| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $500M | $392M | $281M | 27.3% | 77.7% |
| Op. Income | $68M | $4M | -$31M | 1634.8% | 318.1% |
| Gross Margin | 90.8% | 90.5% | 89.5% | 0.3pp | 1.3pp |
| Net Margin | 17.9% | 6.7% | -3.6% | 11.2pp | 21.5pp |
| EPS (Diluted) | $0.48 | $0.14 | $-0.06 | 242.9% | 886.9% |
| Free Cash Flow | $111M | $127M | $27M | -12.5% | 307.7% |
| Item | Amount |
|---|---|
| REVENUE | $500M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $454M |
| R&D Expenses | $197M |
| Selling & Marketing | $121M |
| General & Administrative | $69M |
| SG&A Expenses | $189M |
| Other Expenses | $0 |
| Operating Expenses | $386M |
| Cost & Expenses | $432M |
| OPERATING INCOME | $68M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $21M |
| INCOME BEFORE TAX | $89M |
| Income Tax Expense | -$439.0K |
| Net Income from Continuing Ops | $89M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $89M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $89M |
| D&A | $4M |
| EBIT | $68M |
| EBITDA | $72M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $500M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $454M |
| R&D Expenses | $197M |
| Selling & Marketing | $121M |
| General & Administrative | $69M |
| SG&A Expenses | $189M |
| Other Expenses | $0 |
| Operating Expenses | $386M |
| Cost & Expenses | $432M |
| OPERATING INCOME | $68M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $21M |
| INCOME BEFORE TAX | $89M |
| Income Tax Expense | -$439.0K |
| Net Income from Continuing Ops | $89M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $89M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $89M |
| D&A | $4M |
| EBIT | $68M |
| EBITDA | $72M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $89M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $89M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$66M |
| OPERATING CASH FLOW | $111M |
| Capital Expenditure | -$505.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$556M |
| Sales/Maturities of Investments | $553M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | $111M |
| Net Change in Cash | $98M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $734M |
| Short-Term Investments | $1.3B |
| Net Receivables | $443M |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $34M |
| Goodwill | $42M |
| Intangible Assets | $20M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $102M |
| TOTAL ASSETS | $2.6B |
| Account Payables | $64M |
| Short-Term Debt | $0 |
| Deferred Revenue | $19M |
| Other Current Liabilities | $65M |
| TOTAL CURRENT LIABILITIES | $211M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $34M |
| TOTAL LIABILITIES | $245M |
| Common Stock | $18.0K |
| Additional Paid-In Capital | $3.5B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $25M |
| Net Debt | -$709M |
