| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $545M | $586M | $316M | -7.0% | 72.6% |
| Op. Income | $27M | $58M | $11M | -53.8% | 142.3% |
| Gross Margin | 76.4% | 73.5% | 81.3% | 2.9pp | -4.9pp |
| Net Margin | 7.8% | 8.4% | 4.2% | -0.6pp | 3.6pp |
| EPS (Diluted) | $0.17 | $0.20 | $0.06 | -15.0% | 200.4% |
| Free Cash Flow | -$69M | $50M | $48M | -238.7% | -246.0% |
| Item | Amount |
|---|---|
| REVENUE | $545M |
| Cost of Revenue | $129M |
| GROSS PROFIT | $416M |
| R&D Expenses | $38M |
| Selling & Marketing | $218M |
| General & Administrative | $67M |
| SG&A Expenses | $285M |
| Other Expenses | $66M |
| Operating Expenses | $389M |
| Cost & Expenses | $518M |
| OPERATING INCOME | $27M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | -$10M |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $10M |
| EBIT | $27M |
| EBITDA | $37M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $545M |
| Cost of Revenue | $129M |
| GROSS PROFIT | $416M |
| R&D Expenses | $38M |
| Selling & Marketing | $218M |
| General & Administrative | $67M |
| SG&A Expenses | $285M |
| Other Expenses | $66M |
| Operating Expenses | $389M |
| Cost & Expenses | $518M |
| OPERATING INCOME | $27M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | -$10M |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $10M |
| EBIT | $27M |
| EBITDA | $37M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $43M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $36M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$102M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$50M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $29M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | $922M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$39M |
| NET CASH FROM FINANCING | $889M |
| FREE CASH FLOW | -$69M |
| Net Change in Cash | $850M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $20M |
| Net Receivables | $7M |
| Inventory | $142M |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $277M |
| Goodwill | $118M |
| Intangible Assets | $41M |
| Long-Term Investments | $0 |
| Tax Assets | $84M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $522M |
| TOTAL ASSETS | $1.9B |
| Account Payables | $105M |
| Short-Term Debt | $3M |
| Deferred Revenue | $98M |
| Other Current Liabilities | -$3M |
| TOTAL CURRENT LIABILITIES | $272M |
| Long-Term Debt | $969M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $23.0K |
| Additional Paid-In Capital | $712M |
| Retained Earnings | -$150M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $822.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $563M |
| Minority Interest | $0 |
| TOTAL EQUITY | $563M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $1.0B |
| Net Debt | -$80M |
