| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $316M | $335M | $287M | -5.6% | 10.1% |
| Op. Income | -$103M | -$49M | -$78M | -108.9% | -33.2% |
| Gross Margin | 80.0% | 83.3% | 82.9% | -3.3pp | -3.0pp |
| Net Margin | -27.2% | -8.6% | -21.0% | -18.6pp | -6.2pp |
| EPS (Diluted) | $-0.15 | $-0.05 | $-0.11 | -197.6% | -36.4% |
| Free Cash Flow | $45M | $99M | $43M | -54.5% | 3.9% |
| Item | Amount |
|---|---|
| REVENUE | $316M |
| Cost of Revenue | $63M |
| GROSS PROFIT | $253M |
| R&D Expenses | $98M |
| Selling & Marketing | $194M |
| General & Administrative | $64M |
| SG&A Expenses | $258M |
| Other Expenses | $0 |
| Operating Expenses | $356M |
| Cost & Expenses | $420M |
| OPERATING INCOME | -$103M |
| Interest Income | $13M |
| Interest Expense | $0 |
| Other Income/Expenses | $21M |
| INCOME BEFORE TAX | -$82M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$86M |
| D&A | $5M |
| EBIT | -$103M |
| EBITDA | -$99M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$86M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $94M |
| Deferred Income Tax | $183.0K |
| Other Non-Cash Items | $16M |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | $46M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$410M |
| Sales/Maturities of Investments | $370M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$42M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$197M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$18M |
| NET CASH FROM FINANCING | -$215M |
| FREE CASH FLOW | $45M |
| Net Change in Cash | -$207M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $940M |
| Short-Term Investments | $804M |
| Net Receivables | $372M |
| Inventory | $0 |
| Other Current Assets | $99M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $93M |
| Goodwill | $90M |
| Intangible Assets | $11M |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $230M |
| TOTAL NON-CURRENT ASSETS | $427M |
| TOTAL ASSETS | $2.7B |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $490M |
| TOTAL CURRENT LIABILITIES | $633M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $150M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $235M |
| TOTAL LIABILITIES | $868M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | -$2.0B |
| Treasury Stock | -$322M |
| Accum. Other Comp. Income | $8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $83M |
| Net Debt | -$857M |
