| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $321M | $320M | — | 0.4% | — |
| Op. Income | -$30M | -$21M | — | -45.4% | — |
| Gross Margin | 100.0% | 33.9% | — | 66.1pp | — |
| Net Margin | -16.4% | -13.3% | — | -3.1pp | — |
| EPS (Diluted) | $-3.15 | $-2.54 | — | -24.0% | — |
| Free Cash Flow | -$31M | $59M | — | -153.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $321M |
| Cost of Revenue | $205M |
| GROSS PROFIT | $321M |
| R&D Expenses | $0 |
| Selling & Marketing | $78M |
| General & Administrative | $29M |
| SG&A Expenses | $107M |
| Other Expenses | $249M |
| Operating Expenses | $356M |
| Cost & Expenses | $356M |
| OPERATING INCOME | -$30M |
| Interest Income | $200.0K |
| Interest Expense | $16M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | -$52M |
| Income Tax Expense | $400.0K |
| Net Income from Continuing Ops | -$53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$53M |
| D&A | $205M |
| EBIT | -$36M |
| EBITDA | $168M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$53M |
| Depreciation & Amortization | $207M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$92M |
| Change in Working Capital | -$93M |
| OPERATING CASH FLOW | -$26M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $700.0K |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $16M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $16M |
| FREE CASH FLOW | -$31M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $37M |
| Short-Term Investments | $0 |
| Net Receivables | $66M |
| Inventory | $0 |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $114M |
| PP&E (Net) | $50M |
| Goodwill | $0 |
| Intangible Assets | $730M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $2.0B |
| Account Payables | $83M |
| Short-Term Debt | $4M |
| Deferred Revenue | $42M |
| Other Current Liabilities | $471M |
| TOTAL CURRENT LIABILITIES | $600M |
| Long-Term Debt | $609M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $92M |
| TOTAL NON-CURRENT LIABILITIES | $709M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $732M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$88M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $663M |
| Minority Interest | $0 |
| TOTAL EQUITY | $663M |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $613M |
| Net Debt | $576M |
