| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $669M | $536M | $689M | 24.9% | -2.8% |
| Op. Income | $157M | $96M | $179M | 62.7% | -12.6% |
| Gross Margin | 79.2% | 77.0% | 66.3% | 2.2pp | 12.9pp |
| Net Margin | 15.7% | 0.1% | 19.4% | 15.6pp | -3.6pp |
| EPS (Diluted) | $0.55 | $0.00 | $0.70 | 21053.8% | -21.4% |
| Free Cash Flow | $244M | -$136M | $402M | 279.6% | -39.4% |
| Item | Amount |
|---|---|
| REVENUE | $669M |
| Cost of Revenue | $139M |
| GROSS PROFIT | $530M |
| R&D Expenses | $70M |
| Selling & Marketing | $100M |
| General & Administrative | $111M |
| SG&A Expenses | $211M |
| Other Expenses | $93M |
| Operating Expenses | $374M |
| Cost & Expenses | $513M |
| OPERATING INCOME | $157M |
| Interest Income | $0 |
| Interest Expense | $56M |
| Other Income/Expenses | -$72M |
| INCOME BEFORE TAX | $84M |
| Income Tax Expense | -$21M |
| Net Income from Continuing Ops | $105M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $105M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $105M |
| D&A | $61M |
| EBIT | $140M |
| EBITDA | $201M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $669M |
| Cost of Revenue | $139M |
| GROSS PROFIT | $530M |
| R&D Expenses | $70M |
| Selling & Marketing | $100M |
| General & Administrative | $111M |
| SG&A Expenses | $211M |
| Other Expenses | $93M |
| Operating Expenses | $374M |
| Cost & Expenses | $513M |
| OPERATING INCOME | $157M |
| Interest Income | $0 |
| Interest Expense | $56M |
| Other Income/Expenses | -$72M |
| INCOME BEFORE TAX | $84M |
| Income Tax Expense | -$21M |
| Net Income from Continuing Ops | $105M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $105M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $105M |
| D&A | $61M |
| EBIT | $140M |
| EBITDA | $201M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $105M |
| Depreciation & Amortization | $116M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $78.0K |
| Other Non-Cash Items | $65M |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | $265M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$47M |
| Net Debt Issuance | -$391M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$969.0K |
| FREE CASH FLOW | $244M |
| Net Change in Cash | $216M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $463M |
| Short-Term Investments | $0 |
| Net Receivables | $667M |
| Inventory | $133M |
| Other Current Assets | $143M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $146M |
| Goodwill | $2.6B |
| Intangible Assets | $1.6B |
| Long-Term Investments | $0 |
| Tax Assets | $7M |
| Other Non-Current Assets | $330M |
| TOTAL NON-CURRENT ASSETS | $4.6B |
| TOTAL ASSETS | $6.0B |
| Account Payables | $126M |
| Short-Term Debt | $13M |
| Deferred Revenue | $967M |
| Other Current Liabilities | $150M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | $947M |
| Deferred Tax Liabilities | $16M |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $3.8B |
| TOTAL LIABILITIES | $5.3B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$460.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $795M |
| Minority Interest | $0 |
| TOTAL EQUITY | $795M |
| TOTAL LIABILITIES & EQUITY | $6.0B |
| Total Debt | $2.9B |
| Net Debt | $2.4B |
