| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $193M | — | $156M | — | 23.7% |
| Op. Income | -$139M | — | -$49M | — | -183.0% |
| Gross Margin | 65.7% | — | 62.1% | — | 3.6pp |
| Net Margin | -18.5% | — | -33.0% | — | 14.6pp |
| EPS (Diluted) | $-1.45 | — | $-1.57 | — | 7.6% |
| Free Cash Flow | $19M | — | -$33M | — | 156.0% |
| Item | Amount |
|---|---|
| REVENUE | $193M |
| Cost of Revenue | $66M |
| GROSS PROFIT | $127M |
| R&D Expenses | $62M |
| Selling & Marketing | $67M |
| General & Administrative | $48M |
| SG&A Expenses | $115M |
| Other Expenses | $89M |
| Operating Expenses | $266M |
| Cost & Expenses | $332M |
| OPERATING INCOME | -$139M |
| Interest Income | $2M |
| Interest Expense | $4M |
| Other Income/Expenses | $104M |
| INCOME BEFORE TAX | -$35M |
| Income Tax Expense | $457.0K |
| Net Income from Continuing Ops | -$36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$36M |
| Net Income Deductions | $27M |
| BOTTOM LINE NET INCOME | -$44M |
| D&A | $20M |
| EBIT | -$31M |
| EBITDA | -$11M |
| EPS | -$2 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$36M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | $383.0K |
| Other Non-Cash Items | $16M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $25M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | -$592.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$450.0K |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$54.0K |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | $19M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $128M |
| Short-Term Investments | $0 |
| Net Receivables | $81M |
| Inventory | $0 |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $249M |
| PP&E (Net) | $100M |
| Goodwill | $846M |
| Intangible Assets | $273M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.5B |
| Account Payables | $7M |
| Short-Term Debt | $2M |
| Deferred Revenue | $15M |
| Other Current Liabilities | $28M |
| TOTAL CURRENT LIABILITIES | $131M |
| Long-Term Debt | $174M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $237M |
| TOTAL LIABILITIES | $367M |
| Common Stock | $35.0K |
| Additional Paid-In Capital | $421M |
| Retained Earnings | -$958M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $243M |
| Net Debt | $114M |
