| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $299M | $282M | $236M | 5.9% | 26.6% |
| Op. Income | -$12M | $10M | $2M | -217.9% | -743.9% |
| Gross Margin | 89.6% | 89.8% | 89.9% | -0.2pp | -0.4pp |
| Net Margin | 0.5% | 9.7% | 6.1% | -9.2pp | -5.5pp |
| EPS (Diluted) | $0.03 | $0.52 | $0.27 | -94.3% | -89.1% |
| Free Cash Flow | $60M | $108M | $51M | -44.2% | 18.1% |
| Item | Amount |
|---|---|
| REVENUE | $299M |
| Cost of Revenue | $31M |
| GROSS PROFIT | $268M |
| R&D Expenses | $87M |
| Selling & Marketing | $153M |
| General & Administrative | $40M |
| SG&A Expenses | $192M |
| Other Expenses | $0 |
| Operating Expenses | $279M |
| Cost & Expenses | $311M |
| OPERATING INCOME | -$12M |
| Interest Income | $14M |
| Interest Expense | $0 |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $978.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $3M |
| EBIT | $3M |
| EBITDA | $6M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $57M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $580.0K |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $67M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$924.0K |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | $60M |
| Net Change in Cash | $63M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $60M |
| Net Receivables | $41M |
| Inventory | $0 |
| Other Current Assets | $58M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $157M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $33M |
| TOTAL NON-CURRENT ASSETS | $190M |
| TOTAL ASSETS | $2.0B |
| Account Payables | $42M |
| Short-Term Debt | $0 |
| Deferred Revenue | $409M |
| Other Current Liabilities | $109M |
| TOTAL CURRENT LIABILITIES | $673M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $99M |
| TOTAL LIABILITIES | $772M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$523M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $23M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $126M |
| Net Debt | -$1.5B |
