| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $761M | $714M | $637M | 6.5% | 19.4% |
| Op. Income | -$25M | -$27M | -$24M | 10.4% | -2.8% |
| Gross Margin | 83.9% | 83.9% | 85.0% | 0.1pp | -1.1pp |
| Net Margin | -0.4% | -3.1% | -2.3% | 2.6pp | 1.8pp |
| EPS (Diluted) | $-0.06 | $-0.42 | $-0.28 | 85.3% | 77.9% |
| Free Cash Flow | $148M | $148M | $88M | 0.1% | 68.2% |
| Item | Amount |
|---|---|
| REVENUE | $761M |
| Cost of Revenue | $122M |
| GROSS PROFIT | $639M |
| R&D Expenses | $237M |
| Selling & Marketing | $340M |
| General & Administrative | $85M |
| SG&A Expenses | $425M |
| Other Expenses | $1M |
| Operating Expenses | $663M |
| Cost & Expenses | $785M |
| OPERATING INCOME | -$25M |
| Interest Income | $18M |
| Interest Expense | $227.0K |
| Other Income/Expenses | $19M |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | -$2M |
| 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 | $33M |
| EBIT | -$5M |
| EBITDA | $28M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $33M |
| Stock-Based Compensation | $141M |
| Deferred Income Tax | $121.0K |
| Other Non-Cash Items | -$18M |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $164M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | -$18M |
| Purchases of Investments | -$164M |
| Sales/Maturities of Investments | $502M |
| Other Investing Activities | -$36M |
| NET CASH FROM INVESTING | $269M |
| Net Debt Issuance | -$369M |
| Common Stock Repurchased | -$125M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$480M |
| FREE CASH FLOW | $148M |
| Net Change in Cash | -$25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $601M |
| Short-Term Investments | $1.1B |
| Net Receivables | $321M |
| Inventory | $0 |
| Other Current Assets | $319M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $346M |
| Goodwill | $275M |
| Intangible Assets | $231M |
| Long-Term Investments | $191M |
| Tax Assets | $0 |
| Other Non-Current Assets | $331M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $3.7B |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $888M |
| Other Current Liabilities | $97M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $83M |
| TOTAL NON-CURRENT LIABILITIES | $332M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $53.0K |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | -$825M |
| Treasury Stock | $1.0K |
| Accum. Other Comp. Income | $5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $281M |
| Net Debt | -$321M |
