| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $504M | $559M | $407M | -9.8% | 23.8% |
| Op. Income | $13M | $61M | -$24M | -77.9% | 156.6% |
| Gross Margin | 28.9% | 33.5% | 33.6% | -4.6pp | -4.7pp |
| Net Margin | -9.3% | 4.6% | -7.1% | -13.9pp | -2.3pp |
| EPS (Diluted) | $-0.85 | $0.47 | $-0.54 | -280.9% | -57.4% |
| Free Cash Flow | $49M | $89M | $14M | -44.6% | 241.3% |
| Item | Amount |
|---|---|
| REVENUE | $504M |
| Cost of Revenue | $359M |
| GROSS PROFIT | $145M |
| R&D Expenses | $0 |
| Selling & Marketing | $50M |
| General & Administrative | $84M |
| SG&A Expenses | $134M |
| Other Expenses | -$2M |
| Operating Expenses | $132M |
| Cost & Expenses | $491M |
| OPERATING INCOME | $13M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$76M |
| INCOME BEFORE TAX | -$63M |
| Income Tax Expense | -$16M |
| Net Income from Continuing Ops | -$47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$47M |
| D&A | $21M |
| EBIT | $12M |
| EBITDA | $33M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$47M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $83M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $69M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$194M |
| Sales/Maturities of Investments | $779M |
| Other Investing Activities | -$229.0K |
| NET CASH FROM INVESTING | $565M |
| Net Debt Issuance | -$423.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$97M |
| NET CASH FROM FINANCING | -$94M |
| FREE CASH FLOW | $49M |
| Net Change in Cash | $540M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $0 |
| Net Receivables | $111M |
| Inventory | $0 |
| Other Current Assets | $732M |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $208M |
| Goodwill | $0 |
| Intangible Assets | $386M |
| Long-Term Investments | $1.6B |
| Tax Assets | $96M |
| Other Non-Current Assets | $117M |
| TOTAL NON-CURRENT ASSETS | $2.4B |
| TOTAL ASSETS | $5.6B |
| Account Payables | $112M |
| Short-Term Debt | $3M |
| Deferred Revenue | $236M |
| Other Current Liabilities | $4.2B |
| TOTAL CURRENT LIABILITIES | $4.6B |
| Long-Term Debt | $63M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $616.0K |
| TOTAL NON-CURRENT LIABILITIES | $71M |
| TOTAL LIABILITIES | $4.7B |
| Common Stock | $55.0K |
| Additional Paid-In Capital | $417M |
| Retained Earnings | $722M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$218M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $921M |
| Minority Interest | $0 |
| TOTAL EQUITY | $921M |
| TOTAL LIABILITIES & EQUITY | $5.6B |
| Total Debt | $73M |
| Net Debt | -$2.2B |
