| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $412M | $362M | $306M | 13.9% | 34.4% |
| Op. Income | $15M | $12M | -$16M | 19.7% | 192.9% |
| Gross Margin | 59.0% | 60.2% | 58.3% | -1.2pp | 0.7pp |
| Net Margin | 1.6% | 3.1% | -3.9% | -1.6pp | 5.5pp |
| EPS (Diluted) | $0.03 | $0.05 | $-0.06 | -40.4% | 147.7% |
| Free Cash Flow | $26M | $116M | $48M | -78.0% | -46.5% |
| Item | Amount |
|---|---|
| REVENUE | $412M |
| Cost of Revenue | $169M |
| GROSS PROFIT | $243M |
| R&D Expenses | $77M |
| Selling & Marketing | $85M |
| General & Administrative | $60M |
| SG&A Expenses | $145M |
| Other Expenses | $6M |
| Operating Expenses | $228M |
| Cost & Expenses | $397M |
| OPERATING INCOME | $15M |
| Interest Income | $2M |
| Interest Expense | $2M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $6M |
| EBIT | $10M |
| EBITDA | $16M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $412M |
| Cost of Revenue | $169M |
| GROSS PROFIT | $243M |
| R&D Expenses | $77M |
| Selling & Marketing | $85M |
| General & Administrative | $60M |
| SG&A Expenses | $145M |
| Other Expenses | $6M |
| Operating Expenses | $228M |
| Cost & Expenses | $397M |
| OPERATING INCOME | $15M |
| Interest Income | $2M |
| Interest Expense | $2M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $6M |
| EBIT | $10M |
| EBITDA | $16M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $38M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | $41M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | $26M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $516M |
| Short-Term Investments | $0 |
| Net Receivables | $294M |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $60M |
| Goodwill | $55M |
| Intangible Assets | $6M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $129M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $19M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $255M |
| TOTAL CURRENT LIABILITIES | $364M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $38M |
| TOTAL LIABILITIES | $401M |
| Common Stock | $21.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$510M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $765M |
| Minority Interest | $0 |
| TOTAL EQUITY | $765M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $32M |
| Net Debt | -$484M |
