| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $655M | $598M | $572M | 9.5% | 14.5% |
| Op. Income | -$11M | -$9M | -$38M | -22.2% | 71.1% |
| Gross Margin | 74.7% | 76.8% | 77.3% | -2.1pp | -2.6pp |
| Net Margin | 0.3% | 1.3% | -3.0% | -1.0pp | 3.3pp |
| EPS (Diluted) | $0.01 | $0.03 | $-0.07 | -73.4% | 111.4% |
| Free Cash Flow | $158M | -$40M | $11M | 495.0% | 1336.4% |
| Item | Amount |
|---|---|
| REVENUE | $655M |
| Cost of Revenue | $166M |
| GROSS PROFIT | $489M |
| R&D Expenses | $153M |
| Selling & Marketing | $226M |
| General & Administrative | $121M |
| SG&A Expenses | $347M |
| Other Expenses | $0 |
| Operating Expenses | $500M |
| Cost & Expenses | $666M |
| OPERATING INCOME | -$11M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $69M |
| EBIT | $7M |
| EBITDA | $76M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $69M |
| Stock-Based Compensation | $99M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$84M |
| OPERATING CASH FLOW | $87M |
| Capital Expenditure | $71M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$49M |
| Sales/Maturities of Investments | $170M |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | $77M |
| Net Debt Issuance | -$362M |
| Common Stock Repurchased | -$150M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$490M |
| FREE CASH FLOW | $158M |
| Net Change in Cash | -$326M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $587M |
| Short-Term Investments | $571M |
| Net Receivables | $151M |
| Inventory | $0 |
| Other Current Assets | $512M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $99M |
| Goodwill | $2.8B |
| Intangible Assets | $621M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $52M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $5.4B |
| Account Payables | $56M |
| Short-Term Debt | $230M |
| Deferred Revenue | $70M |
| Other Current Liabilities | $57M |
| TOTAL CURRENT LIABILITIES | $546M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $38M |
| TOTAL NON-CURRENT LIABILITIES | $124M |
| TOTAL LIABILITIES | $670M |
| Common Stock | $0 |
| Additional Paid-In Capital | $6.6B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.7B |
| TOTAL LIABILITIES & EQUITY | $5.4B |
| Total Debt | $328M |
| Net Debt | -$259M |
