| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $537M | $329M | $481M | 63.3% | 11.6% |
| Op. Income | $75M | -$41M | $71M | 284.8% | 6.2% |
| Gross Margin | 116.7% | 20.4% | 46.5% | 96.4pp | 70.2pp |
| Net Margin | 12.9% | -9.3% | 11.1% | 22.2pp | 1.8pp |
| EPS (Diluted) | $0.27 | $-0.26 | $0.31 | 203.8% | -12.9% |
| Free Cash Flow | $2M | -$26M | -$31M | 107.4% | 106.1% |
| Item | Amount |
|---|---|
| REVENUE | $537M |
| Cost of Revenue | -$90M |
| GROSS PROFIT | $627M |
| R&D Expenses | $10M |
| Selling & Marketing | $107M |
| General & Administrative | $36M |
| SG&A Expenses | $143M |
| Other Expenses | $399M |
| Operating Expenses | $552M |
| Cost & Expenses | $462M |
| OPERATING INCOME | $75M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $83M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $4M |
| EBIT | $94M |
| EBITDA | $98M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $537M |
| Cost of Revenue | -$90M |
| GROSS PROFIT | $627M |
| R&D Expenses | $10M |
| Selling & Marketing | $107M |
| General & Administrative | $36M |
| SG&A Expenses | $143M |
| Other Expenses | $399M |
| Operating Expenses | $552M |
| Cost & Expenses | $462M |
| OPERATING INCOME | $75M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $83M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $4M |
| EBIT | $94M |
| EBITDA | $98M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $69M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $13M |
| Other Non-Cash Items | -$18M |
| Change in Working Capital | -$72M |
| OPERATING CASH FLOW | $52.0K |
| Capital Expenditure | $2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $9M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $22M |
| Short-Term Investments | $0 |
| Net Receivables | $381M |
| Inventory | $0 |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $425M |
| PP&E (Net) | $37M |
| Goodwill | $29M |
| Intangible Assets | $1M |
| Long-Term Investments | $842M |
| Tax Assets | $0 |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $927M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $80M |
| Short-Term Debt | $25M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $129M |
| TOTAL CURRENT LIABILITIES | $235M |
| Long-Term Debt | $409M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $42M |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $498M |
| TOTAL LIABILITIES | $733M |
| Common Stock | $2M |
| Additional Paid-In Capital | $541M |
| Retained Earnings | -$183M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $620M |
| Minority Interest | $0 |
| TOTAL EQUITY | $620M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $458M |
| Net Debt | $436M |
