| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $344M | $354M | $301M | -2.8% | 14.2% |
| Op. Income | $8M | $49M | $28M | -84.2% | -72.4% |
| Gross Margin | 69.4% | 69.1% | 71.1% | 0.3pp | -1.6pp |
| Net Margin | 0.9% | 9.4% | 6.3% | -8.5pp | -5.4pp |
| EPS (Diluted) | $0.05 | $0.58 | $0.33 | -91.3% | -84.8% |
| Free Cash Flow | $17M | $20M | $10M | -17.7% | 73.6% |
| Item | Amount |
|---|---|
| REVENUE | $344M |
| Cost of Revenue | $105M |
| GROSS PROFIT | $239M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $231M |
| Other Expenses | $0 |
| Operating Expenses | $231M |
| Cost & Expenses | $336M |
| OPERATING INCOME | $8M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $18M |
| EBIT | $5M |
| EBITDA | $23M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | -$42M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $23M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | -$581M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$587M |
| Net Debt Issuance | $593M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $595M |
| FREE CASH FLOW | $17M |
| Net Change in Cash | $29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $194M |
| Short-Term Investments | $0 |
| Net Receivables | $155M |
| Inventory | $247M |
| Other Current Assets | $111M |
| TOTAL CURRENT ASSETS | $707M |
| PP&E (Net) | $44M |
| Goodwill | $852M |
| Intangible Assets | $575M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $140M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $109M |
| Short-Term Debt | $23M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $262M |
| Long-Term Debt | $832M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $21M |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $918M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $593.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$146M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $971.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $918M |
| Net Debt | $723M |
