| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $391M | $367M | $300M | 6.7% | 30.4% |
| Op. Income | -$27M | -$33M | -$58M | 20.0% | 54.3% |
| Gross Margin | 76.9% | 77.3% | 75.6% | -0.4pp | 1.3pp |
| Net Margin | -4.3% | -6.0% | -16.5% | 1.7pp | 12.2pp |
| EPS (Diluted) | $-0.03 | $-0.04 | $-0.09 | 24.6% | 67.2% |
| Free Cash Flow | $44M | $46M | $13M | -3.3% | 236.7% |
| Item | Amount |
|---|---|
| REVENUE | $391M |
| Cost of Revenue | $91M |
| GROSS PROFIT | $301M |
| R&D Expenses | $86M |
| Selling & Marketing | $174M |
| General & Administrative | $68M |
| SG&A Expenses | $242M |
| Other Expenses | $0 |
| Operating Expenses | $328M |
| Cost & Expenses | $418M |
| OPERATING INCOME | -$27M |
| Interest Income | $11M |
| Interest Expense | $0 |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | -$38M |
| EBIT | -$15M |
| EBITDA | -$53M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $81M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | $50M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$249M |
| Sales/Maturities of Investments | $187M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$68M |
| Net Debt Issuance | -$316.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $18M |
| FREE CASH FLOW | $44M |
| Net Change in Cash | $623.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $258M |
| Short-Term Investments | $443M |
| Net Receivables | $246M |
| Inventory | $48M |
| Other Current Assets | $190M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $134M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $386M |
| Tax Assets | $0 |
| Other Non-Current Assets | $500M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $2.2B |
| Account Payables | $30M |
| Short-Term Debt | $13M |
| Deferred Revenue | $611M |
| Other Current Liabilities | $86M |
| TOTAL CURRENT LIABILITIES | $792M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $129M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $201M |
| TOTAL LIABILITIES | $992M |
| Common Stock | $35.0K |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $77M |
| Net Debt | -$181M |
