| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $169M | $146M | $137M | 15.5% | 23.2% |
| Op. Income | $64M | $55M | $53M | 16.8% | 19.8% |
| Gross Margin | 90.3% | 89.2% | 90.0% | 1.1pp | 0.2pp |
| Net Margin | 36.8% | 36.5% | 32.3% | 0.3pp | 4.6pp |
| EPS (Diluted) | $0.31 | $0.27 | $0.22 | 14.8% | 40.9% |
| Free Cash Flow | $92M | $60M | $67M | 52.3% | 37.1% |
| Item | Amount |
|---|---|
| REVENUE | $169M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $152M |
| R&D Expenses | $30M |
| Selling & Marketing | $39M |
| General & Administrative | $19M |
| SG&A Expenses | $58M |
| Other Expenses | $0 |
| Operating Expenses | $88M |
| Cost & Expenses | $105M |
| OPERATING INCOME | $64M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $73M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $5M |
| EBIT | $73M |
| EBITDA | $78M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $169M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $152M |
| R&D Expenses | $30M |
| Selling & Marketing | $39M |
| General & Administrative | $19M |
| SG&A Expenses | $58M |
| Other Expenses | $0 |
| Operating Expenses | $88M |
| Cost & Expenses | $105M |
| OPERATING INCOME | $64M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $73M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $5M |
| EBIT | $73M |
| EBITDA | $78M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $62M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $94M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$27M |
| Purchases of Investments | -$128M |
| Sales/Maturities of Investments | $125M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$32M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$34M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | -$30M |
| FREE CASH FLOW | $92M |
| Net Change in Cash | $32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $169M |
| Short-Term Investments | $709M |
| Net Receivables | $129M |
| Inventory | $0 |
| Other Current Assets | $85M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $24M |
| Goodwill | $85M |
| Intangible Assets | $39M |
| Long-Term Investments | $0 |
| Tax Assets | $15M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $165M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $100M |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $140M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $263.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $21M |
| TOTAL LIABILITIES | $162M |
| Common Stock | $188.0K |
| Additional Paid-In Capital | $936M |
| Retained Earnings | $158M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $11M |
| Net Debt | -$158M |
