| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $242M | $229M | $199M | 5.7% | 21.7% |
| Op. Income | -$81M | -$87M | -$79M | 7.8% | -1.6% |
| Gross Margin | 75.0% | 75.3% | 74.5% | -0.3pp | 0.5pp |
| Net Margin | -29.7% | -90.9% | -34.8% | 61.2pp | 5.0pp |
| EPS (Diluted) | $-0.22 | $-0.63 | $-0.22 | 65.1% | 0.0% |
| Free Cash Flow | -$7M | $45M | -$5M | -115.9% | -31.5% |
| Item | Amount |
|---|---|
| REVENUE | $242M |
| Cost of Revenue | $60M |
| GROSS PROFIT | $182M |
| R&D Expenses | $79M |
| Selling & Marketing | $128M |
| General & Administrative | $51M |
| SG&A Expenses | $179M |
| Other Expenses | $4M |
| Operating Expenses | $262M |
| Cost & Expenses | $323M |
| OPERATING INCOME | -$81M |
| Interest Income | $12M |
| Interest Expense | $0 |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | -$69M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$72M |
| D&A | $12M |
| EBIT | -$77M |
| EBITDA | -$64M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$72M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $74M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $18M |
| Change in Working Capital | -$33M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$41M |
| Sales/Maturities of Investments | $178M |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | $131M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$41M |
| NET CASH FROM FINANCING | -$41M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | $90M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $278M |
| Short-Term Investments | $533M |
| Net Receivables | $179M |
| Inventory | $0 |
| Other Current Assets | $103M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $79M |
| Goodwill | $630M |
| Intangible Assets | $94M |
| Long-Term Investments | $347M |
| Tax Assets | $0 |
| Other Non-Current Assets | $108M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.4B |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $457M |
| Other Current Liabilities | $63M |
| TOTAL CURRENT LIABILITIES | $597M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $90M |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $140M |
| TOTAL NON-CURRENT LIABILITIES | $246M |
| TOTAL LIABILITIES | $843M |
| Common Stock | $33.0K |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $12M |
| Net Debt | -$266M |
