| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.0B | $968M | 8.9% | 14.8% |
| Op. Income | -$23M | -$58M | -$71M | 59.6% | 67.2% |
| Gross Margin | 44.8% | 43.6% | 43.9% | 1.2pp | 0.9pp |
| Net Margin | 0.9% | -2.7% | -3.5% | 3.6pp | 4.5pp |
| EPS (Diluted) | $0.07 | $-0.19 | $-0.24 | 136.8% | 129.2% |
| Free Cash Flow | $109M | $137M | $23M | -20.6% | 382.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $613M |
| GROSS PROFIT | $498M |
| R&D Expenses | $178M |
| Selling & Marketing | $243M |
| General & Administrative | $100M |
| SG&A Expenses | $343M |
| Other Expenses | $0 |
| Operating Expenses | $521M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | -$23M |
| Interest Income | $0 |
| Interest Expense | $460.0K |
| Other Income/Expenses | $28M |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $82M |
| EBIT | $5M |
| EBITDA | $87M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $82M |
| Stock-Based Compensation | $85M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$65M |
| OPERATING CASH FLOW | $110M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$85M |
| NET CASH FROM INVESTING | -$86M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$33M |
| NET CASH FROM FINANCING | -$32M |
| FREE CASH FLOW | $109M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $0 |
| Net Receivables | $628M |
| Inventory | $113M |
| Other Current Assets | $164M |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $479M |
| Goodwill | $309M |
| Intangible Assets | $262M |
| Long-Term Investments | $61M |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $4.3B |
| Account Payables | $166M |
| Short-Term Debt | $0 |
| Deferred Revenue | $124M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $25M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $76M |
| TOTAL NON-CURRENT LIABILITIES | $583M |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $4.0B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $4.3B |
| Total Debt | $567M |
| Net Debt | -$1.7B |
