| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.4B | $1.3B | 10.7% | 23.3% |
| Op. Income | -$49M | -$96M | -$57M | 49.4% | 15.2% |
| Gross Margin | 85.0% | 82.0% | 82.7% | 3.0pp | 2.4pp |
| Net Margin | -2.7% | -3.6% | -3.0% | 0.9pp | 0.3pp |
| EPS (Diluted) | $-0.16 | $-0.20 | $-0.15 | 20.0% | -6.7% |
| Free Cash Flow | $169M | $115M | $343M | 47.0% | -50.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $238M |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $826M |
| Selling & Marketing | $376M |
| General & Administrative | $193M |
| SG&A Expenses | $570M |
| Other Expenses | $0 |
| Operating Expenses | $1.4B |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | -$49M |
| Interest Income | $18M |
| Interest Expense | $13M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$56M |
| Income Tax Expense | -$13M |
| Net Income from Continuing Ops | -$43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$43M |
| D&A | $36M |
| EBIT | -$42M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$43M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $453M |
| Deferred Income Tax | -$49M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$217M |
| OPERATING CASH FLOW | $178M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | -$1.2B |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $88M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$194M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$197M |
| FREE CASH FLOW | $169M |
| Net Change in Cash | -$1.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $408M |
| Net Receivables | $912M |
| Inventory | $0 |
| Other Current Assets | $297M |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $224M |
| Goodwill | $2.3B |
| Intangible Assets | $495M |
| Long-Term Investments | $210M |
| Tax Assets | $25M |
| Other Non-Current Assets | $125M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $6.2B |
| Account Payables | $232M |
| Short-Term Debt | $51M |
| Deferred Revenue | $2.2B |
| Other Current Liabilities | $274M |
| TOTAL CURRENT LIABILITIES | $3.1B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $201M |
| Deferred Tax Liabilities | $24M |
| Other Non-Current Liabilities | -$112M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $4.6B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $6.4B |
| Retained Earnings | -$4.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$465.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $6.2B |
| Total Debt | $1.4B |
| Net Debt | $233M |
