| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $423M | $415M | $365M | 2.0% | 15.9% |
| Op. Income | -$8M | -$9M | -$4M | 12.8% | -86.1% |
| Gross Margin | 75.9% | 76.7% | 74.5% | -0.8pp | 1.4pp |
| Net Margin | -12.1% | -5.9% | -7.0% | -6.2pp | -5.1pp |
| EPS (Diluted) | $-0.48 | $-0.23 | $-0.25 | -108.7% | -92.0% |
| Free Cash Flow | $26M | $104M | $38M | -75.0% | -30.9% |
| Item | Amount |
|---|---|
| REVENUE | $423M |
| Cost of Revenue | $102M |
| GROSS PROFIT | $321M |
| R&D Expenses | $108M |
| Selling & Marketing | $174M |
| General & Administrative | $48M |
| SG&A Expenses | $222M |
| Other Expenses | $0 |
| Operating Expenses | $330M |
| Cost & Expenses | $432M |
| OPERATING INCOME | -$8M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $53M |
| Net Income from Continuing Ops | -$51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$51M |
| D&A | $3M |
| EBIT | $8M |
| EBITDA | $10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$51M |
| Depreciation & Amortization | $377.0K |
| Stock-Based Compensation | $73M |
| Deferred Income Tax | $33M |
| Other Non-Cash Items | -$20M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | $27M |
| Capital Expenditure | -$605.0K |
| Acquisitions (Net) | -$28M |
| Purchases of Investments | -$41M |
| Sales/Maturities of Investments | $279M |
| Other Investing Activities | -$521.0K |
| NET CASH FROM INVESTING | $209M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$103M |
| NET CASH FROM FINANCING | -$97M |
| FREE CASH FLOW | $26M |
| Net Change in Cash | $138M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $804M |
| Short-Term Investments | $595M |
| Net Receivables | $261M |
| Inventory | $0 |
| Other Current Assets | $168M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $24M |
| Goodwill | $360M |
| Intangible Assets | $18M |
| Long-Term Investments | $0 |
| Tax Assets | $113M |
| Other Non-Current Assets | $136M |
| TOTAL NON-CURRENT ASSETS | $651M |
| TOTAL ASSETS | $2.5B |
| Account Payables | $37M |
| Short-Term Debt | $7M |
| Deferred Revenue | $693M |
| Other Current Liabilities | $101M |
| TOTAL CURRENT LIABILITIES | $927M |
| Long-Term Debt | $570M |
| Deferred Revenue NC | $40M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $35M |
| TOTAL NON-CURRENT LIABILITIES | $658M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | -$1.2B |
| Treasury Stock | -$115M |
| Accum. Other Comp. Income | -$25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $891M |
| Minority Interest | $0 |
| TOTAL EQUITY | $891M |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $591M |
| Net Debt | -$213M |
