| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.0B | $869M | 9.9% | 31.8% |
| Op. Income | -$340M | -$447M | -$355M | 23.9% | 4.2% |
| Gross Margin | 67.5% | 66.5% | 66.8% | 1.0pp | 0.7pp |
| Net Margin | -26.0% | -41.3% | -36.5% | 15.2pp | 10.4pp |
| EPS (Diluted) | $-0.89 | $-1.29 | $-0.95 | 31.0% | 6.3% |
| Free Cash Flow | $58M | $183M | $65M | -68.2% | -10.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $372M |
| GROSS PROFIT | $773M |
| R&D Expenses | $492M |
| Selling & Marketing | $502M |
| General & Administrative | $119M |
| SG&A Expenses | $621M |
| Other Expenses | $0 |
| Operating Expenses | $1.1B |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | -$340M |
| Interest Income | $49M |
| Interest Expense | $2M |
| Other Income/Expenses | $42M |
| INCOME BEFORE TAX | -$298M |
| Income Tax Expense | $62.0K |
| Net Income from Continuing Ops | -$298M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$298M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$298M |
| D&A | $55M |
| EBIT | -$296M |
| EBITDA | -$241M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$298M |
| Depreciation & Amortization | $55M |
| Stock-Based Compensation | $404M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $55M |
| Change in Working Capital | -$138M |
| OPERATING CASH FLOW | $75M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | -$164M |
| Purchases of Investments | -$631M |
| Sales/Maturities of Investments | $519M |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$299M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$162M |
| NET CASH FROM FINANCING | -$134M |
| FREE CASH FLOW | $58M |
| Net Change in Cash | -$359M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $1.7B |
| Net Receivables | $671M |
| Inventory | $0 |
| Other Current Assets | $209M |
| TOTAL CURRENT ASSETS | $4.5B |
| PP&E (Net) | $545M |
| Goodwill | $1.2B |
| Intangible Assets | $285M |
| Long-Term Investments | $1.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $361M |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $8.2B |
| Account Payables | $167M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2.3B |
| Other Current Liabilities | $289M |
| TOTAL CURRENT LIABILITIES | $3.1B |
| Long-Term Debt | $2.3B |
| Deferred Revenue NC | $12M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $55M |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $5.8B |
| Common Stock | $34.0K |
| Additional Paid-In Capital | $10.9B |
| Retained Earnings | -$8.5B |
| Treasury Stock | -$57M |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $7M |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $8.2B |
| Total Debt | $2.7B |
| Net Debt | $812M |
