| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $324M | $311M | $284M | 4.3% | 13.9% |
| Op. Income | -$30M | -$36M | -$15M | 16.5% | -104.8% |
| Gross Margin | 79.1% | 79.1% | 83.1% | -0.0pp | -4.0pp |
| Net Margin | -6.5% | -10.6% | -2.2% | 4.1pp | -4.3pp |
| EPS (Diluted) | $-0.14 | $-0.22 | $-0.04 | 36.4% | -226.3% |
| Free Cash Flow | $28M | $62M | $47M | -55.1% | -40.2% |
| Item | Amount |
|---|---|
| REVENUE | $324M |
| Cost of Revenue | $68M |
| GROSS PROFIT | $256M |
| R&D Expenses | $89M |
| Selling & Marketing | $142M |
| General & Administrative | $56M |
| SG&A Expenses | $198M |
| Other Expenses | $0 |
| Operating Expenses | $286M |
| Cost & Expenses | $354M |
| OPERATING INCOME | -$30M |
| Interest Income | $5M |
| Interest Expense | $298.0K |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | -$411.0K |
| Net Income from Continuing Ops | -$21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $27M |
| EBIT | -$21M |
| EBITDA | $6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $56M |
| Deferred Income Tax | -$647.0K |
| Other Non-Cash Items | $493.0K |
| Change in Working Capital | -$31M |
| OPERATING CASH FLOW | $31M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$262.0K |
| Purchases of Investments | -$84M |
| Sales/Maturities of Investments | $88M |
| Other Investing Activities | -$17M |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | -$412.0K |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$22M |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $28M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $324M |
| Short-Term Investments | $297M |
| Net Receivables | $194M |
| Inventory | $0 |
| Other Current Assets | $98M |
| TOTAL CURRENT ASSETS | $913M |
| PP&E (Net) | $98M |
| Goodwill | $574M |
| Intangible Assets | $254M |
| Long-Term Investments | $86M |
| Tax Assets | $0 |
| Other Non-Current Assets | $80M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $2.0B |
| Account Payables | $20M |
| Short-Term Debt | $0 |
| Deferred Revenue | $561M |
| Other Current Liabilities | $45M |
| TOTAL CURRENT LIABILITIES | $706M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $81M |
| TOTAL LIABILITIES | $787M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $65M |
| Net Debt | -$259M |
