| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $283M | $280M | $252M | 1.3% | 12.4% |
| Op. Income | -$2M | -$5M | -$19M | 71.2% | 91.9% |
| Gross Margin | 54.9% | 55.0% | 53.0% | -0.1pp | 1.8pp |
| Net Margin | 0.4% | 0.2% | -5.1% | 0.2pp | 5.5pp |
| EPS (Diluted) | $0.01 | $0.01 | $-0.17 | 29.0% | 107.6% |
| Free Cash Flow | $22M | $35M | $8M | -38.2% | 166.6% |
| Item | Amount |
|---|---|
| REVENUE | $283M |
| Cost of Revenue | $128M |
| GROSS PROFIT | $155M |
| R&D Expenses | $40M |
| Selling & Marketing | $81M |
| General & Administrative | $36M |
| SG&A Expenses | $117M |
| Other Expenses | $0 |
| Operating Expenses | $157M |
| Cost & Expenses | $285M |
| OPERATING INCOME | -$2M |
| Interest Income | $8M |
| Interest Expense | $4M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $20M |
| EBIT | $6M |
| EBITDA | $26M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $42M |
| Deferred Income Tax | -$159.0K |
| Other Non-Cash Items | $22M |
| Change in Working Capital | -$49M |
| OPERATING CASH FLOW | $35M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$39M |
| Sales/Maturities of Investments | $282M |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | $229M |
| Net Debt Issuance | -$437M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | -$429M |
| FREE CASH FLOW | $22M |
| Net Change in Cash | -$165M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $205M |
| Short-Term Investments | $430M |
| Net Receivables | $131M |
| Inventory | $0 |
| Other Current Assets | $93M |
| TOTAL CURRENT ASSETS | $894M |
| PP&E (Net) | $211M |
| Goodwill | $367M |
| Intangible Assets | $58M |
| Long-Term Investments | $750.0K |
| Tax Assets | $3M |
| Other Non-Current Assets | $172M |
| TOTAL NON-CURRENT ASSETS | $811M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $31M |
| Short-Term Debt | $0 |
| Deferred Revenue | $68M |
| Other Current Liabilities | $46M |
| TOTAL CURRENT LIABILITIES | $202M |
| Long-Term Debt | $734M |
| Deferred Revenue NC | $507.0K |
| Deferred Tax Liabilities | $460.0K |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $786M |
| TOTAL LIABILITIES | $987M |
| Common Stock | $77.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$416M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $108.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $717M |
| Minority Interest | $0 |
| TOTAL EQUITY | $717M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $800M |
| Net Debt | $594M |
