| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.2B | $1.1B | 8.3% | 21.4% |
| Op. Income | -$57M | -$32M | -$49M | -79.7% | -17.2% |
| Gross Margin | 82.7% | 81.7% | 81.6% | 1.0pp | 1.0pp |
| Net Margin | -3.0% | -10.4% | -8.0% | 7.5pp | 5.0pp |
| EPS (Diluted) | $-0.15 | $-0.48 | $-0.33 | 68.7% | 54.5% |
| Free Cash Flow | $343M | $74M | $284M | 360.8% | 20.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $223M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $680M |
| Selling & Marketing | $268M |
| General & Administrative | $169M |
| SG&A Expenses | $437M |
| Other Expenses | $4M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | -$57M |
| Interest Income | $26M |
| Interest Expense | $7M |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | -$47M |
| Income Tax Expense | -$9M |
| Net Income from Continuing Ops | -$38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$38M |
| D&A | $23M |
| EBIT | -$40M |
| EBITDA | -$17M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$38M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $379M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $352M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $35.5K |
| Purchases of Investments | -$128M |
| Sales/Maturities of Investments | $26M |
| Other Investing Activities | -$35.5K |
| NET CASH FROM INVESTING | -$112M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$69M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$69M |
| FREE CASH FLOW | $343M |
| Net Change in Cash | $162M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.2B |
| Short-Term Investments | $252M |
| Net Receivables | $696M |
| Inventory | $0 |
| Other Current Assets | $157M |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $258M |
| Goodwill | $1.3B |
| Intangible Assets | $273M |
| Long-Term Investments | $222M |
| Tax Assets | $7M |
| Other Non-Current Assets | $72M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $5.4B |
| Account Payables | $191M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.9B |
| Other Current Liabilities | $286M |
| TOTAL CURRENT LIABILITIES | $2.7B |
| Long-Term Debt | $987M |
| Deferred Revenue NC | $282M |
| Deferred Tax Liabilities | $20M |
| Other Non-Current Liabilities | $44M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $4.2B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $4.9B |
| Retained Earnings | -$3.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$39M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $5.4B |
| Total Debt | $1.2B |
| Net Debt | -$973M |
