| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $265M | $220M | $139M | 20.3% | 90.6% |
| Op. Income | $6M | -$2M | -$54M | 333.9% | 110.4% |
| Gross Margin | 97.1% | 96.8% | 91.8% | 0.3pp | 5.3pp |
| Net Margin | 2.1% | -1.1% | -39.2% | 3.2pp | 41.3pp |
| EPS (Diluted) | $0.05 | $-0.03 | $-0.62 | 309.6% | 108.8% |
| Free Cash Flow | -$125M | -$20M | $71M | -533.9% | -274.8% |
| Item | Amount |
|---|---|
| REVENUE | $265M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $257M |
| R&D Expenses | $0 |
| Selling & Marketing | $73M |
| General & Administrative | $111M |
| SG&A Expenses | $184M |
| Other Expenses | $68M |
| Operating Expenses | $252M |
| Cost & Expenses | $259M |
| OPERATING INCOME | $6M |
| Interest Income | $46M |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $49.0K |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $6M |
| EBIT | $6M |
| EBITDA | $11M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $265M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $257M |
| R&D Expenses | $0 |
| Selling & Marketing | $73M |
| General & Administrative | $111M |
| SG&A Expenses | $184M |
| Other Expenses | $68M |
| Operating Expenses | $252M |
| Cost & Expenses | $259M |
| OPERATING INCOME | $6M |
| Interest Income | $46M |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $49.0K |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $6M |
| EBIT | $6M |
| EBITDA | $11M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $36M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$206M |
| Change in Working Capital | $39M |
| OPERATING CASH FLOW | -$120M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$110M |
| NET CASH FROM INVESTING | -$110M |
| Net Debt Issuance | $82M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $9M |
| NET CASH FROM FINANCING | $92M |
| FREE CASH FLOW | -$125M |
| Net Change in Cash | -$138M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $401M |
| Short-Term Investments | $0 |
| Net Receivables | $99M |
| Inventory | $0 |
| Other Current Assets | $306M |
| TOTAL CURRENT ASSETS | $832M |
| PP&E (Net) | $82M |
| Goodwill | $67M |
| Intangible Assets | $9M |
| Long-Term Investments | $1.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $427M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $29M |
| Short-Term Debt | $190M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $450M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$408M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $722M |
| Minority Interest | $0 |
| TOTAL EQUITY | $722M |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $1.5B |
| Net Debt | $1.1B |
