| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $369M | $299M | $271M | 23.5% | 36.4% |
| Op. Income | $30M | $22M | $22M | 35.3% | 34.1% |
| Gross Margin | 55.3% | 56.0% | 59.0% | -0.7pp | -3.7pp |
| Net Margin | -12.9% | -7.2% | 3.4% | -5.8pp | -16.3pp |
| EPS (Diluted) | $-0.21 | $-0.10 | $0.04 | -118.7% | -618.5% |
| Free Cash Flow | $37M | $23M | $37M | 64.0% | 1.1% |
| Item | Amount |
|---|---|
| REVENUE | $369M |
| Cost of Revenue | $165M |
| GROSS PROFIT | $204M |
| R&D Expenses | $66M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $109M |
| Other Expenses | $0 |
| Operating Expenses | $174M |
| Cost & Expenses | $339M |
| OPERATING INCOME | $30M |
| Interest Income | $0 |
| Interest Expense | $50M |
| Other Income/Expenses | -$68M |
| INCOME BEFORE TAX | -$38M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | -$48M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $300.0K |
| NET INCOME | -$48M |
| Net Income Deductions | $300.0K |
| BOTTOM LINE NET INCOME | -$48M |
| D&A | $29M |
| EBIT | -$23M |
| EBITDA | $5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$48M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $57M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | $43M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | -$400M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $800.0K |
| NET CASH FROM INVESTING | -$404M |
| Net Debt Issuance | $600M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$17M |
| NET CASH FROM FINANCING | $583M |
| FREE CASH FLOW | $37M |
| Net Change in Cash | $224M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $766M |
| Short-Term Investments | $2M |
| Net Receivables | $321M |
| Inventory | $141M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $227M |
| Goodwill | $704M |
| Intangible Assets | $419M |
| Long-Term Investments | $3M |
| Tax Assets | $79M |
| Other Non-Current Assets | $70M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $2.8B |
| Account Payables | $91M |
| Short-Term Debt | $53M |
| Deferred Revenue | $84M |
| Other Current Liabilities | $114M |
| TOTAL CURRENT LIABILITIES | $490M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $35M |
| Deferred Tax Liabilities | $10M |
| Other Non-Current Liabilities | $145M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $70.7B |
| Retained Earnings | -$69.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$109M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $834M |
| Minority Interest | $0 |
| TOTAL EQUITY | $834M |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $1.3B |
| Net Debt | $564M |
