| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $247M | $239M | $221M | 3.4% | 11.8% |
| Op. Income | -$7M | -$18M | -$9M | 57.9% | 15.5% |
| Gross Margin | 78.0% | 78.1% | 77.9% | -0.1pp | 0.0pp |
| Net Margin | -5.9% | -9.6% | -6.6% | 3.6pp | 0.6pp |
| EPS (Diluted) | $-0.12 | $-0.19 | $-0.12 | 36.8% | 0.0% |
| Free Cash Flow | $38M | $81M | $29M | -52.9% | 33.0% |
| Item | Amount |
|---|---|
| REVENUE | $247M |
| Cost of Revenue | $54M |
| GROSS PROFIT | $193M |
| R&D Expenses | $59M |
| Selling & Marketing | $107M |
| General & Administrative | $34M |
| SG&A Expenses | $141M |
| Other Expenses | $0 |
| Operating Expenses | $200M |
| Cost & Expenses | $255M |
| OPERATING INCOME | -$7M |
| Interest Income | $4M |
| Interest Expense | $7M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $11M |
| EBIT | -$3M |
| EBITDA | $7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $47M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $42M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$48M |
| Purchases of Investments | -$45M |
| Sales/Maturities of Investments | $61M |
| Other Investing Activities | -$699.0K |
| NET CASH FROM INVESTING | -$37M |
| Net Debt Issuance | -$937.0K |
| Common Stock Repurchased | -$65M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$65M |
| FREE CASH FLOW | $38M |
| Net Change in Cash | -$58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $175M |
| Short-Term Investments | $211M |
| Net Receivables | $181M |
| Inventory | $0 |
| Other Current Assets | $51M |
| TOTAL CURRENT ASSETS | $672M |
| PP&E (Net) | $79M |
| Goodwill | $698M |
| Intangible Assets | $129M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $78M |
| TOTAL NON-CURRENT ASSETS | $984M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $19M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $629M |
| TOTAL CURRENT LIABILITIES | $713M |
| Long-Term Debt | $355M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $183M |
| TOTAL NON-CURRENT LIABILITIES | $593M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$899M |
| Treasury Stock | -$241M |
| Accum. Other Comp. Income | $262.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $351M |
| Minority Interest | $0 |
| TOTAL EQUITY | $351M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $419M |
| Net Debt | $244M |
