| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $657M | $551M | $674M | 19.2% | -2.6% |
| Op. Income | $11M | $41M | -$46M | -72.6% | 124.6% |
| Gross Margin | 50.5% | 51.5% | 47.2% | -1.0pp | 3.2pp |
| Net Margin | -5.9% | 2.5% | -13.6% | -8.4pp | 7.8pp |
| EPS (Diluted) | $-0.09 | $0.03 | $-0.24 | -385.1% | 61.6% |
| Free Cash Flow | $71M | $67M | $106M | 5.3% | -33.0% |
| Item | Amount |
|---|---|
| REVENUE | $657M |
| Cost of Revenue | $325M |
| GROSS PROFIT | $331M |
| R&D Expenses | $65M |
| Selling & Marketing | $152M |
| General & Administrative | $103M |
| SG&A Expenses | $255M |
| Other Expenses | $0 |
| Operating Expenses | $320M |
| Cost & Expenses | $645M |
| OPERATING INCOME | $11M |
| Interest Income | $9M |
| Interest Expense | $32M |
| Other Income/Expenses | -$50M |
| INCOME BEFORE TAX | -$39M |
| Income Tax Expense | -$200.0K |
| Net Income from Continuing Ops | -$39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$39M |
| D&A | $15M |
| EBIT | -$8M |
| EBITDA | $8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$39M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $56M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $35M |
| OPERATING CASH FLOW | $72M |
| Capital Expenditure | -$900.0K |
| Acquisitions (Net) | $2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$900.0K |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$800.0K |
| NET CASH FROM FINANCING | -$900.0K |
| FREE CASH FLOW | $71M |
| Net Change in Cash | $76M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $95M |
| Inventory | $215M |
| Other Current Assets | $67M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $502M |
| Goodwill | $44M |
| Intangible Assets | $1M |
| Long-Term Investments | $44M |
| Tax Assets | $0 |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $608M |
| TOTAL ASSETS | $2.2B |
| Account Payables | $350M |
| Short-Term Debt | $276M |
| Deferred Revenue | $156M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $785M |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$345M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $0 |
| Additional Paid-In Capital | $5.3B |
| Retained Earnings | -$5.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$327M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$327M |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $2.3B |
| Net Debt | $1.1B |
