| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $816M | $788M | $648M | 3.5% | 25.9% |
| Op. Income | -$52M | -$36M | -$37M | -42.4% | -40.0% |
| Gross Margin | 76.6% | 76.6% | 77.1% | -0.0pp | -0.5pp |
| Net Margin | -4.2% | -1.5% | -1.2% | -2.7pp | -3.0pp |
| EPS (Diluted) | $-0.21 | $-0.07 | $-0.05 | -200.0% | -317.5% |
| Free Cash Flow | $239M | $413M | $143M | -42.2% | 66.7% |
| Item | Amount |
|---|---|
| REVENUE | $816M |
| Cost of Revenue | $191M |
| GROSS PROFIT | $624M |
| R&D Expenses | $229M |
| Selling & Marketing | $369M |
| General & Administrative | $78M |
| SG&A Expenses | $447M |
| Other Expenses | $0 |
| Operating Expenses | $676M |
| Cost & Expenses | $868M |
| OPERATING INCOME | -$52M |
| Interest Income | $34M |
| Interest Expense | $4M |
| Other Income/Expenses | $30M |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | -$34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$34M |
| D&A | $46M |
| EBIT | -$17M |
| EBITDA | $29M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$34M |
| Depreciation & Amortization | $46M |
| Stock-Based Compensation | $217M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $67M |
| Change in Working Capital | -$94M |
| OPERATING CASH FLOW | $204M |
| Capital Expenditure | $35M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$511M |
| Sales/Maturities of Investments | $181M |
| Other Investing Activities | -$49M |
| NET CASH FROM INVESTING | -$361M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$110.0K |
| NET CASH FROM FINANCING | $21M |
| FREE CASH FLOW | $239M |
| Net Change in Cash | -$135M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $2.3B |
| Net Receivables | $552M |
| Inventory | $0 |
| Other Current Assets | $386M |
| TOTAL CURRENT ASSETS | $4.5B |
| PP&E (Net) | $683M |
| Goodwill | $1.0B |
| Intangible Assets | $193M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $425M |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $6.8B |
| Account Payables | $29M |
| Short-Term Debt | $68M |
| Deferred Revenue | $2.0B |
| Other Current Liabilities | $261M |
| TOTAL CURRENT LIABILITIES | $2.3B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $420M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $4.6B |
| Common Stock | $161.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $15M |
| Other Equity | $3.4B |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $6.8B |
| Total Debt | $1.9B |
| Net Debt | $662M |
