| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $242M | $216M | $193M | 12.3% | 25.5% |
| Op. Income | -$35M | $50M | -$139M | -170.2% | 75.1% |
| Gross Margin | 70.8% | 68.8% | 65.7% | 2.0pp | 5.1pp |
| Net Margin | -13.3% | -21.5% | -18.5% | 8.2pp | 5.2pp |
| EPS (Diluted) | $-0.35 | $-0.51 | $-1.45 | 31.4% | 75.9% |
| Free Cash Flow | $39M | -$16M | $19M | 347.3% | 109.5% |
| Item | Amount |
|---|---|
| REVENUE | $242M |
| Cost of Revenue | $71M |
| GROSS PROFIT | $171M |
| R&D Expenses | $73M |
| Selling & Marketing | $70M |
| General & Administrative | $64M |
| SG&A Expenses | $133M |
| Other Expenses | $0 |
| Operating Expenses | $206M |
| Cost & Expenses | $277M |
| OPERATING INCOME | -$35M |
| Interest Income | $5M |
| Interest Expense | $2M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$32M |
| Income Tax Expense | $364.0K |
| Net Income from Continuing Ops | -$32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$32M |
| D&A | $20M |
| EBIT | -$30M |
| EBITDA | -$10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$32M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $49M |
| Deferred Income Tax | $679.0K |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $40M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$269.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $17M |
| FREE CASH FLOW | $39M |
| Net Change in Cash | $51M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $471M |
| Short-Term Investments | $0 |
| Net Receivables | $101M |
| Inventory | $0 |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $623M |
| PP&E (Net) | $65M |
| Goodwill | $846M |
| Intangible Assets | $192M |
| Long-Term Investments | $417.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $58M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $43M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $139M |
| Long-Term Debt | $104M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $156M |
| TOTAL LIABILITIES | $294M |
| Common Stock | $93.0K |
| Additional Paid-In Capital | $2.7B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $158M |
| Net Debt | -$313M |
