| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $723M | $671M | $655M | 7.8% | 10.4% |
| Op. Income | $86M | $49M | $65M | 75.6% | 31.8% |
| Gross Margin | 87.4% | 87.0% | 87.0% | 0.4pp | 0.4pp |
| Net Margin | 14.3% | 9.3% | 8.6% | 5.0pp | 5.6pp |
| EPS (Diluted) | $0.36 | $0.21 | $0.19 | 71.4% | 89.5% |
| Free Cash Flow | $191M | $175M | $187M | 9.7% | 2.3% |
| Item | Amount |
|---|---|
| REVENUE | $723M |
| Cost of Revenue | $91M |
| GROSS PROFIT | $632M |
| R&D Expenses | $202M |
| Selling & Marketing | $278M |
| General & Administrative | $68M |
| SG&A Expenses | $345M |
| Other Expenses | -$2M |
| Operating Expenses | $545M |
| Cost & Expenses | $637M |
| OPERATING INCOME | $86M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | $98M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | $103M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $103M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $103M |
| D&A | $18M |
| EBIT | $98M |
| EBITDA | $116M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $723M |
| Cost of Revenue | $91M |
| GROSS PROFIT | $632M |
| R&D Expenses | $202M |
| Selling & Marketing | $278M |
| General & Administrative | $68M |
| SG&A Expenses | $345M |
| Other Expenses | -$2M |
| Operating Expenses | $545M |
| Cost & Expenses | $637M |
| OPERATING INCOME | $86M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | $98M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | $103M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $103M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $103M |
| D&A | $18M |
| EBIT | $98M |
| EBITDA | $116M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $103M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $103M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$28M |
| OPERATING CASH FLOW | $197M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$183M |
| Sales/Maturities of Investments | $196M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$333M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$49M |
| NET CASH FROM FINANCING | -$382M |
| FREE CASH FLOW | $191M |
| Net Change in Cash | -$177M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $603M |
| Short-Term Investments | $1.3B |
| Net Receivables | $261M |
| Inventory | $0 |
| Other Current Assets | $331M |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $323M |
| Goodwill | $185M |
| Intangible Assets | $2M |
| Long-Term Investments | $15.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $301M |
| TOTAL NON-CURRENT ASSETS | $811M |
| TOTAL ASSETS | $3.3B |
| Account Payables | $96M |
| Short-Term Debt | $33M |
| Deferred Revenue | $1.1B |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $1.1B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $30M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | -$5.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$831M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$831M |
| TOTAL LIABILITIES & EQUITY | $3.3B |
| Total Debt | $1.5B |
| Net Debt | $940M |
