| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.4B | $1.2B | -1.3% | 8.7% |
| Op. Income | -$260M | -$194M | -$254M | -34.0% | -2.2% |
| Gross Margin | 51.4% | 53.1% | 52.4% | -1.7pp | -1.0pp |
| Net Margin | -19.5% | -10.2% | -20.1% | -9.3pp | 0.6pp |
| EPS (Diluted) | $-0.16 | $-0.08 | $-0.15 | -94.4% | -6.7% |
| Free Cash Flow | $24M | $114M | -$73M | -79.2% | 132.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $653M |
| GROSS PROFIT | $692M |
| R&D Expenses | $443M |
| Selling & Marketing | $258M |
| General & Administrative | $250M |
| SG&A Expenses | $508M |
| Other Expenses | $0 |
| Operating Expenses | $951M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | -$260M |
| Interest Income | $33M |
| Interest Expense | $28M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$255M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | -$263M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$263M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$263M |
| D&A | $40M |
| EBIT | -$227M |
| EBITDA | -$187M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$263M |
| Depreciation & Amortization | $40M |
| Stock-Based Compensation | $252M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $11M |
| Change in Working Capital | $49M |
| OPERATING CASH FLOW | $88M |
| Capital Expenditure | -$65M |
| Acquisitions (Net) | -$35M |
| Purchases of Investments | -$411M |
| Sales/Maturities of Investments | $727M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $215M |
| Net Debt Issuance | -$36M |
| Common Stock Repurchased | -$243M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | -$291M |
| FREE CASH FLOW | $24M |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $926M |
| Short-Term Investments | $2.0B |
| Net Receivables | $1.2B |
| Inventory | $0 |
| Other Current Assets | $226M |
| TOTAL CURRENT ASSETS | $4.3B |
| PP&E (Net) | $1.1B |
| Goodwill | $1.7B |
| Intangible Assets | $89M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $227M |
| TOTAL NON-CURRENT ASSETS | $3.1B |
| TOTAL ASSETS | $7.4B |
| Account Payables | $117M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $3.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $67M |
| TOTAL NON-CURRENT LIABILITIES | $4.2B |
| TOTAL LIABILITIES | $5.3B |
| Common Stock | $16.0K |
| Additional Paid-In Capital | $16.1B |
| Retained Earnings | -$13.6B |
| Treasury Stock | -$445M |
| Accum. Other Comp. Income | $25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $7.4B |
| Total Debt | $4.2B |
| Net Debt | $3.3B |
