%

Subscription and Circulation, Other

$29M6%

Bank Servicing, Institutional

$17M4%

Subscription and Circulation, Custodial Fee

$17M4%

UNITED STATES

$638M90%

Rest of the World

$70M10%