| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $319M | — | $277M | — | 15.1% |
| Op. Income | -$37M | — | -$38M | — | 3.2% |
| Gross Margin | 42.4% | — | 41.2% | — | 1.1pp |
| Net Margin | -10.3% | — | -10.7% | — | 0.4pp |
| EPS (Diluted) | $-0.24 | — | $-0.19 | — | -26.3% |
| Free Cash Flow | $24M | — | -$17M | — | 238.6% |
| Item | Amount |
|---|---|
| REVENUE | $319M |
| Cost of Revenue | $184M |
| GROSS PROFIT | $135M |
| R&D Expenses | $33M |
| Selling & Marketing | $70M |
| General & Administrative | $28M |
| SG&A Expenses | $99M |
| Other Expenses | $41M |
| Operating Expenses | $172M |
| Cost & Expenses | $356M |
| OPERATING INCOME | -$37M |
| Interest Income | $6M |
| Interest Expense | $324.0K |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$31M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$33M |
| D&A | $36M |
| EBIT | -$31M |
| EBITDA | $5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$33M |
| Depreciation & Amortization | $38M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $146.0K |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $26M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$165.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$20.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $898.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $24M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $464M |
| Short-Term Investments | $0 |
| Net Receivables | $152M |
| Inventory | $12M |
| Other Current Assets | $47M |
| TOTAL CURRENT ASSETS | $674M |
| PP&E (Net) | $31M |
| Goodwill | $805M |
| Intangible Assets | $114M |
| Long-Term Investments | $14M |
| Tax Assets | $376.6K |
| Other Non-Current Assets | $41M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $35M |
| Short-Term Debt | $0 |
| Deferred Revenue | $71M |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $149M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $144.0K |
| Other Non-Current Liabilities | $869.0K |
| TOTAL NON-CURRENT LIABILITIES | $14M |
| TOTAL LIABILITIES | $162M |
| Common Stock | $3.9B |
| Additional Paid-In Capital | $213M |
| Retained Earnings | -$2.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $17M |
| Net Debt | -$446M |
