| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $646M | $617M | $556M | 4.7% | 16.2% |
| Op. Income | -$19M | -$47M | -$162M | 59.6% | 88.3% |
| Gross Margin | 76.0% | 76.0% | 73.2% | -0.0pp | 2.8pp |
| Net Margin | 4.5% | -6.5% | -20.0% | 11.0pp | 24.5pp |
| EPS (Diluted) | $0.15 | $-0.24 | $-0.68 | 162.5% | 122.1% |
| Free Cash Flow | $78M | $214M | $49M | -63.6% | 59.2% |
| Item | Amount |
|---|---|
| REVENUE | $646M |
| Cost of Revenue | $155M |
| GROSS PROFIT | $491M |
| R&D Expenses | $164M |
| Selling & Marketing | $238M |
| General & Administrative | $108M |
| SG&A Expenses | $346M |
| Other Expenses | $0 |
| Operating Expenses | $510M |
| Cost & Expenses | $665M |
| OPERATING INCOME | -$19M |
| Interest Income | $29M |
| Interest Expense | $1M |
| Other Income/Expenses | $31M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | -$17M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $25M |
| EBIT | $13M |
| EBITDA | $38M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $148M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $29M |
| Change in Working Capital | -$140M |
| OPERATING CASH FLOW | $86M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$320M |
| Sales/Maturities of Investments | $484M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | $156M |
| Net Debt Issuance | -$40M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | -$50M |
| FREE CASH FLOW | $78M |
| Net Change in Cash | $193M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $515M |
| Short-Term Investments | $1.8B |
| Net Receivables | $377M |
| Inventory | $0 |
| Other Current Assets | $303M |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $129M |
| Goodwill | $5.4B |
| Intangible Assets | $168M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $284M |
| TOTAL NON-CURRENT ASSETS | $6.0B |
| TOTAL ASSETS | $9.1B |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.4B |
| Other Current Liabilities | $113M |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $21M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $33M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $0 |
| Additional Paid-In Capital | $9.0B |
| Retained Earnings | -$2.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.1B |
| TOTAL LIABILITIES & EQUITY | $9.1B |
| Total Debt | $1.2B |
| Net Debt | $705M |
