| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $343M | $286M | $214M | 19.8% | 60.2% |
| Op. Income | -$2M | -$44M | -$6M | 94.9% | 59.9% |
| Gross Margin | 35.1% | 28.9% | 21.3% | 6.2pp | 13.8pp |
| Net Margin | -4.2% | -19.2% | -1.0% | 15.0pp | -3.1pp |
| EPS (Diluted) | $-0.15 | $-1.10 | $-0.04 | 86.4% | -275.0% |
| Free Cash Flow | $19M | -$7M | $323.0K | 396.0% | 5935.6% |
| Item | Amount |
|---|---|
| REVENUE | $343M |
| Cost of Revenue | $223M |
| GROSS PROFIT | $120M |
| R&D Expenses | $13M |
| Selling & Marketing | $80M |
| General & Administrative | $28M |
| SG&A Expenses | $108M |
| Other Expenses | $2M |
| Operating Expenses | $123M |
| Cost & Expenses | $345M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $18M |
| EBIT | -$1M |
| EBITDA | $17M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $25M |
| OPERATING CASH FLOW | $25M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.0K |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$8M |
| Common Stock Repurchased | -$198.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | $19M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $149M |
| Short-Term Investments | $17M |
| Net Receivables | $338M |
| Inventory | $0 |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $551M |
| PP&E (Net) | $75M |
| Goodwill | $633M |
| Intangible Assets | $403M |
| Long-Term Investments | $0 |
| Tax Assets | $62M |
| Other Non-Current Assets | $50M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $290M |
| Short-Term Debt | $18M |
| Deferred Revenue | $12M |
| Other Current Liabilities | $56M |
| TOTAL CURRENT LIABILITIES | $503M |
| Long-Term Debt | $603M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $67M |
| Other Non-Current Liabilities | $51M |
| TOTAL NON-CURRENT LIABILITIES | $740M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $95.0K |
| Additional Paid-In Capital | $678M |
| Retained Earnings | -$239M |
| Treasury Stock | -$440.0K |
| Accum. Other Comp. Income | $92M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $532M |
| Minority Interest | $0 |
| TOTAL EQUITY | $532M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $649M |
| Net Debt | $500M |
