| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $113M | $109M | $98M | 3.3% | 15.5% |
| Op. Income | $30M | $1M | -$8M | 2554.2% | 492.2% |
| Gross Margin | 75.2% | 75.2% | 77.2% | -0.1pp | -2.0pp |
| Net Margin | 23.7% | 0.7% | -4.1% | 23.0pp | 27.8pp |
| EPS (Diluted) | $0.03 | $0.01 | $-0.03 | 408.5% | 193.5% |
| Free Cash Flow | $8M | $37M | -$11M | -78.9% | 170.0% |
| Item | Amount |
|---|---|
| REVENUE | $113M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $85M |
| R&D Expenses | $23M |
| Selling & Marketing | $32M |
| General & Administrative | $61.0K |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $55M |
| Cost & Expenses | $84M |
| OPERATING INCOME | $30M |
| Interest Income | $1M |
| Interest Expense | $2M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $9M |
| EBIT | $31M |
| EBITDA | $40M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $113M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $85M |
| R&D Expenses | $23M |
| Selling & Marketing | $32M |
| General & Administrative | $61.0K |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $55M |
| Cost & Expenses | $84M |
| OPERATING INCOME | $30M |
| Interest Income | $1M |
| Interest Expense | $2M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $9M |
| EBIT | $31M |
| EBITDA | $40M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $27M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$23M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$573.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$573.0K |
| Net Debt Issuance | $99M |
| Common Stock Repurchased | -$18M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | $70M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | $78M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $179M |
| Short-Term Investments | $0 |
| Net Receivables | $67M |
| Inventory | $0 |
| Other Current Assets | $54M |
| TOTAL CURRENT ASSETS | $300M |
| PP&E (Net) | $97M |
| Goodwill | $111M |
| Intangible Assets | $93M |
| Long-Term Investments | $14M |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $326M |
| TOTAL ASSETS | $626M |
| Account Payables | $7M |
| Short-Term Debt | $18M |
| Deferred Revenue | $186M |
| Other Current Liabilities | $56M |
| TOTAL CURRENT LIABILITIES | $286M |
| Long-Term Debt | $98M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $21M |
| TOTAL NON-CURRENT LIABILITIES | $188M |
| TOTAL LIABILITIES | $474M |
| Common Stock | $156.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$680M |
| Treasury Stock | -$176M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $153M |
| Minority Interest | $0 |
| TOTAL EQUITY | $153M |
| TOTAL LIABILITIES & EQUITY | $626M |
| Total Debt | $87M |
| Net Debt | -$92M |
