| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $620M | $612M | $593M | 1.4% | 4.6% |
| Op. Income | $37M | $10M | -$5M | 257.5% | 789.7% |
| Gross Margin | 71.2% | 70.5% | 70.2% | 0.6pp | 1.0pp |
| Net Margin | 2.1% | -1.7% | -2.5% | 3.8pp | 4.6pp |
| EPS (Diluted) | $0.14 | $-0.11 | $-0.16 | 227.3% | 187.5% |
| Free Cash Flow | $172M | $130M | $109M | 32.4% | 58.4% |
| Item | Amount |
|---|---|
| REVENUE | $620M |
| Cost of Revenue | $179M |
| GROSS PROFIT | $441M |
| R&D Expenses | $78M |
| Selling & Marketing | $264M |
| General & Administrative | $63M |
| SG&A Expenses | $327M |
| Other Expenses | $0 |
| Operating Expenses | $404M |
| Cost & Expenses | $583M |
| OPERATING INCOME | $37M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $55M |
| EBIT | $32M |
| EBITDA | $87M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $620M |
| Cost of Revenue | $179M |
| GROSS PROFIT | $441M |
| R&D Expenses | $78M |
| Selling & Marketing | $264M |
| General & Administrative | $63M |
| SG&A Expenses | $327M |
| Other Expenses | $0 |
| Operating Expenses | $404M |
| Cost & Expenses | $583M |
| OPERATING INCOME | $37M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $55M |
| EBIT | $32M |
| EBITDA | $87M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $13M |
| Depreciation & Amortization | $55M |
| Stock-Based Compensation | $63M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $56M |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | $167M |
| Capital Expenditure | $5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$14M |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | -$57M |
| Common Stock Repurchased | -$86M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$16.0K |
| NET CASH FROM FINANCING | -$134M |
| FREE CASH FLOW | $172M |
| Net Change in Cash | $14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $168M |
| Short-Term Investments | $0 |
| Net Receivables | $391M |
| Inventory | $1M |
| Other Current Assets | $201M |
| TOTAL CURRENT ASSETS | $800M |
| PP&E (Net) | $222M |
| Goodwill | $85M |
| Intangible Assets | $192M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $306M |
| TOTAL NON-CURRENT ASSETS | $805M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $65M |
| Short-Term Debt | $628M |
| Deferred Revenue | $263M |
| Other Current Liabilities | $45M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $633M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $207M |
| TOTAL NON-CURRENT LIABILITIES | $859M |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$487M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$487M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $1.3B |
| Net Debt | $1.1B |
