| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $632M | $629M | $642M | 0.4% | -1.6% |
| Op. Income | -$54M | -$121M | -$841M | 54.9% | 93.5% |
| Gross Margin | 69.8% | 68.7% | 70.7% | 1.1pp | -0.9pp |
| Net Margin | -5.2% | -14.8% | -130.4% | 9.6pp | 125.2pp |
| EPS (Diluted) | $-0.19 | $-0.53 | $-4.92 | 64.2% | 96.1% |
| Free Cash Flow | $90M | -$16M | $87M | 675.5% | 3.9% |
| Item | Amount |
|---|---|
| REVENUE | $632M |
| Cost of Revenue | $191M |
| GROSS PROFIT | $441M |
| R&D Expenses | $113M |
| Selling & Marketing | $217M |
| General & Administrative | $108M |
| SG&A Expenses | $326M |
| Other Expenses | $57M |
| Operating Expenses | $496M |
| Cost & Expenses | $686M |
| OPERATING INCOME | -$54M |
| Interest Income | $10M |
| Interest Expense | $4M |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | -$40M |
| Income Tax Expense | -$8M |
| Net Income from Continuing Ops | -$33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$33M |
| D&A | $49M |
| EBIT | -$46M |
| EBITDA | $3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$33M |
| Depreciation & Amortization | $87M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $13M |
| OPERATING CASH FLOW | $91M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | -$694.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $740.0K |
| Other Investing Activities | -$58M |
| NET CASH FROM INVESTING | -$60M |
| Net Debt Issuance | -$551M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$550M |
| FREE CASH FLOW | $90M |
| Net Change in Cash | -$514M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $680M |
| Short-Term Investments | $0 |
| Net Receivables | $234M |
| Inventory | $38M |
| Other Current Assets | $36M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $53M |
| Goodwill | $283M |
| Intangible Assets | $1.4B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $101M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $2.9B |
| Account Payables | $54M |
| Short-Term Debt | $0 |
| Deferred Revenue | $75M |
| Other Current Liabilities | $110M |
| TOTAL CURRENT LIABILITIES | $402M |
| Long-Term Debt | $993M |
| Deferred Revenue NC | $11M |
| Deferred Tax Liabilities | $30M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $177.0K |
| Additional Paid-In Capital | $17.8B |
| Retained Earnings | -$16.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$35M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $1.0B |
| Net Debt | $355M |
